FAQ Home | General Questions | Critical Illness Insurance | Life Insurance | Home and Contents
Mortgage Payment Protection | Mortgage Life Insurance | Short Term Income Protection Insurance
Mortgages | Car Insurance | loans | Private Medical Insurance | Travel Insurance
Can you have different levels of cover on a joint life policy?
Yes you can - but it may be better to buy separate policies.
Hot Topics
- Where can I find help?
- To help you find your question, we have organised our FAQ’s into relevant groups. Answers to all sorts of more general questions are found in the General Questions section.
- Does Life Insurance have to be associated with a mortgage?
- No it does not. Many policies are used to provide additional financial security for the family.
- Is there any investment value in your policy?
- No. Once the term is completed the policy simply ends. It’s a bit like car insurance!
- Should you consider Mortgage Life Insurance instead?
- Only if you have a Repayment Mortgage and want insurance cover for it.
- How long should you insure for?
- For mortgage protection purposes you should also insure yourself for the same number of years that are remaining on your mortgage. The initial sum insured should always equal the capital sum outstanding on your mortgage.
Perhaps a better option?
If you are considering any Joint life insurance policy then we recommend you also cost up the alternative of having a separate policy for each person. Why? Because with a Joint policy, if there is a claim the policy will automatically terminate. The survivor is then left with no insurance cover and at an older age when it is more expensive to obtain insurance. It may even be impossible to get insurance due to deteriorating health.
Frequently Asked Questions related to the above topic.
Click below if you wish to read them: -
- You have a Repayment Mortgage. What sort of Life Insurance do you need?
- What is Life Insurance?
- Is there any investment value in your policy?
- You have a Repayment Mortgage. What sort of Life Insurance do you need?
- You have an Interest Only Mortgage. What sort of Life Insurance do you need?
- How much should you insure for?
- Should you have a “Guaranteed” or a “Reviewable” policy?
- Should you include Terminal Illness Insurance?
- Should you include Critical Illness Insurance on your policy?
- What is the difference between Critical Illness Insurance and Terminal Illness Insurance?
- Which optional extras are important for Life Insurance?
- If your insurer asks for a higher premium because you are Rated, is it worth applying to another insurance company?
- Do you have to buy your Life Insurance through your mortgage lender or mortgage broker?
- Go to menu of Frequently asked Questions about Life Insurance
- Go to menu of Frequently asked Questions about Mortgage Life Insurance
- Go to menu of Frequently asked General Questions




