life insurance

[leeandjoanne]

our life insurance is for the value of our mortagage so if anything happens to either one of us the mortage is paid which is around 65k how much does everyone else pay a month as we pay �30 a month for both of us and most of our friends only pay like �7 !!

[sara3]

I'm paying �21 a month on a �50k policy, for myself only (not attached to my mortgage) which pays out on death or terminal illness, whichever comes first ;o)

it's going to depend on your ages, health etc..

[sara3]

↑ critical illness, not terminal

[bednobs]

i pay more than that, mind you our mortgage is at least twice yours, and i was probably older when i started. My husband also pays a substantial amount more, but his covers critical illness too. There is nothing to stop you looking round to see if you can get a better deal

[Skyline D]

Just under �10 per month for the wife and I for death and critical illness cover attached to the mortgage.

Mortgage was only just over �30k to start with though. We were both in our early 30's when it started too.

[Cakeboy]

I pay �40 for our life insurance per month which covers 50% of the mortgage of one us drops dead, it also covers us for losing our job or being unable to work.

The mortgage is �170k so we're covered up to �85k

[luxury]

Hi LeeandJoanne,

I pay �40 pm for mine, but it's index linked and has given me a couple of grand drawdown. It is a whole of life policy.

My husbands is mortgage and critical llness and redundancy cover and is �25 pm. It goes down in value as the mortgage is payed off.

L.

[munchie63]

it's easy to shop around, same as car and home insurance.
we offer this now at the Post Office.

If all you want is a quick quote to compare prices, call 0800 096 5489 and ask for a quote. It takes literally 2 mins...if you're happy and want more info, then they take your full details which can take 15mins. Initially though, it's just name, age and the amount of cover you're looking for.
prices start at �5 a month so you may be surprised.
If you quote promo code 0051047 at the start, they'll log your call for �25 cashback offer too

so many people think it's tied to their mortgage and pay way too much
Good luck

[Uzoma]

The summary is - you can't just compare insurance based on the amount alone. You also have to consider existing health conditions, your ages, whether it is in joint names or in 2 single names and your current jobs.
One more thing to note - if you have a joint policy and one of you dies, the mortgage will be paid off and the policy ends. However, if you both take out a policy each (i.e. �65K each) then the same thing happens but then when the other dies, the money can go to children or to something else. The difference in price is not usually much.

[ka5bns]

try www.caroom.t83.net and they can quote you cheaper than that in less than two mins. hopw this helps