Is it worth it to get quick and easy life insurance?
Convenience is nice, but using an adviser might save you money in the long run
Buying life cover directly through a website or an app is often touted as being quick and easy. It can be, if you know what cover you need and if you know what to look for in a policy document. But even if you don't, it is much better to have some cover rather than none at all, so signing up for some cover online is probably better than sticking your head in the sand. Direct cover has been advertised as being cheaper as it cuts out the adviser cost. The jury is out on that as many factors are at play, but it is significant that one of SA's first direct insurers, 1Life, is now offering its cover through a platform targeted at financial advisers. Kobus Wentzel, head of distribution at 1Life, says 1Life Vantage life assurance and investment platform is a paperless, cloud-based mobile application that can deliver a life policy in 35 minutes, giving advisers more time to focus on advice and drawing up a financial plan for you.Wentzel says getting a life policy from a traditional ass...
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