What exactly does a Life Insurance broker do?

Life Insurance Brokers work on your behalf to find you the best insurance product to fit your needs. They then arrange the insurance for you with the insurance company. All brokers working with Life Insurance Quotes Online also discount the commission they receive in order to offer you lower monthly insurance premiums.

Some brokers take a fee from the customer instead of commission. But VAT is charged on fees whereas it isn't on commission. So working on commission works out cheaper for you. For this reason, most brokers, certainly most internet-based brokers, use the commission system.

All Insurance Brokers are regulated by the Financial Services Authority - visit the Financial Services Authority's web site at www.fsa.gov.uk for more details.