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The Life Insurance Market
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Should all companies selling protection products such as life insurance, critical illness cover and income protection be regulated?
The general belief held by consumers is probably all companies are.
However, if the person or company you speak to offers you no advice and the focus of the conversation is around price then the company you’re talking to is more than likely not regulated. What does this mean for a consumer? Well, if you ever needed to claim on your policy and a dispute arose or if you are sold the wrong product for your circumstances then unfortunately you wouldn’t be able to complain to the FSA.
Therefore, seeking advice won’t only ensure you have the right protection but it will also mean you’re safe guarded against any disputes with your insurer.
LifeSearch offers free advice and you’ll have your own dedicated adviser. Don’t buy life insurance off the shelf, get advice and make sure you have the right cover for you and your family
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