home insurance joint policy
How can I obtain a life insurance policy in the UK I pay a premium to the closing date if I claim?
I want a new joint of the life insurance policy as we are moving house, but instead of normal life and critical illness (the last part of which I have said rarely pays anyway), I would like a life insurance policy that will pay at maturity, ie at the end of term. My in-laws are to always obtain sums of money to insurance policies that took years, but I can not figure out where to get one. I need at least £ 100,000 of life insurance at least 20 years, as has to cover my mortgage if one of us dies. Am I looking for an endowment policy? How can I obtain one without finding a financial planner?
Yes you would be looking for an endowment policy if you want a bonus at the end. However, be warned they are expensive and do not pay as much as you think or are promised, so Therefore, all the problems that most mis-selling of these policies. Also, do not cover serious illnesses in general, only the lives and injuries. You would better with a basic life and critical illness policy, along with a savings account long-term regular savings – you have to pay over a period of time. Most banks offer these savings plans and are willing to pay additional interest if you take out a current account with them too.
