The cost of life assurance depends on two factors:

  1. How much cover do you want?
  2. How long you want it for?

Then you age, sex, occupation, health and smoking habits are taken into consideration.  The other issue affecting life insurance premiums is your medical history and current state of health.

Mortgages

How much mortgage cover do I need & for how long?

You need to cover the amount of the outstanding debt, up until the debt is paid off.

What type of cover do I need?

 Is your mortgage a repayment one? If so, you need a Decreasing Term Assurance policy.

Or is it an interest-Only mortgage, in this case you need a Level Term Assurance policy.

Alex Pangratiou worked for Limetree Financial Services until April 2012. Feel free to contact another member of our team for help or advice.

Posted in General Insurance, Income Protection, Insurance, Life Assurance