We have said this before and we will say it again, you can save thousands of pounds by paying a fixed fee for nil commission life insurance. In the examples below you could save between £4,000 and £5,000 in premiums or get over £150,000 more life insurance cover for the same premium.
Take a look at the figures below (all correct as at 9 March 2023).
Life Insurance - Save Money with Cheaper Premiums:
Male non-smoker, born on 09/03/1963 (age 60), retired, £200,000 life cover, policy duration is 25 years, premiums are guaranteed. |
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Provider |
Premium pm full commission |
Commissions Payable |
Premium pm with Nil Commission |
Monthly Saving |
Our Fee |
Break even (months) |
Break even (years) |
Insurer 1 |
£113.82 |
£2,419.27 |
£92.97 |
£20.85 |
£998.25 |
47.88 |
3.99 |
Insurer 2 |
£113.89 |
£2,162.59 |
£91.41 |
£22.48 |
£998.25 |
44.41 |
3.70 |
Insurer 3 |
£116.96 |
£2,353.25 |
£90.03 |
£26.93 |
£998.25 |
37.07 |
3.09 |
Insurer 4 |
£118.44 |
£3,084.00 |
£92.88 |
£25.56 |
£998.25 |
39.06 |
3.25 |
Insurer 5 |
£121.01 |
£2,396.01 |
£96.81 |
£24.20 |
£998.25 |
41.25 |
3.44 |
Top 5 cheapest providers that offer both full commission and zero commission terms. Source: iPipeline Comparison Service. |
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Paying a fee and you break even on this at between 3-4 years and then you have cheaper life insurance for the remaining 21 years or so, saving you say £20.85 per month X 21 years = £5,254 in premiums.
Get a Fee Quote: Up to £250k
Life Insurance - Much Larger Sum Assured for Same Premium:
Male non-smoker, born on 09/03/1963 (age 60), retired, £250 pm premium for life cover, policy duration is 25 years, premiums are guaranteed. |
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Provider |
Sum Assured for £250pm premium |
Commissions Payable |
Sum Assured for £250pm premium with Nil Commission |
Additional Cover on Nil Commission |
Our Fee |
|
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Insurer 1 |
£473,879 |
£5,143.34 |
£628,628 |
£154,749 |
£998.25 |
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Insurer 2 |
£468,790 |
£5,313.81 |
£575,269 |
£106,479 |
£998.25 |
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Insurer 3 |
£458,574 |
£6,510.24 |
£586,048 |
£127,474 |
£998.25 |
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Insurer 4 |
£423,646 |
£4,623.49 |
£509,918 |
£86,272 |
£998.25 |
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Insurer 5 |
£401,068 |
£4,698.54 |
£522,766 |
£121,698 |
£998.25 |
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Top 5 largest sum assured offered by providers that offer both full commission and zero commission terms. Source: iPipeline Comparison Service. |
By paying a fee for a nil commission-based policy, in this example you can get up to £154,749 more life insurance for the same monthly premium of £250.00 pm.
Get a Fee Quote: Up to £250k
Income Protection/Sickness Insurance - Save Money with Cheaper Premiums:
Male non-smoker, born on 09/03/1973 (age 50), office worker, £3,000 pm income protection increasing by RPI, Deferred for 4 Weeks, ending age 65. |
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Provider |
Premium pm full commission |
Commissions Payable |
Premium pm with Nil Commission |
Monthly Saving |
Our Fee |
Break even (months) |
Break even (years) |
Insurer 1 |
£149.54 |
£2,325.12 |
£119.79 |
£29.75 |
£1,197.90 |
40.27 |
3.36 |
Insurer 2 |
£158.46 |
£2,552.68 |
£122.55 |
£35.91 |
£1,197.90 |
33.36 |
2.78 |
Insurer 3 |
£170.87 |
£3,784.64 |
£135.13 |
£35.74 |
£1,197.90 |
33.52 |
2.79 |
Insurer 4 |
£209.87 |
£4,361.51 |
£153.44 |
£56.43 |
£1,197.90 |
21.23 |
1.77 |
Insurer 5 |
£214.38 |
£5,942.40 |
£160.10 |
£54.28 |
£1,197.90 |
22.07 |
1.84 |
Top 5 cheapest providers that offer both full commission and zero commission terms. Source: iPipeline Comparison Service. |
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Paying a fee and you break even on this at between 2-3 years and then you have cheaper income protection insurance for the remaining 12 years or so, saving you say £29.75 per month X 12 years = £4,284 in premiums.
Get a Fee Quote: Income
We repeat you can save thousands of pounds by paying a fixed fee for nil commission life insurance. In the examples above you could save between £4,000 and £5,000 in premiums or get over £150,000 more life insurance cover for the same premium. Talk to us today about fixed fee long term life and income protection insurance.