Which Life Insurance Company?In most cases you can arrange cover over the phone, and you are unlikely to need a medical if you are in good health. There are big differences in the cost of cover between the various banks, building societies and insurance companies. The new companies aren't necessarily the most competitive, relying instead on heavy marketing to bring their insurance to your attention. So do shop around. One way to do this is by using an independent financial advisor (IFA). An IFA will make comparisons between the major insurance companies for you. This saves you a lot of time and if they specialise in new parents can offer advice based on the features of the different policies as well as cost. Another type of advisor is the tied agent, typically these advisors work in banks and building societies and only have to offer the product of their own company, this limits your choice and they tend not to be the best value. |
