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Moneysupermaket...overpriced for life insurance?
building
Posts: 531 Forumite
hi there
I got a quote from moneysupermarket with regard to life insurance and they quoted double the rate of what i got through from my financial adviser 2 years ago. Is this normal? back then I did not a child. has this got any influence maybe?
I got a quote from moneysupermarket with regard to life insurance and they quoted double the rate of what i got through from my financial adviser 2 years ago. Is this normal? back then I did not a child. has this got any influence maybe?
0
Comments
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It must do, the insurance schemes are funny calculations.
Do you have to tell your current provider of the fact you have a child??
They may bump up the premium as I assume its annually reviewable.
BenI beep for Robins - Beep Beep
& Choo Choo for trains!!0 -
Childbirth has no impact on life cover quotes. Only if it was a complicated birth, would further underwriting be required which could lead to an increased premium.
Life cover prices 2 years ago hit a low. Since then they have increased although there has been a small decrease with some major providers in recent months. Critical illness cover is not as good as policies from 2 years ago as well (on guaranteed plans anyway).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
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