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Best Life Insurance Options

Hi there,

I've never posted on here before but have read plenty, I am a 26 year old man with a child on the way, I am unsure as to what my best life insurance options would be as looking to the future I would like to leave my child/children something when I pass away.

I am an occasional smoker and occasional dtinker, other than that I live a fairly healthy lifestyle.

I look forward to all of your input :)

Thanks guys:money:

Comments

  • dunstonh
    dunstonh Posts: 121,263 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    The UK has around 13 different types of life assurance. Although most are no longer mainstream.

    The mainstream options tend to be decreasing term assurance, level term assurance and family income benefit. Each is very different in what it aims to cover and payout. So, they are the three you should look at and pick from them the one that fits your circumstances. Don't forget to place the life assurance in trust.
    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.
  • Thankyou for your reply, I'll have a look at them this evening :)
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