Important update! We have recently reviewed and updated our Forum Rules and FAQs. Please take the time to familiarise yourself with the latest version.
Should Insurance Brokers be asking for bank account details before agreeing to sign up for a policy?
7 replies 130 views
I've been searching for a deal on Life Insurance and have gone through the three brokers that MSE recommend - Cavendish, Moneyworld and Money Minder. However, a broker phoned me out of the blue who I'd never heard of trying to sell me a Legal and General Policy which sounded OK over the phone but he wanted to take my bank account details prior to me reading the policy and signing up for it. I told him I was uncomfortable about doing that but he was insisting that I need to give the details as Legal and General would need to pay for a medical report from my GP and needed to know that I was serious about buying the policy. Just wanted to know, in light of the many scams that are around if this is usual practice.