Short term life insurance

[OddGoldBoots]

dh and I both work but he is the main wage earner, he is leaving his job soon to start work elsewhere so will lose the life insurance that goes with his pension and won't be able to start a new pension with his new company for 6 months so that leaves us with a gap in cover.

Does anyone know if there is any kind of insurance on offer that will cover life for 6-12 months to bridge the gap? I've done a quick search and only found policies that are 5 year+

I thought the insurance that came via employers was usually a 'death in service benefit' , multiple of salary, type arrangement rather than life insurance per se. Is your mortgage balance covered in the event of his death in the next six months?

Thanks for the reply. :)

It's the death in service that is alongside the pension iyswim, once he signs up to the new pension he will get death in service cover but he isn't allowed to for the first 6 months (probation). This is his only life insurance so no, the mortgage isn't covered in the gap which is why I want to sort something. We have overpaid a lot on our mortgage so it's fairly small but there are obviously other expenses and I don't want to depend on the state (if there is anything left to depend on anyway).

I have a £350k policy on my own life (taken out when the children were tiny so needed to cover their care) and dh has 4x salary death in service until he leaves his current job in a couple of weeks.

I might ask our mortgage company direct if they offer short term insurance for this kind of thing. Not that I envisage him popping his clogs in that 6 month period but I am not one for taking chances.

You can take a longer term policy and cancel it when the new cover kicks in, most policies can be cancelled at any time (obviously you couldn't claim back any premiums you have paid etc).

I'd take out a joint policy for the pair of you that principally covers the mortgage but not on a reducing basis. Keep it going even when he's back gainfully employed. That way, whichever of you goes first, the other is covered.