What Does a Life Insurance Broker Do

What Does a Life Insurance Broker Do

We don’t really want to think about it too often, but there will come a very sad and traumatic time in the future when we stop living and we die. When this happens, people we know, those we shared our lives with are left behind: family, friends, and colleagues, pets.

Life Insurance and providing security for loved ones can ease the financial burdens on those who live on. It is possible to forget about renewing a life insurance policy as well, so it is important to make sure life insurance is in place, just in-case something terminal should happen.

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It can be very difficult to decide which life insurance is best for your situation though, and naturally you will want to do it right and so a life insurance broker can help you with this.

What Can a Life Insurance Broker Do?

Finding the right life insurance can be a hassle, especially if you’re not certain about what exactly it is you need. A life insurance broker can help you with advice, a free quote and can guide you from start to finish. Generally, a life insurance broker will ask you questions about you and your circumstances and will then carry out in depth searches to find the best life insurance policies. Best options will be presented to you, which can then be discussed.

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Differences – Life Insurance Broker and Life Insurance Agent

The main difference between a broker and an agent, is the party that they represent. A life insurance broker has the interest of the consumer in mind.

A life insurance agent, on the other hand, typically works for an insurance company. They will want to ensure that you choose one of their own insurance products and unfortunately, the agent might not always be able to present you with an insurance product that fits your needs.

Benefits of Using a Life Insurance Broker

Using a life insurance broker can mean you will save money. A life insurance broker will not charge any fees for their advice or for finding life insurance quotes. They receive a commission from the insurance company you choose to go ahead with. A life insurance broker will go above and beyond to get you the best deal on the market for the best price.

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Furthermore, you won’t have to spend hours researching all the different insurance companies and insurance policies that are out there. The broker will do that for you.

A life insurance broker is also best positioned to suggest best deals for critical illness and other life insurance related products. If anything is too complex for you to understand, a broker is there to help you to explain, to understand, to simplify the process.

You will save a lot of time and stress by making use of a life insurance broker. It can give you a lot of peace of mind once you finally have a life insurance policy in place. You will know that your loved ones won’t be left with any debts after you die.

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A good broker will be able to answer any questions you have. This way, you can be 100% sure that the life policy you take out will fit your needs.

Things to Look Out for When Choosing a Life Insurance Broker

Arranging a life insurance policy isn’t something you do on a regular basis. Make sure your life insurance broker is FCA (Financial Conduct Authority) registered and knows what to do. A life insurance broker should be credible and qualified and should be well up on correct policy and procedure. If a life insurance broker stops trading, you don’t lose money or your policy – you will still have protection.


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Questions to Ask a Life Insurance Broker

There are different life insurance brokers out there, in different cities and different towns across England and the UK. They each have their own qualifications and experiences.

  1. What qualifications should a life insurance broker have? Insurances can be very complex, and it’s not unreasonable to assume that the more qualifications your brokers has, the more knowledgeable they are in the industry. Of course, new brokers might not have much experience, but they will be qualified. If you don’t like how things are going, you can always opt out of his services and call another broker.
  2. Is the insurance broker independent and able to access the entire insurance market. When you’re working with a tied broker, he or she has a smaller number of insurers to contact, meaning you won’t have as much choice as you have with an independent broker.
  3. Make sure a broker has your best interests at heart. You are free to ask the broker how he or she makes money – they are obliged to answer this question by law. A broker is also obliged to say how much commission they make on any deal. You can tell by the way the broker answers this question whether he has your best interest at heart, or is just trying to steer you towards an expensive insurance so he can get a higher commission.
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Prime Financial Solutions and Mortgages Ltd

If you need help with Life Insurance and any of the following, Prime can help – telephone 01942 665 436:



Setting up a life insurance policy is not always an easy thing to do on your own – a lot of people benefit from being guided from start to finish. At Prime you always have an exceptional FCA approved team of life insurance & mortgage specialists at your disposal – with you at every stage of your journey. We provide excellent one to one services tailor made to your own individual needs and we make your time with us hassle free – we do all the heavy lifting for you so you can still focus on your day to day life.

Prime is proud of the reputation it has built over many years, and this is largely reflected through the positive reviews we receive on a regular basis from customers in Wigan and across the UK, on Trust Pilot and Google and online.

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Perhaps you have further questions you would like answers to? Like..what do I do next?, where can I get a life insurance quote? Can you find an insurer for me? What can I do to find the best possible insurance policy? Our dedicated team has the advice and answers to your questions.

Life Insurance is the simplest, most popular and best way to ensure your family is taken care of in the event of your death – don’t wait until it’s too late. You can find out more about us here  so if you need help with anything involving Life Insurance and Mortgages, Prime can help. Click here to Get a Life Insurance Quote or use our quick contact form. You can also telephone our friendly dedicated team 01942 665436