What is a Life Insurance Broker in the UK?

Everyone wants to receive value for their money, or even better, a great deal.

But is using a broker for life insurance in the UK less expensive?

Brokers who specialise in life insurance such as Life Expert go through a variety of products to assist you in finding the most suitable products based on your personal circumstances.

The service we offer at Life Expert is free.

You might be wondering how life insurance brokers in the UK get compensated if we don’t charge a fee.

The life insurance companies will give the broker a commission on any sales they make.

Because of this, insurers would prefer that you contact them directly, and they may do so by providing life insurance along with freebies. However, by going direct, you might pass up the best life insurance offers.

Always compare life insurance in the UK because even for the same amount of coverage, life insurance premiums can be very different from each different provider.

Life insurance for everyone in the UK is now available through a wide range of brokers, not simply banks and building societies.

When you do your research on the market for comparing life insurance and are given hundreds of possibilities, this may be rather intimidating. Directly approaching your bank, mortgage provider, or grocery store won’t ensure lower premiums either (as their offering can be limited).

A life insurance broker like Life Expert has access to a panel of insurers and we will advise you what is most suitable for you based on your personal circumstances and budget. This enables us to focus your search so that it is more tailored for you.

Do you understand the distinction between decreasing and level term insurance in the UK? How does life assurance compare to life insurance? What is critical illness cover and income protection insurance?

It’s crucial to know all your options to ensure that your policy is genuine (and pays out!) and that you can rest easy. By using a life insurance broker that provides free life insurance quotes tailored to you, you can communicate with a live person who can explain the technical terms used in life insurance.

Life Expert makes everything a little bit easier than it could be with a comparison website online.

This means that we advise you on what protection policies you should have, any protection gaps you might have, how much cover you should have and what policy will be most suitable for you based on your personal circumstances and budget.

We’ll utilise the personal data you supply to discover a range of tailored life insurance policies so you can make an informed choice.

You may also use our knowledgeable staff to help you grasp any insurance jargon you don’t understand.

A good life insurance broker such as Life Expert can provide everyone in the UK with a clear understanding of how different life insurance policies work.

From explaining the process of taking out a life insurance policy to paying premiums and how to make a claim, we have the knowledge required to support you.

Unless you work in the industry, it’s unlikely you’ll be familiar with all the ins and outs of life insurance, so this support can be helpful.

We offer a dedicated, free customer service team who can help you with such tasks as writing your life insurance in trust (for most applications).

Did you know that by writing your policy in trust, you can avoid/minimise 40% inheritance tax? You can also avoid probate for a faster life insurance pay out?

Whether you’re a stay-at-home parent, work full-time or are retired, your time is precious.

When did you last have share time to sit down and fill out a lengthy application form?

(That’s if you don’t make a mistake and must start again!) – Can’t remember? Me neither…

We can complete the life insurance application for you over the phone, leaving you more time to do the things you enjoy.

You’ll want complete assurance that you’ve set up your coverage appropriately when purchasing life insurance in the UK to safeguard your loved ones and the residence.

A life insurance broker such as Life Expert will make certain that all your important issues are addressed and that you are completely comfortable with your life insurance policy.

We will ask the proper questions to make sure we’re quoting you for the right product and that your cover is adequate and legitimate because we are aware of the usual hazards from experience.

This gives you piece of mind knowing that your family is completely safeguarded in the event that you are no longer able to provide for them financially.

If your loved ones need to make a life insurance claim a broker can help, dealing with your insurer directly, making the process as easy as possible.

At a time when your loved ones are suffering emotionally, having the support of a broker like Life Expert to help you through the claims process is one less thing to worry about.

Keep in mind that a life insurance broker represents you, the customer, not the insurer.

How much do insurance brokers make; you may be wondering. Of course, that depends on the insurer and the policy. At Life Expert, we generate revenue by receiving a commission from the insurance company.

The fact that we never charge a fee for our advised service is crucial for our clients. (However, some brokers charge.)

We think a competent life insurance broker should look out for your best interests and be attentive to your requirements.

When dealing with your broker, keep in mind that they are doing something for you.