There are many advantages to buying insurance from an independent broker. Some offer a price promise to beat any other like-for-like quote, so you can be reasonably sure you are getting the best value for money. Brokers can also search across all the providers and come up with the best product to suit your health, age and lifestyle. Advisers can also give advice and make a recommendation from all the products in the market, so you know you have all the information and expert advice to make an informed decision.
For those with an investment policy, an adviser can talk to you about the importance of putting the policy into trust, as any policy monies paid out after your death might be added to your estate and thus could result in an inheritance tax bill and 40 per cent of your lump sum going straight to the Treasury. Having some cover instead of none might sound fine to some, but wouldnt you rather have the right cover?
