James
Member
Registered: 1st Jun 02
Location: Surrey
User status: Offline
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Who has either of these? I'm meeting with a financial advisor at lunchtime and they have asked for details of the current policies I have.
I thought I was covered by my employer but it turns out I'm not.
Just had a quote for both that will cover my outstanding mortgage balance and the average quote was £40 per month. This seems like a lot?
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RichR
Premium Member
Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
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iirc, mine is £56 a month including redundancy cover but instead of giving me a lump sum to pay off the mortgage, I can choose to take amonthly payment of £1500 instead. This would more than cover mortgage payments and general bills etc. and goes on until such point that I return to work with no duration cap.
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James
Member
Registered: 1st Jun 02
Location: Surrey
User status: Offline
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Just found out I do have it through work.
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John
Member
Registered: 30th Jun 03
User status: Offline
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I've got life inusrance/assurance (not sure which) + critical illness.
Covers the mortgage and fixed price for term.
About £23 a month each, which I think is a bit expensive.
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Sam
Moderator
Premium Member
Registered: 24th Dec 99
Location: West Midlands
User status: Offline
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Got life insurance but no critical illness cover. This pays off the mortgage plus a bit extra will go to my wife if I die before it's paid off, costs me £11/month.
On a related note, are you allowed to have more than one life insurance policy or is it just a case of increasing the cover on your existing policy?
Would like to leave her some more money when I die so she doesn't have to worry about bills and that especially if we have kids soon.
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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I'm £20 a month, covers me for my full outstanding mortgage amount on a sliding scale, both critical illness and death cover. I also have death in service cover for my work.
Thats through LV & includes frequent helicopter travel which puts me at a higher risk.
[Edited on 22-11-2012 by Colin]
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M2RTY
Member
Registered: 25th May 01
User status: Offline
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Dont get a joint policy as a claim on one puts them both up
We have 2 policies with zurich, not on a sliding scale, 25 a month each. Covers life and critical illness, not redundency as i do contract work and my lass is in a job in the nhs that they cant fill the current possitions never mind getting rid of some
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John
Member
Registered: 30th Jun 03
User status: Offline
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Mine isn't a sliding scale for the mortgage, sounds similar then so that's probably an ok price.
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baza31
Member
Registered: 19th Apr 03
Location: yorkshire
User status: Offline
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My pension will pay out 70k even if I die tomorrow, this will cover any costs till they sold my assets . Don't want to make it too easy for them  I insure what I have to be legal . They don't pay no fucker out anyhow and wriggle , everything is covered in their t&c . Biggest wankers out are insurance company's
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Daniel_Corsa
Premium Member
Registered: 21st Apr 04
Location: Wigton, Cumbria
User status: Offline
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Life insurance, £8pm.
Got money saved if worst come to worst and lost job to pay bills for a bit.
Death in service through work etc.
Touch wood never have to use any.
April '06' Corsasport Feature Car  | Aug '08' Total Vauxhall Feature Car | Spring '09' Fast Car Feature Car
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VegasPhil
Premium Member
Registered: 16th Jan 05
Location: Fareham, Hants Drives: Octavia VRS
User status: Offline
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Cover for Life through work.
Also Insurance cover with the mortgage. I didn't bother with Critical Illness as that is what bumps the price up so much. If I get diagnosed with a terminal illness the life cover will pay out anyway.
Corsa 2.0 16v Vegas - Sold
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