We understand that the personal insurance market within the UK is extremely cut throat, and somewhat controlled by certain underwriting cartels. However, just take a look at one of our life insurance quotes compared to the mainstream, high street insurance houses. We offer exceptional value to our clients, and are completely impartial; we cannot fail to offer best advice.
(PRWEB) July 5, 2009
The UK insurance market has long been a competitive arena for a new company to attempt to enter. A situation caused by a handful of financial behemoths, providing a limited range of products, which are vended via a selected number of large insurance brokerage firms. In the past, insurance brokers in the UK have been criticised for not providing best advice when recommending products for life insurance quotes. Indeed, the FSA itself has changed guidelines several times, and now life insurance quotes fall under regulation.
A new, on-line provider has recently begun offering competitive life insurance quotes. The new website launched by eInsured offers a range of insurance products, including Mortgage Payment Protection Insurance (MPPI), Private Medical Insurance and Critical Illness Insurance. In a financial environment which is seriously affected by the downturn in the global economy, is it really a sound business decision to try and force a foot hold in to such a competitive market?
John Wagner, business development manager at eInsured tells us that, "We understand that the personal insurance market within the UK is extremely cut throat, and somewhat controlled by certain underwriting cartels. However, just take a look at one of our life insurance quotes compared to the mainstream, high street insurance houses. We offer exceptional value to our clients, and are completely impartial; we cannot fail to offer best advice."
The newly launched eInsured website can query a vast range of insurance products supplied by a large selection of insurers, to provide the most competitive life insurance quotes. Considering that it has been frequently highlighted that many people are paying far too much for their life cover, this is a great way for both people without a life insurance policy, and people with an existing, legacy policy, to avail themselves of the most cost effective solution available.
John Wagner agrees, by telling us that, "Many people have existing, long standing life insurance policies, which can date back ten years or more since they were first taken up. By asking for one of our life insurance quotes, many people have found that they have been paying far too much for their life cover. The simple fact is that many older life insurance products were not well priced, and lacked features. Take the old term life policies for example, these are almost entirely obsolete now, and have been replaced with whole life insurance and other hybrid, cash building insurance schemes. Many people still pay for term life insurance each year though, as they are simply not aware that better, more profitable types of life insurance quotes are available."
This is a good comment, as many of the older forms of life cover were both expensive, and risky, as they were renewed each year, instead of being a single, integrated, long term policy. Anyone who has had the same life insurance for more than a few years would do well to check with eInsured to discover if they could make any savings.
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