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  • FIRST POST
    • ktcoil
    • By ktcoil 11th Jul 17, 8:43 AM
    • 465Posts
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    ktcoil
    Good life insurance?
    • #1
    • 11th Jul 17, 8:43 AM
    Good life insurance? 11th Jul 17 at 8:43 AM
    Hi Guys


    Can anyone recommend a life insurance, we did a joint life insurance quote with Legal and general and it was £36 per month, if this about right? they also have a deal that you receive a £75 m&s card after 4 months, or is it best to do individually?


    This price was not for illness either, also when it asks the question about mortgage do I put the full amount ie £125,000 or would I put half so £62,500? I would be leaving it to my partners name and vice versa.


    thanks
Page 1
    • Malthusian
    • By Malthusian 11th Jul 17, 10:20 AM
    • 2,391 Posts
    • 3,313 Thanks
    Malthusian
    • #2
    • 11th Jul 17, 10:20 AM
    • #2
    • 11th Jul 17, 10:20 AM
    L&G are generally competitive but we can't have any idea whether it's a good quote or not when you haven't said how much the cover is, how long, how old you both are and whether you have any health or lifestyle issues. Get a comparison from a comparison website or an independent broker.

    The M&S card should be ignored as £75 over the course of a normal life cover policy will amount to pennies per month, assuming you even remember to claim it and then spend it. Go for the most competitive quote.

    It's not clear whether you're asking what the sum assured should be or whether the mortgage question is just for the insurer's records, but either way you should put the full amount assuming you want the partner to be able to pay off the mortgage in full should the worst happen.
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