UNMARRIED COUPLES LIFE INSURANCE QUOTES
If you are a Couple & not married - you probably have other things on your mind than thinking about getting a Life Insurance policy before considering marriage. However, having loving responsibilities means you should still consider looking at the peace of mind Life Insurance or Critical Illness will do to help protect each other, a family if you have one or mortgage. Note: there must still be an insurable interest between an unmarried couple, to arrange an insurance policy.
Can I get Life Insurance Policy before Marriage - being an Unmarried Couple?
UK Insurance rules state there must be an insurable interest between an unmarried couple to arrange a joint life insurance policy. You can always arrange seperate policies not being married. Also both parties must consent to this arrangement
Can I get a Life Insurance on my Unmarried Partner without them knowing ?
No - both parties must consent to this arrangement ie; you cannot just apply on your their behalf without their knowledge.
Can I put my Unmarried Partner on my Life Insurance Policy ?
UK Insurance rules state there must be an insurable interest between yourselves not being married ie; to add your partner to your life insurance policy.
Being Unmarried - Can my Partner be my Life Insurance Beneficiary ?
Yes they can - if you wish to. Either they can own your life insurance plan directly; classed as life of another [ see comments above re Insurable interest ]. Note if you split up though this can cause issues with the insurer having to undue this arrangement & may require additional legal costs by you seeking specialist advice. The alternative is to put the policy into trust where your partner is either one of or the sole beneficiary.
Being unmarried - Can my Partner be a Trustee on my Life Insurance Policy ?
Yes they can - if you wish to. If you put the policy into trust where your Girlfriend is either one of, or the sole beneficiary. Either they can be sole Trustee or have 2 Trustees ideally. Note again if you split up though this can cause issues with the insurer having to undue this arrangement & may require additional legal costs by you seeking specialist advice.
Naturally, not every unmarried couple is the same when looking at life insurance risks. Some people may have health issues but UK Insurers may consider this to be acceptable at their standard rates, especially if it doesn’t vastly impact your usual daily activities of living.
Being an unmarried couple or common law marriage means you may not appreciate the various challenges that may come looking after loved ones if they are critically ill or die; Let trying to get life insurance hopefully not be another great challenge. Either way please approach us for friendly Professional Help.
LIFE INSURANCE FOR UNMARRIED COUPLES - PRODUCTS REVIEW
MORTGAGE PROTECTION - for Unmarried Couples
Designed to cover a repayment mortgage on death or critical illness as it decreases during the plan term.
LIFE INSURANCE - for Unmarried Couples
Offering a family protection lump sum if the policy holder dies or is diagnosed with a terminal illness during the term or whole lifecover. Policies can be made joint or seperate.
FAMILY INCOME BENEFIT INSURANCE - for Unmarried Couples
CRITICAL ILLNESS INSURANCE - for Unmarried Couples
Helps ease financial worries if you are diagnosed with a critical illness as specified by the Insurance Company.
CHILDREN'S CRITICAL ILLNESS COVER
Helps ease financial worries if your child is diagnosed with a critical illness as specified by the Insurance Company.
INCOME PROTECTION - for Unmarried Couples
Providing security by way of an income if you are off sick or have an accident.
Unmarried Couples Life