Life insurance - HotUKDeals
We use cookie files to improve site functionality and personalisation. By continuing to use HUKD, you accept our cookie and privacy policy.
Get the HUKD app free at Google Play

Life insurance

woody2022 Avatar
1y, 9m agoPosted 1 year, 9 months ago
Life insurance advice please. Never had it before, but me and my partner have just had our first child so I know I need to pull my finger out and get some cover.

We own our house, worth £160k, none smokers, no health issues etc.

Any recommendations on who to go with? How much cover I need to take out etc?

Roughly how much a month it'll cost etc?

Thanks for any help / advice!
woody2022 Avatar
1y, 9m agoPosted 1 year, 9 months ago

All Responses

(9) Jump to unreadPost an answer
Have a look at Cavendish online as detailed on Premiums depend on your age and the length of cover. I would say you need to look at how much money you will need if one of you was to die. pay off mortgage plus leave money to pay bills etc for a while
You should have mortgage protection to repay your mortgage so you just need cover to ensure your family have something to live on until the kiddies have grown up a bit.
Ok, thanks for all your help. How long do you roughly get the cover for? Someone told me the length of your mortgage (25 years) that correct?

I think I've read so much about this that I've confused myself.
most people have insureance that will pay off their morgage wherby payout gous done as each year passes until your morgage is paid i have this plus 100k in a seperate policy if the missus cant get by on no morgage and 100k tough lol
we went with legal and general but went through topcashback so we got £110 cashback. its worth doing as it paid for our insurance for the first 5 months
oh and i took it out for 25 years to cover 75k each (myself and my husband) as well as 25k critical illness cover. it means the mortgage isnt paid off but payable on one income or paid off if anything should happen to both of us. we pay £12.50 each a month. hope that helps
Worth updating your wills and stipulating who will have responsibilty for your offspring should the worst happen.
Make sure you give full disclosure to everything health wise, or if the fateful day arrives, the insurance company will squirm their way out of paying.
I gave mine access to my medical records so they know everything.
i assume you do not have a mortgage?

i also assume that you are self employed?

otherwise most people would have life insurance already. what sort of payout are you looking for?

Post an Answer

You don't need an account to leave a response. Just enter your email address. We'll keep it private.

...OR log in with your social account

...OR comment using your social account

Thanks for your comment! Keep it up!
We just need to have a quick look and it will be live soon.
The community is happy to hear your opinion! Keep contributing!