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Help U Cover - Life Cover
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# 1
Jit7
Old 06-01-2010, 3:38 PM
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Join Date: Oct 2009
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Default Help U Cover - Life Cover

Hi

I've been getting some quotes online for Life Cover with Legal & General and found that Help U Cover offer the same insurance (with L&G) but cheaper. I've been told its because they pass the commission back to the customer.

For peace of mind, has anyone taken out a policy with then and is it safe to do so?

Thanks in advance
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# 2
dunstonh
Old 06-01-2010, 3:43 PM
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Location: Norfolk
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Quote:
For peace of mind, has anyone taken out a policy with then and is it safe to do so?
Legal & general are a well regarded insurance company. They have some faults, as do all companies, but for life assurance they are fine.
I am a Financial Adviser. Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from a Financial Adviser local to you.
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# 3
Jit7
Old 06-01-2010, 3:48 PM
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What about Help U Cover - are they safe to use?
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# 4
OshayAway
Old 06-01-2010, 3:52 PM
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Quote:
Originally Posted by Jit7 View Post
What about Help U Cover - are they safe to use?
There are plenty of cheaper ones out there.
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# 5
dunstonh
Old 06-01-2010, 4:18 PM
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Quote:
Originally Posted by Jit7 View Post
What about Help U Cover - are they safe to use?
No different to any other IFA or protection only authorised firm out there.
I am a Financial Adviser. Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from a Financial Adviser local to you.
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# 6
uk_steve
Old 08-01-2010, 2:04 PM
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actually have just finally taken out a policy via them today with Liverpool Victoria

i have to say that Help U Cover was very good on telephone calls and letters

for me i have disability i had to have 2 telephone medical checks
in all its taken about 6 weeks to get the policy in place with LV

I'm assuming this is just 1 of them things i have to go through where ever i go

@ Dunstonh (only guide purposes here)

i have no children but been with my partner for a few years now and my partner is named in my Will

say for example 6mths down the line i die in a traincrash :-(

automaticly does my fixed lump sum amount on the ploicy go to my partner because she is in my will?

or do i need to set up anything to make sure it does because thats why i wanted to do this in the 1st place for her benefit (if the worse ever come)

thanks in advance
Oh well we only live once ;-)

Last edited by uk_steve; 08-01-2010 at 2:18 PM.
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# 7
dunstonh
Old 08-01-2010, 8:57 PM
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automaticly does my fixed lump sum amount on the ploicy go to my partner because she is in my will?
First it is paid to the executor of your estate. That in turn is distributed as per your will and tax. If the life policy is written in trust, then it is paid direct to the beneficiary outside of the estate and not included for tax. If its joint owner rather than single owner, then its paid to the surviving owner.
I am a Financial Adviser. Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from a Financial Adviser local to you.
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# 8
uk_steve
Old 09-01-2010, 3:01 PM
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Originally Posted by dunstonh View Post
First it is paid to the executor of your estate. That in turn is distributed as per your will and tax. If the life policy is written in trust, then it is paid direct to the beneficiary outside of the estate and not included for tax. If its joint owner rather than single owner, then its paid to the surviving owner.

thank you
Oh well we only live once ;-)

Last edited by uk_steve; 09-01-2010 at 3:04 PM.
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