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Mortgage Life Assurance

Hi,

Does £30 a month sound reasonable for Mortgage life assurance for two people on a £122500 mortgage? We are both in our early twenties, first time buyers.

Comments

  • dunstonh
    dunstonh Posts: 121,263 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Seems expensive but it would depend on what addons you have.
    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.
  • Cristy
    Cristy Posts: 173 Forumite
    Is it life and critical illness or just life?

    If the former, it is quite cheap!
  • UK007BullDog
    UK007BullDog Posts: 2,607 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Smokers or non smokers?
  • michsmit
    michsmit Posts: 55 Forumite
    Part of the Furniture Combo Breaker
    Non-smokers, not sure if it includes critical illness.
  • UK007BullDog
    UK007BullDog Posts: 2,607 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Have they not given you the quote aqnd the key features it should say on there what you are supposed to pay for.

    If you dont then do some googling or try some of the websites Martin promotes on this site.

    Or call up some brokers to email you quotes.

    Read up on Life insurance and Critical illness so you understand what you are buying.
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