Type of life/critical cover required- brain fried!

Boo3011

My brain is fried...
I've been looking at lots of different options and now am more confused than when I started. Phoned a few places after advice but all I seem to be ending up with is their quotes or an email with a link to xyz!!!
I'm a single mum aged 39... 2 kids aged 11 and 15 ... No mortgage to cover I rent.
Basically what's best for me? Whole life? Fixed term? With no mortgage what kind of figures should I be looking at as pay outs? Lump sum or monthly amounts?
I want life cover and critical illness covers.
Advice please

dunstonh

Basically what's best for me? Whole life? Fixed term? With no mortgage what kind of figures should I be looking at as pay outs? Lump sum or monthly amounts?
I want life cover and critical illness covers.

What is best is probably life assurance and permanent health insurance. CIC would normally pop on the list after those.

Basically what's best for me? Whole life? Fixed term?

For most people it is term assurance.

With no mortgage what kind of figures should I be looking at as pay outs? Lump sum or monthly amounts?

Generically, monthly should be cheaper. However, less providers offer family income benefit and will probably find that level term assurance is better value for money.

Typically you look to cover the children until the youngest is 25 as they should be out of your hair by then. Although some may go longer as children are staying at home longer than in the past.

The amount should be based on the cost of them being cared for. This will largely depend on who would be caring for them.

Boo3011

Thank you...
Before I started getting confused it was level term cover I was looking at and considered around age 25 would be a good cut off age. I was thinking a lump payment may suit best as its then up to them what they do with it, they may be an age they learning to drive, university, buying a house etc so a lump cash injection could be helpful, if not its then there to invest if they wish.
I would assume they'd go to live with their Dad who would also become financially responsible for them.
The amount off payout confuses me too, its not like there is a mortgage to pay off and I have little debt at all.... went with the idea that my bills are approx. £1000 per month so £12k a year therefore £60-75k payout would hopefully be a sensible estimate to provide support for about 5 years (but not allowing for inflation of living costs)
Do you think I'm on the right lines??