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With profits life insurance????
Thursdays_child_3
Posts: 477 Forumite
We would like to take out a life cover insurance??? We don't need any mortgage protection or critical illness. What we have had is paying a fixed sum over 10 years and getting a sum back at the end with profits. Is this type of insurance still available and if not, what is recommended for a sixty year old.
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Comments
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Endowments are virtually obsolete now. You either do savings/investments for saving/investing or you do a life assurnace policy. You dont mix the two.
What would be recommended would be the product that suits your need. This would either be a term assurance/whole of life assurance and/or and ISA.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.0 -
I am a little clearer now, thank you, but do you have any advice on where to look for this term/whole of life assurance?
I think we okay about finding an ISA.0 -
Thursdays_child wrote: »I am a little clearer now, thank you, but do you have any advice on where to look for this term/whole of life assurance?
I think we okay about finding an ISA.
:j
I would also like to know where to look for term/whole of life assurance?
If you see someone without a smile give them one of yours, It wont cost you anything! 0 -
Any IFA. Online or offline.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.0
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