Why you Should buy Life Insurance through a Whole of Market Broker
Why you Should buy Life Insurance through a Whole of Market Broker
A recent story published in the Daily Mail has highlighted that in some instances customers who buylife insurance directly from a provider can end up paying more over the course of the fixed term than those who buy through a mortgage protection consultant. The advice is that customers should think twice about buying directly from a building society or bank, and instead seek professional help and advice from a whole of market broker.
Whole of Market Mortgage Advice
One of the key reasons why policies bought straight from the provider can be more expensive is because the choice is limited. Whole of market brokers on the other hand have access to the entire range of products on offer and can therefore identify and select the best deal for you. Banks are what are known as tied agents: they can only offer polices from one provider which means you could miss out on a policy that is cheaper yet more suitable for you just because it's not one of theirs.
Furthermore,mortgage protection consultants who offer whole of market advice will also take a much more personalised interest in you and will select alife insurance plan that will serve your and your family's interests into the future.
So next time you are offered the best deal' from your bank or building society: think twice. You could well get it cheaper through a broker, and there could be a better product still that suits you better.
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