The internet has made a huge difference to the lives of so many people, in so many different ways, and just one of the ways in which it’s changed people’s lives is by allowing them to save money on their life insurance.
With better technology, the ability to effectively compare prices has come so customers who buy life insurance from companies like Red Squirrel are able to save themselves thousands of pounds by simply shopping online and finding the right policy at the right price.
Simon buys life insurance from his bank. He’s quoted £20 a month for £150,000 worth of cover over a 25 year period. He’s banked with the same bank for years and years and has always stayed loyal to them, so he doesn’t bother shopping around assuming that he’s got the best deal from the bank. Over the 25 years of the policy Simon will spend £6000 on his life insurance cover.
His friend Robin on the other hand is offered the same policy by the bank but decides to go home and use the internet to make sure he finds the best deal for himself. He goes to Red Squirrel and spends just five minutes filling in his details before being presented with a range of different quotes from the leading insurance providers.
One of the quotes is for just £10 a month, for the exact same level of cover. Robin is able to click straight through to buy the cover from the cheapest provider, reading up on the benefits and features of the cover at the same time. Over the 25 years of the policy Robin will pay just £3000, making a saving of £3000 and paying half of what Simon will have.
The benefits of shopping around for your life insurance can be huge and with the comparison taking just a few minutes anyone would be mad not too.
RSQ Online Limited t/a Red Squirrel is authorised and regulated by the Financial Conduct Authority under registration number 747025 as an appointed representative of Dragon Brokers Limited and regulated by the Financial Conduct Authority under registration number 599430 ICO registration ZA185911. For comparing quotes online, help, guidance and advice RSQ Online t/a Red Squirrel introduces customers to Cavendish Online Ltd Cavendish Online Ltd is authorised and regulated by the Financial Conduct Authority. Firm register number 46938. Cavendish Online Ltd is registered in England & Wales no. 04045709. Registered Office Address: 20 Cathedral Yard, Exeter EX1 1HB . The information, guidance and / or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
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