Joint Life Insurance - Term Insurance Policy Cover

This is the simplest cheap type of joint life insurance quote, and is known as joint term life assurance cover plan because you choose how what term ie; how long you're covered for, say, 15 or, 20 years (the term).

A Joint Life Insurance policy usually pays out on the 1'st to die within the term cover you've agreed. If you live longer than the term, you get nothing. As a couple, you may wish to also consider 2 x seperate plans in either name, with the policy therefore paying out if either of you died during the term. Please ask us for a quote comparison. 

Many Insurers now also allow, should a couple split up, to take out seperate plans without any medical evidence, rather than just cancel their joint life insurance plan.

Also consider how large the new joint life insurance cover when doing quotes - you need this if not covering say just a debt like a joint mortgage life insurance. Common life insurance cover industry practise used to be say minimum 10 x salaries.

Things to look out for if requesting this cheap type of joint life Insurance Quote Online ...What type of new life cover policy do you want? For example

• Increasing policy (where cover and premium rise over the years)
• Renewable policies (which let you extend the original term).
• Guaranteed (where joint life insurance premiums stay the same throughout the term)
• Reviewable premiums (where joint life cover premiums may go up every year or 5 years gone up at a review)
• Waiver of Premium (where the Insurer waives/protects & covers your premiums after a deferred period of 4/8/13/26 weeks due to sickness or accident - the waiver can be joint or individual )
• Note: their is usually no cash in or surrender values for joint life insurance policies

Joint Life Insurance Policy - Income Benefit Plan

This type of joint insurance Cover policy pays out income to your Family rather than a lump sum & maybe suitable for those who require income insurance for their family on 1st death. This Joint Family Life Insurance Cover or Family Income Benefit plan may be increasing to help offset inflation. 

Joint Whole of Life Insurance

Whole Life death insurance policies are designed to always pays out upon your death so logically are more expensive than term insurance as the risk is greater to the life insurance companies. Joint Whole of Life insurance is more expensive because it is certain that the life company will eventually have to pay the life sum insured. Joint Life Insurance Plans can be 1'st death or on 2nd death with benefits to maybe address an Inheritance Tax concern. Benefits are currently paid out tax free on death

• Designed to pay out on death - whenever it occurs 
• Whole Life Assurance Cover may be level or inflation linked 
• Medical evidence may be required and a medical examination for those with health issues
• Premiums may be guaranteed or if investment based reviewable
• Maybe payable on death or earlier Terminal Illness
• Benefits can be set up to be payable into Trust
• Can be set up on sole or joint life 1st death claim basis 

Looking for Joint Life Insurance for Funeral Expenses ?

 A joint protection cover plan that via definition as the name implies, is insurance guaranteed for the whole of your life, whenever you die. Whole Life Cover is traditionally more popular with those looking for over 50's life cover to help cover funeral expenses. As a couple, you may wish to therefore also consider 2 x seperate plans, to ensure the life policy paying out when either of you die - rather than 1st to die.

This website is intended for UK consumers & any information contained therein is for Generic Guidance only and is not to be construed as advice. 
For protection we offer products based on a fair and personal analysis.

By completing one of our no obligation quotation request forms, you may be provided with comparison protection quotes, key facts from leading Providers - based just on the basic information you have provided. Note: These quotes will not take account of any personal, health or lifestyle issues unless a full application is completed. You also consent for us to then kindly contact you by phone - where we may offer Professional Broker help & guidance if needed. We may as appropriate then help to arrange a suitable protection policy based upon your own circumstances & needs after a further review by "advice & recommendation". This will usually be on a non face to face basis.

 For products with an investment element we will introduce you to an authorised adviser. We act as introducers for Accident, Sickness and Unemployment and Mortgage Payment Protection Insurance plans. We may also introduce you to other selected professional partners for other protection or legal products as deemed appropriate. Online Dispute Resolution (ODR) - https://webgate.ec.europa.eu/odr/main/index.cfm?event=main.home.chooseLanguage. Financial Ombudsman. https://www.financial-ombudsman.org.uk We nominate to fundraise for Great Ormond Street Hospital Charity.

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