Benefits of using our Insurance advice & arrangement service
Many people buy insurance products from banks or over the internet. With the banks, the premium costs for life and health insurance type products are generally 20-30% more expensive than we can obtain on the independent market. For people in reasonable health, we have been able to save clients 30% of their existing insurance costs just for shopping around for them, giving them to chance to improve and increase their cover at the same time in a lot of instances.
People who buy life or health cover over the internet, usually do so to cover a specific need whereby the amount of cover can be quantified quite easily (ie for the amount of the mortgage advance). However, more often than not there is a wider need that has not been addressed on this purchase, namely the need to also protect their family, and it can very difficult to quantify this need without quality analysis and advice. Also, Life and health insurance is often purchased online without any consideration for ancillary benefits such as waiver of contribution, guaranteed insurability, bolt on children’s benefit cover, not to mention the list of critical illness conditions which vary from insurer to insurer and can be a minefield to wade through.
We provide advice on all of these issues within the scope of our insurance service, matching up products with benefits and features akin to your personal circumstances and needs.