Mortgage Life Insurance

Getting advice from a broker- this is the best move if you need help choosing:

If you’ve got complicated health conditions or you do not know the kind of policy you need, you should consult a broker for advice.

Even though they might help you acquire the most suitable policy for your needs, the broker might take some commission.

Buying from a discount broker- this is the best move when you know the policy you want:

Go to a specialist discount broker if you know exactly what you want. This is one of the cheapest ways to buy life insurance, but it relies heavily on you knowing the sort of policy you want to buy.

These brokers normally rebate the commission they get from the insurer to you as a discount. You might still pay them a small token, usually £25 or so.

You can save about £1,000 over the life of a policy as opposed to from an insurer or a bank. You’re likely to get better advice from these companies.

• Cavendish
• Moneyworld
• Money Minder