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Will I have to pay a fee to the Life Insurance Broker? |
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No fees are payable to the life insurance brokers who work alongside Life Insurance quotes Online. They all work on a commission basis. Commission is the best solution for cheap life insurance because VAT is not charged on commission whereas it is charged on fees. This means that brokers trying to keep costs down will always use the commission system. On the othr hand, the Financial Services Authority generally favours the idea of fees rather than commission. This is because it takes away the possibility of customers simply being referred to the insurers that pay the best commission. However if you choose a big reputable broker like the ones we deal with, this should never be a cause for concern. |
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