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What type of insurance? very confused
jackkelly
Posts: 130 Forumite
Hi all hoping someone can point me in the right direction.
Me and my husband are ftb's with 2 children under 5. My husband has recently left armed forces with imediate pension approx £6000 pa guaranteed, I work for nhs and have always contributed to my pension and get death in service aswell 3x current salary. Although this is not enough to clear our mortgage £145000, I was thinking of getting decreasing terms cover plus critical illness, accident and unemployment cover.
How does this sound we have a budget of about £100 pm to cover insurances and want to get value for money, basically if the worst happened, death or heart attack, cancer mortgage paid off, and cover if we lost main income whilist we found a new job.
Any advice gratefully received as I seem to be getiing more and more
Cheers
Me and my husband are ftb's with 2 children under 5. My husband has recently left armed forces with imediate pension approx £6000 pa guaranteed, I work for nhs and have always contributed to my pension and get death in service aswell 3x current salary. Although this is not enough to clear our mortgage £145000, I was thinking of getting decreasing terms cover plus critical illness, accident and unemployment cover.
How does this sound we have a budget of about £100 pm to cover insurances and want to get value for money, basically if the worst happened, death or heart attack, cancer mortgage paid off, and cover if we lost main income whilist we found a new job.
Any advice gratefully received as I seem to be getiing more and more
Cheers
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