An optional dilemma

Re-broking used to be common practice thanks to falling premium rates and widening cover. However, now that premium rates for life assurance are more settled, critical illness (CI) rates have increased and the cover looks set to tighten, the decision to replace an existing policy is no longer so simple. The decision to re-broke or not comes down to whether it makes sense to keep the original policy in force and top it up as required, or to recommend a replacement policy for the amount of cover the client now requires. Best interests On the face of it, some advisers may look to simpli...