Life insurance

[SandyDown]

If you can afford it go for the level cover as it doesn't matter what is left on your mortgage it still pays out the full amount you will pocket the rest.

errrr how can you pocket it if you actually die??

[robnjc]

or alternatively ask an independent broker whose job it to know the market, will discuss your cover requiements and find the best product to match them.

[Swiss Tony]

My wife has told me to get life insurance. She wants a policy that pays out a great deal in the (unlikely) event of my death. I have to pay for the policy, so where can I get a fair deal with good cover?

TIA

Depends if you want term or whole of life cover. Most companies will insure you up to an age though very few will now do whole of life. If you have an ITH liability or foresee one then a whole of life policy would kill two birds with one stone.

Otherwise have a good look round, all they are insuring you on is your demise so it doesn’t matter to an extent who you use. Just make sure it’s a company who would be able to pay out, I would recommend Friends Provident.

If you want a whole of life policy that is legal (they are not allowed to have fiscal values anymore, its set up in a contract format) then Zurich are top of the pile.

[Cooperinliverp00l]

Coops, your list of standing orders/direct debits must just read.. BARCLAYS...

Insurance isn't with Barclays they just help set it up. I haven't got any direct debits that go to Barclays but have many many many other that go to every other company in this country.

[FiveTimes]

Coops, your list of standing orders/direct debits must just read.. BARCLAYS...

[Cooperinliverp00l]

I currently have a policy in place and are re-newing it as a result of moving home. There are two types that i know of....a decreasing cover (which decreases over the term) and a level cover. I have had a quote for each type of cover on our new mortgage (at 170k) over 25 years for both me and mrs (both of us 26) for decreasing cover it will cost us £42 with AXA and for a level cover £65 fixed for 25 years with Legal and General.

If you can afford it go for the level cover as it doesn't matter what is left on your mortgage it still pays out the full amount you will pocket the rest.

Another idea to think about would be two seperate level policy's for you and partner. For me it would cost £71 but if either of us dies or had critical illness the other policy would still be in place to cover the other person as well.

I had all my quotes from barclays financial planner as well as the financial advisor who set up my mortgage and Barclays got me the better deal.

That is the limit to my financial knowledge so am going to shut up now

[FiveTimes]

Try here http://www.cavendishonline.co.uk/
select the fee option and it cuts out the commission for the brokers... 20 year term for 200K for a 35 yr old male is about 13quid/month.

[NotAllThere]

Think about term insurance. No investment component, and fixed payments for the term. I got myself covered for £500,000 for ten years at about £25 a month. Obviously, if I want to take out another ten years, it'll cost more cos I'll be ten years closer to death.

[chasingtheaurora]

I can't get it at the moment

[Dark Black]

My wife has told me to get life insurance. She wants a policy that pays out a great deal in the (unlikely) event of my death. I have to pay for the policy, so where can I get a fair deal with good cover?
TIA

I used confused.com and found a good deal...

[Ruprect]

Oh and in answer to the question I pay about 15 quid pm for insurance to pay off the mortgage in the event of my sudden demise. price is v different for a continuous policy though.

[Ruprect]

Indeed! Watch out for an unusually high number of hot curries and other spicy dishes served by Mrs. DP. Masks the taste of weedkiller very well.

Are you calling DP a weed?

[DBA_bloke]

Its been nice knowing you.

Indeed! Watch out for an unusually high number of hot curries and other spicy dishes served by Mrs. DP. Masks the taste of weedkiller very well.

[The Lone Gunman]

Its been nice knowing you.

My wife has told me to get life insurance. She wants a policy that pays out a great deal in the (unlikely) event of my death. I have to pay for the policy, so where can I get a fair deal with good cover?

TIA

[DimPrawn]

My wife has told me to get life insurance. She wants a policy that pays out a great deal in the (unlikely) event of my death. I have to pay for the policy, so where can I get a fair deal with good cover?

TIA