How we find the best insurance policy for you

How do we find the best policy for you?

The first step is to have a conversation with you to
understand your needs and requirements.

The best policy for you takes into account:

• your required payout figure
• how much you can afford to pay
• which inclusions and benefits you need
• how to best structure your premium
  from a tax point of view
• how best to structure your premium
  from a payout point of view
• if you have or have had health issues.

In the beginning we use a special insurance quoting tool to discuss various options and to assess which insurance mix is best for you.

We then check which insurance company offers you (with your unique variables) the best value.

Depending on your age, gender, profession and preferred insurance mix we usually find that one of our eight preferred insurance companies offers a clearly better deal than all the others.

The linked page below explains the next steps after we have agreed which insurance policy or combination of policies is  best for you:  
How we look after you and how we get paid

Existing policies

If you have an existing policy with another advisor we are very happy to review it for you.

Here are some actual examples of policies we have improved

There is no charge for our insurance services .

Which insurance companies do we use?

Prior to taking out insurance with any company we consider the following questions:

1. Will the insurance company still be around at claim time and will it be in a position to honour its obligations.
   This is determined by the ratings, financial stability and quality of management of the provider.
    
2. The integrity of the insurance company.
   Specifically, has the insurance company consistently paid out claims and provided excellent service to its customers.
   This comes down to the experience of your broker and their licensor (in our case that is FYG and we have a combined 250 years of experience).
   There is no point in having a low premium if a claim is denied or contested.
    
3. The terms, conditions and renewal terms of the policy being offered.
   Terms offered by the insurance companies vary significantly. It is vital to understand the precise extent of the cover that is being offered. Have a look at our Top 10 Tips for more details about this.
   Your ability to renew your insurance for as long as you would like is essential.
   We prefer to only recommend guaranteed renewable policies with an expiry date that is at or after your preferred retirement date.

Based upon all of the above we currently use the eight insurers listed below. Each is either a major multinational life office, a major bank subsidiary or has a substantial global parent.