Term insurance policys taken out more than two years ago could mean that clients are paying almost twice as much as they need to. Prices have dropped due to increased longevity, low interest rates and increased competition among providers.
The moneynet site shows the entire life assurance market,and allows users to source the best deals.
Richard Brown, managing director of moneynet, said: "Whether they are looking to switch providers to get a better deal or are buying life assurance for the first time, users will be able to identify where savings could be made."
