10 Reasons To Use A Life Insurance Broker

Before we take a look at our 10 reasons to use a life insurance broker, let’s define what a life insurance broker is and what they do.

10 Reasons To Use A Life Insurance Broker

What is a life insurance broker?

To put it simply, a life insurance broker is an expert when it comes to life insurance. They act as an intermediary between insurance providers and you, the customer.

A good life insurance broker imparts their knowledge and expertise with their customers to help match them with the right life insurance product. They then compare quotes from across the insurance market to find you the most suitable policy.

Life insurance brokers can help you work out what type of insurance you need, how much cover to get, and how long to secure your cover for. Good life insurance brokers are experts when it comes to finding the most suitable life insurance at an affordable price.

Freedom to Insure is a 5* Excellent rated life insurance broker. Customers from across the UK have ranked us the No. 1 Life Insurance Agency on Trustpilot. If you’d like to take advantage of our free 5* service, click get a quote today.

Life Insurance Broker

What does a life insurance broker do?

A life insurance broker compares quotes from across the life insurance market for you. They talk you through your options to help you find the most suitable cover, then guide you through the process of setting up your policy.

A life insurance broker works on behalf of you, with your best interest in mind. They use their knowledge of insurance providers and their products to help personally match you with the right cover. They’re always on hand to answer any questions you have, to make sure you’re comfortable and in control of your policy.

We’ve listed below our top 10 reasons why using a life insurance broker is beneficial when looking for the best life insurance policy.

1. Save Money

A whole-of-market life insurance broker is not associated with any particular insurer which means they provide an independent comparison of the market. This is beneficial to customers looking for the best option, as they can save money by securing the right policy at the most competitive price.

We don’t charge customers for our 5* service at Freedom to Insure. It’s our mission to protect as many families as possible across the UK should the worst happen, and we believe you should not have to pay us for getting you and your family protected. We work for you, not the insurer. We’re able to provide our service for free because the insurer you choose pays us a commission for making a sale for them.

Yes, you could go direct to the insurer, but you may not find the same rates if you go direct. As with any type of insurance, you should always compare quotes to make sure you secure the most suitable and affordable cover.

2. Expert Knowledge

Life Insurance Brokers are experts in their field. As well as having vast knowledge of insurance providers and their products, they also have experience helping thousands of customers find the most suitable cover.

With so many companies offering life and health insurance, it can become confusing working out what cover is best for you. This is where speaking to a broker takes the stress out of finding the best life insurance policy for your circumstances. Whether you’re wondering what product you need or if you can get covered for something specific such as diabetes, a good broker will be able to find the right product and level of cover to suit your needs.

A life insurance broker will also explain the process for taking out a policy, paying your premiums, and how your policy works.

3. Jargon Explained

A good life insurance broker will take the time to make sure you fully understand your options. This includes explaining any jargon and answering your questions about insurance providers, products, and policies. This is much more beneficial than sourcing quick online quotes, as it gives you the opportunity to clarify the details with a real person.

At Freedom to Insure we pride ourselves on our 5* excellent service, as rated by our customers on Trustpilot. Our consultants take the time to fully explain your options, giving you the confidence to make decisions.

4. Save Time

When you choose to use a life insurance broker you save valuable time. They not only do the digging to find you the perfect policy, but they can also fill out all the forms for you. This leaves you time to focus on the important things in life, such as spending time with your friends and family.

You may be putting off sorting out your life insurance because it seems like a long process. However, by working with a life insurance broker you can sit back and relax whilst they do all the hard work for you.

5. Peace Of Mind

Saving time and money are of course important for most people. But what use is an insurance policy that doesn’t provide adequate cover? When you speak to a life insurance broker you know that the cover you arrange is accurate, suitable, and will protect your loved ones in their time of need. A good life insurance broker should provide complete peace of mind for you.

At Freedom to Insure we know how important it is to have a valid life and/or health insurance policy. We believe it’s vital for our consultants to receive regular training to ensure they provide the right information and the very best service for our customers. Don’t take our word for it though, check out our reviews. There’s good reason why we’re currently rated the No. 1 Life Insurance Agency on Trustpilot.

