They only deal with 3 insurers but they say they match they'll beat the lowest premium on the market. I tested it and it was the cheapest premium so i've submitted an application, reckon i might aswell give them a go and save a few quid!
be mindful there is no responsibility on your low commission broker for incomplete forms and non disclosures, its not important at the point of sale who you have done your cover with but it can be critical at the point of claim. (anyone remember Equitable Life)
I really think that this statement is preposterous. It is common knowledge that all Insurance sales people work and derive their earnings from Commissions, whether it be Life Assurance or Investments.
Why do you think they have outlawed this type of selling in the UK ??
The main and only difference is that the Low Commission broker will tell you the truth. Main line full commission brokers will fill their clients with bull.
Unfortunately a few people charging high commission ruins it for everyone with regards reputation.
So what can the industry or regulator do for the vast majority of people who need advice but are not prepared to pay a fee?