Life Assurance Commission

dazman wrote:

Hi,

I just read the tip on saving on Life Assurance via Cavendish Online. A few clicks later and I had a quote from my current life insurer that was a quarter of my current premium! However I’m a British National currently living in Dubai, UAE, with business travel around Africa and the Middle East (only FCO approved countries).

Does anyone know how much this, if anything would be increasing my premium, or could it be that my FA is just taking a very, very tidy commission?

Hi, it doesnt usually work like that, the commissions are pretty similar. The trouble with looking at a life plan like this is it isn't often like for like. It also depends on the age of the plan as generally life cover has come down in cost and critical illness has gone up. Also beware that some benefits on a plan can be lost never to be regained when chopping in plans. For example critical illness definitions have got harder to claim on over the last few years. Best response honestly. Ask your advisor, and see what response he gives. In my experience it is often the plan is not the same thing. If no satisfactory response, question the advice/ advisor.

Good luck.