Joint life insurance, best deal?

sebastianj

Is there a life insurance that pays out a bit at the end of the term for the over 50's? It is the 'just in case' element that the insurance for. If nothing bad happens then a hokiday at the end of the term will be good.
Term of allowed insurance about 16years.
seb

dunstonh

Is there a life insurance that pays out a bit at the end of the term for the over 50's?

not many endowments left nowadays. Little point of them today given modern investment products (like ISAs).

If nothing bad happens then a hokiday at the end of the term will be good.

Split the money into a Stocks and shares ISA and a term assurance. You get the same effect as endowment but more tax efficient and with better investment choice and better value life assurance.

sebastianj

Many thanks Dunstonh,
Regarding stocks and shares ISA, I lost £15k my pension savings when I decided to deal my self and bought into the old Telewest. Bank and dealing charges ate away the last remaining pennies.
I don't know of any ISA shares where people have made any money only the !!!!!!s, sorry the Bankers did.
seb

dunstonh

Regarding stocks and shares ISA, I lost £15k my pension savings when I decided to deal my self and bought into the old Telewest. Bank and dealing charges ate away the last remaining pennies.

Thats nothing to do with the S&S ISA though. Thats because it was high risk and too much in a single share.

I don't know of any ISA shares where people have made any money only the !!!!!!s, sorry the Bankers did.

The vast majority of people do. The S&S ISA wrapper doesnt make or lose money. The investments you hold within the ISA do that. There are tens of thousands of investment options ranging from low risk investments (some with guarantees) through medium to high to even speculative. You shouldnt measure the product by one bad investment that was high risk.

sebastianj

Thanks again Dunstonh,
I am going for the options you suggested, I think that is the most sensible way forward. Little life cover and a bit in savings, looking at ISA now.
seb