A new survey conducted by Clearview and undertaken by RGA Reinsurance has found that purchasing life insurance through an adviser like Jarickson is more affordable than going directly through an insurance company.
The results of the survey showed that the adviser channel cost is only several pricing points ,while direct distribution from insurers is higher at 8 pricing points.
The survey used a rising pricing scale of one to 31 to rank insurance costs.
The United Kingdom was rated the cheapest for life insurance sold through advisers with Australia coming in second. Japan was ranked the most expensive.
Managing Director of ClearView, Simon Swanson said that the results were proof that Australian life insurers offer highly competitive rates when compared with global peers.
“Life insurance sold by advisers in Australia, Hong Kong, South Africa and UK provided cheaper premiums than the direct channel,” he said.
“The UK market appears to have evolved to a point where small sums insured are sold via direct channels with limited underwriting and large sums insured are sold via advisers with detailed underwriting.”
This is just another reason to consider Jarickson to obtain advice and quotes on Life insurance and Income Protection. Jarickson looks at a large variety of insurers to get the best possible outcome for you, your pocket and your piece of mind.
Call 1800 674 435 or Email one of our consultants today.