Many people do not want to go to a financial advisor for advice if they are considering purchasing a whole of life insurance policy because they are afraid they will be charged for the advice they receive because of the rule changes in recent years.
While this can be the case it is easily avoided as many financial advisors will be happy to take the commission from the whole of life insurance provider as payment so you will not have to pay them om top of this and many companies advertise online advising they will not charge for the service other than what they will be paid from the provider.
On top of this many of these companies that offer advice online will also discount the commission they receive meaning you get the very best whole life policy at the cheapest possibly monthly cost.
For most people they will want to pay the premiums on a monthly basis but for some they want to pay annually but this generally does not qualify for a further reduction in commission unless the commission has not been discounted in the first place.
For people looking for death policies for IHT purposes then because the amount of whole of life cover is generally higher many advisors will cap the amount of commission they will receive which does make the overall cost cheaper for these people so if this applies to you just ask the advisor if they are willing to do this.
Using a whole of life insurance calculator online will give you an indication of how much your monthly premium will be and one thing is for sure you will have the opportunity of discussing a further discount with the advisor if you do find cheaper quotes.
Premier Mortgage Club Ltd guarantee to match and beat any quote you have in normal circumstances without companies adding incentives or where they are not taking their full commission so if this is the type of policy you are looking for then it is worth talking to them or visiting their website to get a quote using their whole life calculator which is free to use.
Do not confuse whole of life insurance with over 50s insurance as they are two different types of policies with huge variations so you cannot compare the two of them for price.
Another point to consider if this is what you are looking for is you can actually have a telephone appointment with the advisor and you no longer need to meet them face to face as this is not always convenient for you. To do this they will simply ask a few more questions and ask you to post proof of address or something similar to them or they may even just ask your permission to check you are on the voter’s role. This is so the advisor can comply with the money laundering rules laid down by the regulator.
To find the cheapest and best quote for whole of life insurance visit https://www.wholeoflifequotes.co.uk today where you will be able to buy whole of life insurance in the comfort of your own home.