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Do I need life insurance?

gettingsorted08
gettingsorted08 Posts: 3 Newbie
in Insurance & life assurance
Hello,

Just need some advice about life insurance, myself and my partner took out cover when we bough our home in 2007, at the time, i had a full time job, since then, i have become a full time student receiving a bursary of £225.00 per month only. We pay £10.30 per month for the both of us, i don't qualify until June 2010, when i am searching for a new quote, should i look for a joint or single cover just for my husband as i don't know how my situation would affect it?

Thanks in advance

Comments

  • dunstonh
    dunstonh Posts: 121,292 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    when i am searching for a new quote, should i look for a joint or single cover just for my husband as i don't know how my situation would affect it?

    You cover your financial need. For some people that will mean a joint policy is fine. For others two single plans are required. Sometimes a joint plan and two singles are required. Sometimes 5 plans.

    This is why so many plans allow multiple segments nowadays as they make it so much easier to cover multiple needs and uneven requirements.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Hugh123
    Hugh123 Posts: 3 Newbie
    absolutely you need it ..i think so as it will help you and your family future.

    ____________________________________________________
    veterans financial
    Chatswood Real Estate
  • koexelek
    koexelek Posts: 7,847 Forumite
    Everyone needs life insurance, unless they have no debts, don't want to leave anyone any money, or are immortal :D
    I am a Mortgage adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • poppy_f1
    poppy_f1 Posts: 2,637 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Hugh123 wrote: »
    absolutely you need it ..i think so as it will help you and your family future.

    ____________________________________________________
    veterans financial
    Chatswood Real Estate


    your not allowed to advertise on here, i suggest you remove it
  • Wales4ever
    Wales4ever Posts: 27 Forumite
    Personally i would not
  • dunstonh
    dunstonh Posts: 121,292 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Wales4ever wrote: »
    Personally i would not

    would not what?
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Wutang_2
    Wutang_2 Posts: 2,513 Forumite
    dunstonh wrote: »
    would not what?

    Advertise??...I would marketing clearly works

    (if they mean "would not" take out life insurance then just ignore)
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
This discussion has been closed.
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