Execution Only Life Insurance…

There is no doubt that arranging your life insurance online can save you a lot of money, but should you opt for an execution only life insurance service? When you can get free professional advice, along with the most suited cover at the lowest fixed price, we don’t think so! 

“Execution only” is a term introduced by the financial services regulator to describe sales where a consumer has requested a specific product – and has chosen not to receive advice at that time.

Sure, most of us go online to not only save money but for the convenience of it. But without taking financial advice on your online quotes, how do you know you are getting the best cover and the most suitable option for you?

The best of both world’s

Onequote.ie, not only match any market insurer quote and then apply discount, we provide free impartial advice to ensure that your get the best and most suited cover, along with the lowest price!

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The advantage of taking advice

The core benefit of any life insurance policy is the same, a tax-free lump sum payment on death, but taking advice opens up your options, allowing for:

  1. Added features at no extra cost.
  2. Flexibility with inreasing, or extending cover.
  3. Confidence in the best best market comparison price.

What advice involves?

Getting advice does not meaning having to arrange a meeting, or being sold extra cover. Good advice means discussing the best priced quote to ensure that it meets your needs.

How to recognise execution only offers

Execution only life insurance can be offered by certain online financial brokers, as well as by insurer and bank websites.

To check if your quote is based on an execution only service, simple click on the terms of business, on their website.

In summary:

  • Execution only online financial brokers, may quote a variety of policy and prices, but they don’t provide advice.
  • Online bank and insurer websites offer only one insurer product, with some offering a discount price, but only against their own product and offer no advice.

See also:

How to choose a financial adviser.

Why to avoid, no frills life insurance.

Ken O’Gorman – QFA

OneQuote.ie – Smart Financial Protection