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Life insurance. How much do you pay per month?

(23 Posts)
ja9 Tue 09-Sep-08 11:47:48

We're just trying to get this sorted. However, i am shock at the quotes that are coming back. Don't know if everyone is actually paying this kind of amount and i am just naive...

LittleMyDancing Tue 09-Sep-08 11:51:44

About £40 each

poppy34 Tue 09-Sep-08 11:52:52

27 quid I think -dh nearer 40 as bit older

ja9 Tue 09-Sep-08 12:31:56

that's what i was expecting to pay. the cheapest option we have been quoted is £120 for the 2 of us - but advising us to take the £185 or £260 option shock

Bramshott Tue 09-Sep-08 12:34:36

We don't have life insurance as such, just that one which pays off your mortgage if either of you die (thus the amount decreases as your mortgage decreases). It's about £25 per month I think.

Lubyloo Tue 09-Sep-08 12:35:13

You all seem to be paying a lot! shock Do you want purely life insurance or critical illness cover. I pay just over £8 per month for £150,000 of level term life cover. Dh pays £9 something per month also for £150,000.

We used the broker Lifesearch to find our insurance and I was very impressed with them.

WilfSell Tue 09-Sep-08 12:35:44

how old are you? Have they included critical illness and /or income protection insurance? If you don't want this, remove it from the cover and bet the price is much lower...

WilfSell Tue 09-Sep-08 12:36:19

Cavendish online as recommended by Mr Moneysaving Expert very cheap, as is Tesco

WilfSell Tue 09-Sep-08 12:36:50

yes, decreasing term assurance cheaper than level term assurance also...

coppertop Tue 09-Sep-08 12:39:02

Mine is around £17 a month. Dh is a little older than me so his is about £20 per month.

QuintessentialShadow Tue 09-Sep-08 12:42:04

Dh is £13 per month. Mine is £9 per month. We have one each, rather than a joint policy. So if I die, he get my payout. If he then dies, the kids get his payout. With a joing policy, the surving spouse get the payout, and nobody else when the other die.

We are insured for £200.000 - not connected with mortgage.

Lubyloo Tue 09-Sep-08 12:43:40

Lifesearch

We also took a separate income protection plan through them and feel that we got a very good deal with this and some good advice.

cocolepew Tue 09-Sep-08 12:46:54

£17.46 for me DH and, God forbid, our DDs. It's with Legal and General for £100,000, no critical illness and stops when our mortgage is paid of.

FeelingLucky Tue 09-Sep-08 12:59:04

DH about £26 a month, me about £23
ours is decreasing term assurance where they'll pay off mortgage and give us a lump sum
Separate covers for same reason as QuintessentialShadow states.
No critical illness (very difficult to claim) or income protection (we're both freelancers)

FioFio Tue 09-Sep-08 13:01:17

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FioFio Tue 09-Sep-08 13:01:20

Message withdrawn

PerkinWarbeck Tue 09-Sep-08 13:23:08

£5.90 per month grin

only £100000 covered though.

selby Tue 09-Sep-08 19:59:40

500K for £21 per mth for me. (Level term assurance over 20 yrs arranged last mth!)

flubdub Tue 09-Sep-08 20:14:41

£40 for £150000

sarkin Wed 10-Sep-08 12:07:04

Life cover will vary for everyone depending on age, sex, where you live and a whole host of other things including do you smoke, married, single or divorced. Have a look at my website for more information Life insurance

MrsTittleMouse Wed 10-Sep-08 19:33:09

I pay £16 and DH pays £18 for term insurance with premiums that are the same for the whole term. I can't remember the exact terms, but it's something like £200,000 each (separate policies) and 25 years (to get the DDs through college). It doesn't have critical illness cover, and it was from a comparison website.

We are lucky that neither of us has any serious illness though, which obviously makes a big difference.

Goober Wed 10-Sep-08 19:35:10

£24 for us both.

Waswondering Wed 10-Sep-08 21:37:50

IIRC we pay about £40 for critical illness and life cover - I think it's with Norwich Union (the IFA recommended it as they have a reputation of paying up, apparently!).

I'm surprised that you're being quoted that much given your age and health...

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