Life Insurance

[Otispunkmeyer]

Well, this is a bit more complicated looking than car insurance!

Not got a scooby what we need, but know its probably not a bad idea to have it seeing as we have a mortgage. Not sure what we actually need though, there seems to be increasing, decreasing, level, critical illness add-ons, whole-life etc. Ones for paying off mortgage, ones to do that and pay lump sums or monthly sums when you die....

There are only us two at the moment and between us 2 big debts that would need covering; Mortgage (£130,000, 25 years) and car loan (£7000, 2 years). Not sure if student loan counts? (mines still £10k or something, but PAYE is taking care of that. OH has no SL). We're only just 30 years old, no kids (yet), not married (yet), no hereditary or long term illness. Fit and healthy.

Other than paying off the 2 big ones, I don't suppose I actually need ones that will also pay lump/monthly sums to live off....yet. If I dropped tomorrow, my OH still has a good job to survive on.

Any good sites I can use to do some research? any knowledgeable folk on here to point me in the right direction?

Thanks
Alex

[Otispunkmeyer]

dalenorth

Thanks for the kind offer, I will PM you shortly.

Alex