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Buying Life Insurance online – is it a really good idea


The advent of the internet has opened up the possibility of cheaper life insurance for all. 

In years gone by, if you were considering life insurance you would probably have invited an insurance 
salesman from your favourite insurance company to meet you or alternatively gone to your local insurance 
broker. But rarely would you have been courageous enough to get competitive quotations. It just wasn’t 
done. You trusted the salesman to do the best for you and surely you thought, life insurance is somewhat 
technical and requires specialised knowledge. All very cosy. All very expensive. How life has changed!

People now realise that life insurance is not that complicated. If on a scale of 1 to 10, buying car insurance 
online rates 9, life insurance must be a 7 or 8. This has opened up the Internet as a prime arena for 
cut-price life insurance. That’s not to imply that life policies bought on the Internet are in any way 
substandard. No, you’re most likely to end up with a policy from one of the UK’s big insurers like 
Norwich Union or Legal & General and they’ll be exactly the same policies as you could buy anywhere 
else. It’s just that the intense competition on the internet and efficiency and simplicity of the system, 
means that most online brokers decide to cut the commission and roll back the savings into lower prices.

Ah yes I hear you saying, 7 or 8 implies that life insurance is more complicated than car insurance. 
Yes it is - but that doesn’t mean that it represents a problem. The companies selling life insurance 
online recognise that many clients feel that some level of personal advice is useful and indeed, 
necessary. They accommodate this with a mix of useful information on the web site and more often 
than not, with a short telephone conversation with a life insurance adviser prior to you buying. 
This provides reassurance and helps to ensure you really do get the policy options you need all 
at rock bottom prices. 

Buying online certainly is a good idea.





About the author:
Michael Challiner has 15 years experience in financial services marketing at senior level.

Michael now works as the editor of http://www.express-life-insurance.co.uk 
Futher reading http://www.express-life-insurance.co.uk/can-i-get-a-quote.htm
Futher reading http://www.express-life-insurance.co.uk/what-is-level-term-insurance.htm






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