Life insurance news indicates that price comparison switching company uSwitch are expanding into the life insurance sector, with a new insurance comparison service.
The fresh new channel will allow consumers to search the whole of market, both for life insurance and critical illness insurance . Using relatively new underwriting technology, customers that apply online could be insured within a 24 hour period. Furthermore, using telephone express underwriting, customers could be insured instantly.
The head of personal finance at uSwitch, Simeon Linstead, was reported in the news as commenting: "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 ‘current costed' products - so there are no nasty shocks in store as the customer gets older."




