Why cover:
  • 6 of 10 UK mortgage holders have life cover*
  • secure your loved ones’ well-being
  • price at all-time low, cover from £5 a month
Why us:
  • helping you find the right policy for you
  • critical illness cover; heart attack,cancer,etc.
  • the whole market compared, fast & free

Finding the best deals for mortgage life cover through insurance brokers

Gone are the days when you need to go directly to the insurance company or talk to an agent to get coverage. E-commerce has made it possible for you to buy some types of insurance by just a few taps on your keyboard.

What’s an execution only broker?

Also referred to as discount brokers, these are independent agents that simply sell the products – they don’t give you advice as to what would be ideal for your particular situation. Because there is no advice given, brokers have smaller overhead costs. Thus, you can enjoy bigger discounts.

How does the broker earn?

The broker gets a commission off the sale. He may be able to negotiate for lower premium rates and higher commission percentages due to the fact that they are dealing with a lot of policies.

Indeed, the Internet has opened up a lot of possibilities in the marketing of insurance and it has also enabled you to enjoy having the best prices by comparing mortgage life insurance quotes from various providers.

Comparing quotes can get you great savings

The minutes you spent looking at various quotes is well worth it. For instance, Company A may offer a cover at £32, Company B at £30 and Company C at £20. If these are monthly premiums, getting the cover from Company C instead of Company A will mean an annual savings of £144.

Brokers for your insurance needs

One way to get cheap policies is to avail of “execution only” services from brokers. This means that the broker is not obligated to give you any advice, just to sell the policy to you and charge you with a small fee.

But before you jump into an “execution only” service, remember to check:

An insurance broker may be a good source to buy your mortgage life insurance policy or your level term policy, as well as other insurance products. Brokers may be able to give you a good price, but you should also balance this with the kind of service you need and expect.

Latest update: 16.06.2013

Get your mortgage life insurance quote now, fill our form on the right.

Other sites: critical illness cover, lifeassurance.org.