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Life insurance for £1 a week. too good 2b true?
Comments
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Would all you trolls adding fake questions - and fake replies, please get the message that your posts are totally obvious and I will make sure and highlight every one I see...
That includes you GeorgiaPie!I am a Financial Adviser specialising in Mortgages, Protection, Health and Medical Insurance. I also write wills. All information posted on this site is for discussion only, and should not be taken as advice.0 -
I've just had a look at the site you're talking about and it appears that they are offering cashback over four years or, probably more of interest, a monthly saving on the premium.
Totally pointless. May as well set the commission lower and reduce the monthly premiums. Looks like a cheap gimmick which will cost the consumer more in the long run (commission is paid over 4 years but premiums are paid for the life of the plan). Lower premiums for the life of the plan will beat the commission split for 4 years.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Good advice, thanks for your answer. I think there's quite a few consumers that might take the bait but the reduced monthly premium is the way to go.0
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