Opinions on CitiLife marketed by Citisolutions?

MrBean_2

Hi all,
I've spoken with a representative of Citisolutions about term life insurance. They offer insurance through Dublin based CitiLife Financial Limited. Does anyone have any experience or recommendation to give about their Life insurance products?

I'm well aware of the marketing structure of Citisolutions, my question is only about the CitiLife insurance product per se.

Thank you.

dunstonh

Its high pressure sales tactics selling as you are no doubt aware. The own brand products will be expensive compared to IFA versions. Although that is nothing unique as you expect tied providers to be more expensive than IFA versions.

MrBean_2

Thanks for your reply. As far as I understand, CitiLife insurance products are only marketed by CitiSoluciones. Do you know anything about CitiLife? Are they life policies good?

dunstonh

Do you know anything about CitiLife?

High pressure sales process. Universally hated by most in financial services as a business model that should have been made obsolete years ago. So much so that the disgust made the financial press when they received their FSA authorisation.

Are they life policies good?

When you are only talking about life assurance, you havent really got a lot to say about it. "If you die, will it pay out?" is about the crux of it. So on that front, you would say it is indifferent. However, it will more expensive than what is available (by a long way) than the whole of market product.