Kathryn W
Member
Registered: 12th Oct 03
Location: Widnes, Cheshire
User status: Offline
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How much do you pay for your life insurance/mortgage cover?
We're currently paying £40... 
It should be decreasing also seen as our mortgage is... 
Just done a quick quote online... £7 Think we're getting spanked somehow...
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Daniel_Corsa
Premium Member
Registered: 21st Apr 04
Location: Wigton, Cumbria
User status: Offline
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Ours is £8.10 p/m with Zurich
April '06' Corsasport Feature Car  | Aug '08' Total Vauxhall Feature Car | Spring '09' Fast Car Feature Car
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VegasPhil
Premium Member
Registered: 16th Jan 05
Location: Fareham, Hants Drives: Octavia VRS
User status: Offline
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£19 for us both. Decreasing though.
Corsa 2.0 16v Vegas - Sold
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John
Member
Registered: 30th Jun 03
User status: Offline
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22 ish each, guaranteed to stay the same price for length of the policy. Were advised to get separate policies.
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Lee_fr200
Member
Registered: 8th May 11
Location: West Yorkshire
User status: Offline
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I've been quoted 13 quid for both of us from our mortgage broker, not sure who the quote was with though, will ask the missus for the paperwork in the morning. Apparantly it depends on your families previous health as to what you will pay
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M2RTY
Member
Registered: 25th May 01
User status: Offline
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We are with zurich, they cover more than most and have highest payout rate
25 each a month, always get 2 seperate policies
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T21SVJ
Member
Registered: 14th Sep 06
Location: formby Drives: Company Cars
User status: Offline
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£10 a month guaranteed to stay like that for the length of the policy
could have had a cheaper one at £5 per month which just covered the mortgage.
im with bright grey
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Conway563
Member
Registered: 7th Jun 06
Location: Yate, Bristol
User status: Offline
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61p a month for me and I think 10p a month for the Mrs
No mortgage cover, just life insurance
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AdamF
Premium Member
Registered: 24th Apr 02
Location: Bexhill, East Sussex
User status: Offline
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mine is £70 a month for both of us but £50 a month of that is critical illness cover
edit: for a guaranteed £200,000
[Edited on 06-08-2012 by AdamF]
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Russ
Member
Registered: 14th Mar 04
Location: Armchair
User status: Offline
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quote:
Originally posted by AdamF
mine is £70 a month for both of us but £50 a month of that is critical illness cover
edit: for a guaranteed £200,000
[Edited on 06-08-2012 by AdamF]
have your family got a history of illness? do you smoke?
thats an awful lot of money
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Rob_Quads
Member
Registered: 29th Mar 01
Location: southampton
User status: Offline
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Its the critical illness that's the expensive bit normally.
We get life cover through work think its 4x salary (which is upped to 5x if you die on company time)
Think it was around another £30/pm for critical illness cover.
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VrsTurbo
Premium Member
Registered: 8th Jun 10
User status: Offline
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 £0
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Russ
Member
Registered: 14th Mar 04
Location: Armchair
User status: Offline
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who do you work for Rob? 
[Edited on 06-08-2012 by Russ]
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Rob_Quads
Member
Registered: 29th Mar 01
Location: southampton
User status: Offline
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quote:
Originally posted by VrsTurbo
£0
I bet its not £0 - Even if you get it from work you will still have to pay the tax on it as a taxable benefit. Just because it comes out of your salary before you see it doesn't mean its £0
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John
Member
Registered: 30th Jun 03
User status: Offline
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My one covers critical illness, was wondering why it was so much more expensive.
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Toby
Premium Member
Registered: 29th Nov 05
User status: Offline
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£52.50 for me and my brother (as hes on the mrotgage now) £25 a month is becuase hes in the armed forces (not that they provide any cover if hes injured at 'work') Was £30 a month for me and the ex misses. Thats based upon £175k and critical illness.
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Baskey
Member
Registered: 31st May 06
User status: Offline
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Get 4x my salary for life insurance with work but I have nothing to cover my mortgage in case of illness. What's a decent policy? Does it only pay for a certain amount of time?
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AdamF
Premium Member
Registered: 24th Apr 02
Location: Bexhill, East Sussex
User status: Offline
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quote:
Originally posted by Russ
quote:
Originally posted by AdamF
mine is £70 a month for both of us but £50 a month of that is critical illness cover
edit: for a guaranteed £200,000
[Edited on 06-08-2012 by AdamF]
have your family got a history of illness? do you smoke?
thats an awful lot of money
no to both, tbh it was something i was bullied in to at the time and ive been meaning to do something for ages 
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Toby
Premium Member
Registered: 29th Nov 05
User status: Offline
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quote:
Originally posted by Baskey
Get 4x my salary for life insurance with work but I have nothing to cover my mortgage in case of illness. What's a decent policy? Does it only pay for a certain amount of time?
I get the same but they (mortgage co) wouldnt accept that and the levels of cover my borther gets if hes injured or dies in service are massive.
Best read the T&C's, i have a disease which they wont cover as its pre-existing on this policy.
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3CorsaMeal
Member
Registered: 11th Apr 02
User status: Offline
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i don't look at mine in money value, i like to think of it in watch terms.
Basically a casio f-91w each month 
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VrsTurbo
Premium Member
Registered: 8th Jun 10
User status: Offline
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quote:
Originally posted by Rob_Quads
quote:
Originally posted by VrsTurbo
£0
I bet its not £0 - Even if you get it from work you will still have to pay the tax on it as a taxable benefit. Just because it comes out of your salary before you see it doesn't mean its £0
Yup £0 I work for myself so it's £0.
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Rob_Quads
Member
Registered: 29th Mar 01
Location: southampton
User status: Offline
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So what you mean is you pay £0 but have no cover?
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whitter45
Member
Registered: 15th Nov 02
Location: Norton
User status: Offline
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25 a month decreasing term for 19 years for the both of us with Nationwide (legal and General) (covers length of mortgage)
get 6 times salary in in work
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VrsTurbo
Premium Member
Registered: 8th Jun 10
User status: Offline
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quote:
Originally posted by Rob_Quads
So what you mean is you pay £0 but have no cover?
I have cover. but its more wealth than anything. If i die the mortgage gets paid simples
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James
Member
Registered: 1st Jun 02
Location: Surrey
User status: Offline
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quote:
Originally posted by VrsTurbo
quote:
Originally posted by Rob_Quads
So what you mean is you pay £0 but have no cover?
I have cover. but its more wealth than anything. If i die the mortgage gets paid simples
Would you not rather pay a small amount each month and have it paid for via insurance than have to use your "wealth"? Obviously if you die, you won't care, but it could help out the people around you, unless I'm missing something?
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