life assurance - choice of insurer

T

tsuzmir

Guest
got 2 very similar quotes for life assurance from aviva and zurich. is there any reason i should favour one over the other? terms and conditions are same, premium difference is 37c per annum...
 
Do not confine it to two. Google a few more companies and online brokers and you will probably do better than either of them. Make sure that you are giving the same correct information to each of them and getting the same package of cover. This way you can compare like with like.
 

i got loads of quotes Dermot, been shopping around for a while. these are 2 cheapest ones i got. i wouldnt have a problem if one was significantly cheaper then others, just because of the fact that 2 of them came so close, i wonder should i sacrifice the few cents per annum for any particular reason i am not aware of now... (if that makes any sense)
 
It seems that you have your homework done tsuzmir. I cannot say I would have a preference with one over the other in that scenario. Sorry I cannot be more helpful. Go with your gut feeling. Best of luck
 
i found my cheapest one from Irish Life. Not sure if this is true or not, but i was told by them that is cheaper is i buy the same product from a broker.Maybe is worth it to check it with them too, if u haven't done it already
 
i used a chill.ie to compare all the insurance comanys on there website. then used another crowd smartqutos.ie to actualy buy the insurance as they give up 70% back of your first years perium.

we had loading on ours for my partner because of her bmi. 50% extra and one of the cheaper providers wants to load 100% and for her to do a medical.
 
irbx said:
i used a chill.ie to compare all the insurance comanys on there website. then used another crowd smartqutos.ie to actualy buy the insurance as they give up 70% back of your first years perium...
Click to expand...

That sounds like a very wise move ....

There appears to be significant commission paid to brokers, for selling life cover. I was informed that it can be up to 90% of Year 1 premiums, with further commissions when the policy reaches certain milestones (i.e. Year 5 etc) - that seems a lot.

Is there anything to prevent you from repeating the above in future years, again checking the quotes from competitor companies and moving to the cheapest one (ideally, getting part of the brokers commission back, along the way) ?

Thank you.
 
i guess not stopping you doing it . but with life insurance you have to disclose all you medical facts and could see you perium going up or been refused.

but will check into it a few years time
 
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