Hot Topics

What is the difference between Life Assurance and Life Insurance?: Life Assurance has an investment value but Life Insurance does not.
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.
Should you have a “Guaranteed” or a “Reviewable” policy?: With a Guaranteed policy your insurance company Guarantees never to increase the premium at any time during the policy’s term.
Should you include Terminal Illness Insurance?: You probably won’t need to - most policies include Terminal Illness cover free of charge on all Life and Critical Illness policies.

Should the cover be on joint lives or separate lives?

It may be better to buy separate policies.

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.
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Hot Topics

Should the cover be on joint lives or separate lives?

It may be better to buy separate policies.

Frequently Asked Questions related to the above topic. Click below if you wish to read them: -

Frequently Asked Questions related to the above topic.
Click below if you wish to read them: -