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michellenevan

michellenevan

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life insurance _
PostSubject: life insurance   life insurance EmptyTue Jun 14, 2011 3:37 am

does anyone know anything about life insurance?
ive decided to get some but every quote i try to get it asks how much i want to be insured for? ive no idea about this or for how long to take the policy on for
any advice/help greatly appreciated
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Jade

Jade

Age : 40
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My Name: Jade
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PostSubject: Re: life insurance   life insurance EmptyTue Jun 14, 2011 3:39 am

normally they say life insurance should cover any big debts. It's normally for covering mortgages and things like that on death. When I had my first flat I had life insurance for the mortgage amount.

Obviously you can have any amount you want but the higher amount the higher the monthly fee.

I would say if you have a mortgage deffo cover that, cover estimated funeral costs with a decent sum left over for kiddies Smile
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liberty

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PostSubject: Re: life insurance   life insurance EmptyTue Jun 14, 2011 3:56 am

I agree with Jade. When we first got it we just covered the mortgage cost but with kids I'd add a bit more
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