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230k worth of life cover for £15 per month..?

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Shinds
Shinds Posts: 449 Forumite
Part of the Furniture
in Insurance & life assurance
Hi all,

A colleague at work has managed to get a Life Insurance policy for £15 per month... He informs that he has £230k worth of cover...

Can this be right..?

It sounds really cheap....

Comments

  • dunstonh
    dunstonh Posts: 119,688 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Depends on his age. Somoene in their 20s would be priced around that level.

    Or he could have made the mistake of buying accidental death cover rather than full life cover. ;)
    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.
  • jonathan_hope
    jonathan_hope Posts: 4 Newbie
    Hi

    I watched Watchdog the other night when it covered Critical illness cover with the Halifax. I have got mine with the Halifax and now want to change as the cover only payed out on limited illnesses. Can anybody recommend a good policy which has good coverage.

    This is my first visit so apologies if I have done anything incorrect.

    Thanks

    Jonathan
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