Life Insurance for First Time Buyer

TiberUK

I am a FTB. I can cope with getting building insurance on my own but didn't know where to start with life insurance. We ended up applying for life insurance, critical illness and income protection. I previously assumed that you just bought life insurance so I am glad we spoke to a broker for this - despite going directly to the bank for our mortgage

The broker pushed LV, Aviva and AIG particularly strongly

Weighty1

TiberUK wrote: »

I am a FTB. I can cope with getting building insurance on my own but didn't know where to start with life insurance. We ended up applying for life insurance, critical illness and income protection. I previously assumed that you just bought life insurance so I am glad we spoke to a broker for this - despite going directly to the bank for our mortgage

The broker pushed LV, Aviva and AIG particularly strongly

You might want to start your own thread rather than hijacking the OP's, however, LV, Aviva and AIG have some particularly strong offerings with some very useful benefits added to their plans so a recommendation of those companies alone would not cause me any concern.

Weighty1

jhonpaul wrote: »

Hi,The main thing is that when you buy life insurance policy you need to do back ground check of a company that's selling you the company. After all you can place your trust in the company before providing them with so many personal details.The financial position and reputation of the company, existing client and recommendations from previous clients are indicators.For starters life insurance polices will be two types term life and whole life lasts only the fixed period of time and whole of life policy lasts till you die.term life policies will be expensive compared to whole of life.Taking this of insurance along with your mortgage. It usually starts to pay your mortgage repayments three months that after your earnings stop and continues to pay out.

What an absolute load of rubbish!

SonOf

Weighty1 wrote: »

What an absolute load of rubbish!

I think it is a bot posting. Every post they make it is a collection of words rather than coherent sentences and they are usually full of errors.