The United Kingdom life insurance market is extensive and mature with several large companies and many smaller businesses offering more specialist insurance products. If you are looking for cheap life insurance you could start with your local supermarket.
It may seem strange to suggest your local supermarket for these type of products however over the past five years supermarkets including Tesco's, Asda and Morrisions are all offering insurance products to their enormous client banks.
All the supermarkets are in fact brokers, they introduce business to the large insurance companies - in real terms if you purchase life products form a supermarket you will in fact purchase insurance from one of the leading life companies.
Supermarkets have also partnered with the leading banks, this relationship however has weakened as the leading supermarket brands are looking to open bank branches themselves. The supermarkets have intimated the bank branches will be opened in side the existing locations and will not be stand alone.
Gaining quotations for your insurance is key to success in finding cheap life insurance and looking at what your local supermarket can offer is a good start. Please bear in mind you will not receive any advice and you will be limited to the offerings of one company.
Make a start - I would advise contacting a local insurance specialist - tell them the quotation you have researched and ask them to beat it. The outcome maybe you get the same price with advice - at best you get a better price and financial advice.
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