• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • FREE webinar: What does a post IR35 reform CV look like? : Mon, May 10, 2021 7:15 PM - 8:15 PM BST More details here.

Life insurance

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    Life insurance

    Hi,

    Does anyone have life insurance for them and other half? I'm looking into getting individual policies for my wife and I and wanted to know if we would be able to put the policies into a trust half way the policy.

    VC

    #2
    Originally posted by VillageContractor View Post
    Hi,

    Does anyone have life insurance for them and other half? I'm looking into getting individual policies for my wife and I and wanted to know if we would be able to put the policies into a trust half way the policy.

    VC
    This is supposed to be called life assurance because it's definitely going to happen.

    Comment


      #3
      Speak to an IFA
      http://www.cih.org/news-article/disp...housing_market

      Comment


        #4
        There's no such thing as life insurance. Life assurance maybe...

        What you're looking for is called 'term insurance', something that pays out should something happen to the bread winner?
        "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

        Comment


          #5
          Originally posted by scooterscot View Post
          There's no such thing as life insurance. Life assurance maybe...

          What you're looking for is called 'term insurance', something that pays out should something happen to the bread winner?
          & watch out for policies that get "reviewed" as you get older - meaning the 200k get reduced to 150k
          How fortunate for governments that the people they administer don't think

          Comment


            #6
            Also beware an IFA who tries to sells a product attached to another. You're only after one product.
            "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

            Comment


              #7
              Legal & General - Putting your policy in trust

              Originally posted by VillageContractor View Post
              Hi,

              Does anyone have life insurance for them and other half? I'm looking into getting individual policies for my wife and I and wanted to know if we would be able to put the policies into a trust half way the policy.

              VC
              I am asuming it iw term assurance. Generall you should be able to wrap it in trust via an expression of wish whilst they policy is live.

              I am assuming you are looking at this from a point of iht planning so some advice may be sensible.

              one providers info which may help is linked above.

              Comment


                #8
                Originally posted by scooterscot View Post
                There's no such thing as life insurance. Life assurance maybe...

                What you're looking for is called 'term insurance', something that pays out should something happen to the bread winner?
                Is you sure? Insurance is for something that might happen whereas assurance is for something that is certain to happen. This means you could get life insurance against your death due to an accident whereas you would get life assurance because you know you're going to die. In most countries, apart from the UK and it's territories it tends to be called insurance, i.e. Lebensversicherung
                Brexit is having a wee in the middle of the room at a house party because nobody is talking to you, and then complaining about the smell.

                Comment


                  #9
                  Originally posted by darmstadt View Post
                  Is you sure? Insurance is for something that might happen whereas assurance is for something that is certain to happen. This means you could get life insurance against your death due to an accident whereas you would get life assurance because you know you're going to die. In most countries, apart from the UK and it's territories it tends to be called insurance, i.e. Lebensversicherung
                  I agree. And yet the result in both examples given is the same. No ifs no buts death will happen whether you planned it or not, so calling it 'life insurance' is weird.

                  'Term insurance' is the proper name for a policy that remains active after the term is serviced. i.e. your death.
                  "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

                  Comment


                    #10
                    Dead peasant insurance is where it is at.

                    If you worked for Walmart they wwould take out a life insurance policy for you. Only you would not get the payout, they were betting on your death. Sort of.

                    Dead Peasant Insurance : snopes.com

                    Comment

                    Working...
                    X