Mumsnet has not checked the qualifications, experience, or professional insurance of anyone posting on Mumsnet and cannot be held responsible for any advice given on the site. Free legal advice is available from a Citizen's Advice Bureau, and the Law Society can supply a list of local solicitors.

Life insurance

(4 Posts)
ChablisLover Thu 14-Mar-13 14:27:38

I am looking at taking out level term policies for DH and me for 25 plus years

we already have a decreasing cover and critical illness policy to cover mortgage

1 - can I do this?
2 - is there anything whereby there is a payout at the end of the term rather than on death - so basically I am looking for a policy which will pay on death or at the end of the term?

Thanks

Notmadeofrib Thu 14-Mar-13 14:46:40

1) yes
2) yes! various things available.

speak to an IFA as #2 is an investment vehicle.

ChablisLover Thu 14-Mar-13 19:32:06

Thanks

I think the second is basically an endowment type policy isn't it?

Will try and make an appointment with an Ifa rather than trying myself

Notmadeofrib Thu 14-Mar-13 19:42:45

Yes, but there are some modern ones out there and you will have choices. I think your save/protect strategy is a good one (if you really need the level of insurance you describe)

Join the discussion

Join the discussion

Registering is free, easy, and means you can join in the discussion, get discounts, win prizes and lots more.

Register now