6. Keeps Insurers Competitive

A fantastic reason to use a life insurance broker is to get an accurate and personal comparison of the insurance market. And then when two insurers offer the same policy terms, who are you going to choose for your insurance? Most people are likely to choose either the cheaper premium or the more reputable insurer in this scenario, meaning it’s in the insurance provider’s best interest to keep their premiums low and their customers happy.

Every time you compare your options before making a purchase you put yourself, the customer, in control.

7. Fully Regulated By The Financial Conduct Authority

Using an FCA regulated broker helps to give you the peace of mind of knowing that you’ll always be dealing with a reputable, trusted company that can be held accountable against many FCA regulations designed to protect customers.

Freedom to Insure is fully regulated by the Financial Conduct Authority. We are bound to act with integrity and professionalism at all times, and strictly follow the FCA best practices guidelines. You can check out the FCA register to validate any financial services that you deal with, helping you to avoid scammers and keep your family protected.

8. Personal Service

Yes, you can use online comparison sites and quick calculators, but these don’t always show you the wider picture. These are designed as a quick overview and don’t necessarily reflect the premiums you are eligible for. They are likely to show you the cheapest, best-case scenario, to gain your interest.

When you speak to a broker directly, you save yourself time by getting accurate quotes. You may be on the phone with your broker for a short while, but in this time, they can learn enough about you to provide a bespoke comparison just for you. And the best part is that if you decide not to set up a policy you don’t have to.

A fantastic personal service is what sets a good broker from a great broker. We are incredibly proud of our 5* Excellent rating on Trustpilot, as rated by over 4,000 customers. Our consultants are dedicated when it comes to protecting you and your family.

9. Sort Everything Over The Phone

By this, we don’t just mean providing quotes over the phone. A good life insurance broker will coordinate your policy with your insurance provider and help you get everything set up. This can sometimes include speaking to your GP, if necessary for your cover, to ensure everything is moving along for you. This is much more than a quick online quote service is likely to provide.

From our consultants to our admin department, the friendly team at Freedom to Insure is used to handling unique requests and helping our customers in every way possible.

10. Easy To Use

The best thing about using a life insurance broker is how easy the process is. You don’t have to know anything about life insurance in advance because you know your broker has your best interests in mind. They will do all the hard work for you whilst you get on with your day-to-day life. A lot of people know that life insurance is vital but put off organising cover because they believe the process will be confusing and time-consuming. Using a life insurance broker to find the right policy couldn’t be easier.

10 Reasons To Use A Life Insurance Broker Infographic

These 10 reasons to use a life insurance broker may seem too good to be true. How does such a beneficial, useful, and free service exist?

How Do Life Insurance Brokers Make Money

How do life insurance brokers make money?

Put simply, brokers make money through commissions paid to them by insurance providers. This is typically a small percentage of the customer’s premiums but does not affect the cost to the customer. This is how brokers are able to offer their service for free.

Life insurance brokers often sell other types of insurance too. We at Freedom to Insure are able to source great policies for the following types of insurance:

Mortgage Protection Insurance

Critical Illness Cover

Income Protection Insurance

Accident Sickness and Unemployment Insurance

Private Medical Insurance

Buildings and Contents Insurance

Do you have to pay a life insurance broker?

No, you should not have to pay a life insurance broker, however, not all brokers offer their service for free. Now that you know brokers receive commission from insurance providers, you may be keen to work with one that doesn’t charge you to use their expertise. We’re proud to offer our 5* service for free, and won’t be changing this any time soon.

Now that you know what a life insurance broker does and how beneficial using one is, let’s look at why you should choose to use us.

Why use Freedom to Insure?

Free Service – we never charge our customers a fee, and don’t intend to change this.

Rated 5* Excellent – our customers have rated us excellent on Trustpilot with over 4,000 reviews. See for yourself!

FCA Regulated – we are held to incredibly high standards by the FCA, so you can be sure you’re receiving the very best information from us

Whole of market broker – this means we compare lots of insurers across the UK, instead of only working with a select few. This puts you at a great advantage when looking for an accurate comparison.

No-obligation – we’re confident that we can find you the best policy, but if you don’t want to set up a policy we won’t pressure you. The final decision is always yours.

Additional services – we’ve partnered with Libertas Wills to provide a Will Writing service for our customers. They’re also able to help you write your life insurance policy in trust. Not sure if you need a Will or not? We can help with that too.