want to take out life cover, but I would like to understand the difference between buying online – from 1LifeDirect for example – or going through an adviser. Is it cheaper to go direct?
Also, if my parents have life cover, can I continue to make those monthly payments?
Both direct life insurance and insurance provided through an adviser have a place in meeting potential customers’ financial needs.
Customers who know what their life insurance needs are could buy direct products fairly comfortably, whereas those who do not know what cover would suit them best should consider an adviser instead.
An adviser is also recommended if you do not understand the life products on offer.
It is important, however, to dispel the myth that online is necessarily cheaper. These products generally require significantly more advertising, so prices could easily be the same as for those who pay commission to