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A little bit of advice needed, please
Joe_Millionaire
Posts: 566 Forumite
I am looking at getting Level term Life insurance but am unsure I am fully understanding it all
I am looking at £150,000 Cover over 20 Years for my wife and I.
If I go through Cavendish to Norwich Union for a quick quote it will cost £10.57
Plus their fee of £25.00
OR
I go through Cavendish for a quote and come out with Friends Provident for £10.81
(Norwich Union is £11.15) Plus their fee of £35.00
Alls I would like is, if something was to happen to one of us the other one was able to pay of the mortgage and have a little over to help them get by.
When it comes to below what should I be looking at?
Product Type
TermMortgage ProtectionFamily Income Benefit
Benefit Type
Death Benefit OnlyCritical Illness OnlyDeath or Earlier Critical Illness
Premium Frequency
MonthlyAnnually
Term
Years
Premium Driven
Benefit Driven
Thanks
Max Millionaire
191 007
:T :T :T :T :T :T :T :T :T :T
0
Comments
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Alls I would like is, if something was to happen to one of us the other one was able to pay of the mortgage and have a little over to help them get by.
When you say "something" are you referring to death?
Or do you want to cover sickness/accident.
Do you know what both of your employers provide in the way of death benefits and sick pay?
Do either of you have any pensions?
Do you know what these pensions will provide on death before retirement? (they usually provide a pension for dependents and/or a lump sum).0 -
When you say "something" are you referring to death?
Or do you want to cover sickness/accident.
Do you know what both of your employers provide in the way of death benefits and sick pay?
Do either of you have any pensions?
Do you know what these pensions will provide on death before retirement? (they usually provide a pension for dependents and/or a lump sum).
Something is DEATH
Do you know what both of your employers provide in the way of death benefits and sick pay?
NO
Do either of you have any pensions?
NO
This is why I need to get it sorted
Max Millionaire191 007:T :T :T :T :T :T :T :T :T :T0 -
Can anyone advise me If I am correct to go ahead with the joing policy.
Can they be cancelled?Max Millionaire191 007:T :T :T :T :T :T :T :T :T :T0 -
Doesd anyone know anything about Life Insurance?Max Millionaire191 007:T :T :T :T :T :T :T :T :T :T0
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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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Joe_Millionaire wrote: »Do you know what both of your employers provide in the way of death benefits and sick pay?
NO
I would suggest you find out what cover you may already have in place and then decide what level may be required.0 -
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I would suggest you find out what cover you may already have in place and then decide what level may be required.
Would this make a difference?
Unless it is a large amount that I am covered for, could it not be an additional bonus if 1 of us dies?
Sounds bad when you say it like that.:eek:Max Millionaire191 007:T :T :T :T :T :T :T :T :T :T0
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