How to waste £10,000 on life cover
21 November, 2013 Leave a comment
Buying a life insurance policy from a bank or building society could mean wasting tens of thousands of pounds.
That is because lenders – without telling the customer – add their own markup of as much as 50pc to the price available elsewhere. Even going direct to the insurer will, bizarrely, sometimes end up costing policyholders far more.
The difference between the best and worst prices for the same cover, if you add up the premiums over the term of the policy, can run to many thousands of pounds.
So where is the best place to buy your policy?
Comment from the Sales Adviser, yours truly ” Well, this seems to be in the British context. How it is in the Malaysian scenario, I’ve yet to be updated. What is important is that your whole life could be riding on how well you secure yourself financially…”