Quote Search
Car Insurance Travel Insurance Home Insurance Life Insurance Health Insurance
Select Company
Keyword Search

Travel Insurance

Home Insurance

Life Insurance

Health Insurance

Tesco Car Insurance
Major Names

Abbey Life Insurance

Barclays Life Insurance

Eagle Star Life Insurance

Equitable Life Assurance Society

Friends Provident Life Assurance

Nationwide Life Insurance

Prudential Life Insurance

Standard Life Insurance

Tesco Life Insurance

Windsor Life Assurance

Term Life Assurance UK

Life Assurance Pension

Guaranteed Life Insurance

Cheap Life Insurance UK

Cheap Life Insurance Quote

Cheap Life Insurance

Life Assurance Cover

Assurance Cover Critical Illness Life

Life Assurance Rate

Cheapest Life Insurance

Life Insurance Company UK

Quote life insurance

Life Insurance Comparison

Insurance Life

Level Term Life Insurance UK

Term Life Insurance

Mortgage Protection Life Insurance

Combined Life Insurance

Term Life Assurance

Group Life Assurance

Best Life Insurance

Affordable Life Assurance

Life Assurance Quotation

Affordable Term Life Assurance

Life Assurance Cost UK

Life Assurance Quote

Life Assurance Comparison UK

Life Assurance Cost

Life Assurance Company UK

Best Life Assurance

Affordable Life Insurance

Affordable Term Life Insurance

Cheap Life Assurance

Life Assurance Policy

Cheapest Life Assurance

Cheap term life insurance

Life assurance Rate UK

Life Assurance Premium

Life assurance Quote UK

Life assurance company

Life Assurance

Life Assurance Comparison

Low Cost Life Insurance

Joint Term Life Insurance

UK Life Assurance

Mortgage Life Insurance

Life Insurance Policy

Mortgage Life Insurance Quote

Life Insurance in the UK

Life Insurance Quote UK

Life Insurance Direct

Mortgage Life Assurance

Discount Life Assurance

Life Insurance

Critical Illness Life Insurance

Life Insurance Information

Life Insurance Quotation

Competitive Term Life Insurance

UK Life Insurance Cover

UK Life Assurance Company

Low Cost Term Life Insurance

Life Insurance Cover

Mortgage Life Assurance UK

Term Life Insurance UK

UK Life Insurance

Term Life Insurance Quote

Decreasing Term Life Insurance

Life Insurance Agent

Life Insurance Broker

Mortgage Life Insurance UK

Life Insurance Quotation UK

Life insurance company

Term Life Insurance Policy

Standard Life Assurance Company

Life Insurance Term

Term Life Insurance Rate

Level Term Life Insurance

Life Insurance Rate

Life Insurance Critical Illness Cover

Discount Life Insurance

Life Assurance UK

Life Insurance UK

Life Insurance Quote

Compare Life Insurance

Car Insurance

Travel Insurance

Home Insurance

Life Insurance

Health Insurance

Personal Finance News

Copyright Notice
Useful Sites

loan.org.uk - guide to getting a loan

Life Insurance Broker

Why IFA’s are usually the best brokers and how they charge.

Your life insurance broker is ideally an independent financial advisor- usually it’s best to keep away from tied agents who can only sell one type of product. IFA’s charge on either a fee or commission basis, and can usually offer you a deal that’s just as good as going direct to a life office.

If this were a wildlife television programme, we would say that the life insurance broker comes in many colours! There are three to consider. First is the “Tied Agent”; usually he calls himself just an agent. This hides the fact that he is tied to just one company, and is only qualified to advise on their products. Clearly he has little to offer.

The life insurance broker we like the best is the independent adviser: he has the whole market at his beck and call, and can offer you impartial advice on the product best suited to your needs.

The third category is the panel agent: he has a panel, usually a fairly restrictive list, of providers- as you can imagine he is not much better than a tied agent.

Now, since you’ve sensibly gone to see an independent financial adviser (IFA), you want to know how they charge. Interestingly, the legislation around IFAs has changed fairly recently, such that they are obliged by law to charge for the advice that they offer (there is a good legal reason for this- it creates a transaction, which increases your rights if you feel you’ve been given bad advice later). However, you won’t usually have to pay for that advice, and here’s why. Advisers earn money on commission (they take a slice when they sell you a product), or they take money in fees (for advice, or on a flat-rate basis for services rendered). Often, the fee for advice will be taken out of a commission, and therefore your advice is effectively free. Note also that you pay VAT on fees, but not on commission payments.

So, when looking for a life insurance broker, definitely plump for an IFA, and establish their charging methods first (incidentally the Financial Services Authority keeps a register of all authorised advisers, you might also try SOFA- the Society of Financial Advisers) for a recommendation.