Product category:
Protection
News Release from: uSwitch | Subject: Life insurance
Edited by the Insidemoneytalk Editorial
Team on 21 April 2008
uSwitch.com launches life insurance
price comparison service
uSwitch.com, the independent price comparison and switching service, is expanding its range of products with the launch of its new life insurance comparison channel.
The service will enable consumers to search the whole of the life insurance and critical illness market to help them find a competitively priced policy to suit their needs In many cases customers who apply and complete the medical underwriting questionnaire online will be able to place their policy on risk within 24 hours
This article was originally published on Insidemoneytalk on 23 Mar 2006 at 8.00am (UK)
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However, there is also an 'Express Underwriting' telephone service which enables some customers to get immediate cover.
uSwitch.com's new service will not offer 'current costed' cover - policies where a customer's life insurance premium increases with age - as with such cover there is a high risk that consumers will not understand the total cost of the policy over its full term.
The new life insurance service will display the key features for each product, from each provider, so consumers will not have to go through to the provider's website to obtain further information.
Throughout the application process, consumers are continually reminded of the importance of providing full and accurate medical details in order to ensure that the policy is valid in the event of a claim.
The 'Express Underwriting' service is being provided by uSwitch.com's partner, Direct Life and Pension Services.
This service supports full disclosure as well as aiding the customer through the whole underwriting process, whatever their preferred application route.
Simeon Linstead, Head of Personal Finance at uSwitch.com, said: "This is all about helping consumers to search the market for a life insurance policy to suit their needs.
It will be a quick and simple one-stop shop application service.
The medical underwriting is straightforward and customers can be covered instantly in some cases.
Unlike other life insurance services, we won't offer andlsquo;current costed' products - so there are no nasty shocks in store as the customer gets older." For more information visit www.uSwitch.com or call 0800 093 06 07.
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