Life Insurance quote checker question

Mr_Incredible

OshayAway wrote: »

Wow, is that a direct quote? I don't know where to start with what's wrong with that!

yeah its a direct quote lol, have a try please, I'll use it.

Apparently all the cost is in the CI cover

otherwise if it was just life cover, me = 13.32 per month £200,000 20 years
her = £9.69 per month £200,000 20 years.

Mr_Incredible

kingstreet wrote: »

On a like for like quote, Scot Prov, Bright Grey, Aviva and Aegon are all cheaper than L&G. Cost shouldn't be the only consideration though.

You need someone impartial to consider the critical illness definitions and other plan features carefully.

on a like for like quote for my specifics above, if so this is relevent, please confirm?

OshayAway

Ok, will do. In the mean time, ask him what effect he thinks I-E will have on premiums. I doubt he probably won't even know what that is judging from the quality of his information.

Mr_Incredible

just to be clear then I'm saying that if you net the kickback its £30 per month each for people in their mid 30's with no health issues and its for £200k plus CI cover for 18 years.

Y'all still think £30 per month is way high for 200k life cover with CIC?

if yes then I'll shop, please post advises

Mr_Incredible

OshayAway wrote: »

Ok, will do. In the mean time, ask him what effect he thinks I-E will have on premiums. I doubt he probably won't even know what that is judging from the quality of his information.

what is IE?

dunstonh

I think that The Legal & General offer a better Critical illness product than all other company though I do deal with Aviva and Friends life also,

If he was independent he would not be saying that. This sounds like restricted advice/panel.

The Legal & General are market leaders in Critical illness Cover

Since when?

The premiums guaranteed for five years and then reviewed

This is very badly written. This means it is reviewable premiums on a 5 year frequency. He should not be using the word "guaranteed" as that implies a guaranteed premium (i.e. one that does not change)

in over 20 years I have never know premiums to need to be increased.

I can think of two occasions there have been increases on reviewable plans in recent history.

There is something not right here. I suspect limited/restricted panel is the problem. These are not the words of an independent.

OshayAway

Mr_Incredible wrote: »

what is IE?

It's I-E as in I minus E. Ask your broker.

Mr_Incredible

OshayAway wrote: »

It's I-E as in I minus E. Ask your broker.

OK I was hoping for laymans terms as I'm now goinmg to be asking a question I don't even known the meaning of, I'll ask anyway then

Mr_Incredible

dunstonh wrote: »

If he was independent he would not be saying that. This sounds like restricted advice/panel.



Since when?



This is very badly written. This means it is reviewable premiums on a 5 year frequency. He should not be using the word "guaranteed" as that implies a guaranteed premium (i.e. one that does not change)



I can think of two occasions there have been increases on reviewable plans in recent history.

There is something not right here. I suspect limited/restricted panel is the problem. These are not the words of an independent.

Thank you very much for your help, I'm presuming its just his opinion to be honest and his experiences. For example if I went to and IFA and they said 'I think this company offer the best...' I wouldn't automatically assume that means they mist be tied secretly, I would just take it as being their own independent opinion

OshayAway

Mr_Incredible wrote: »

OK I was hoping for laymans terms as I'm now goinmg to be asking a question I don't even known the meaning of, I'll ask anyway then

It's fine that you don't know about it, you're not expected to. Your broker should though so it will be a good measure of their knowledge, which appears to be severely lacking!