Question about Life Insurance

[mummygow]

I would like to take out life insurance (not to cover mortgage just payout) but can anyone tell me if there is a policy out there that if I pay in for 25 years and dont die they pay me back something IYKWIM or does it all just lie there until I die then pay ou to my family?

sorry I know people don't really like you to bump your own thread but I had fell off the page - so - BUMP

hoping for new blood after kids bedtime

hiya mummygow how's you? its kidstrack2, changed my name, we pay our life insurance through Cooperative, used to be scheme where insurance man knocked on door and collected the money monthly, now we do direct debit, we get money back in 15yrs i think!

ooooooohhhhhhhhhhh like the name - is this a new thing your trying, sounds very in control and authorative!!!!!!!!!!!

You really need to go nd see an independent financial adviser. What your after is something like an endowment with life cover rather than a bog standard life policy.

lol

have you tried 'money expert' site he did the 'make me rich' programme and there are links in there for life assurance

try the website lifesearch - policies like that are called whole of life policies and I am sure there are a few life companies still offering them, there are various permutations of them, so either go to see an IFA, or try lifesearch.

sorry the site is called www.moneysavingexpert.com/

Mummygow, you would be looking at whole of life policies or endowment policies. I don't believe the returns are guaranteed and you get MUCH less insurance cover for the premium you put in (compared to the bog standard term life assurance policy).

If you want an investment, but an investment product. If you want pure insurance (payout on death), then buy a term life assurance policy. If you are prepared for lower investment return but coupled with some life cover, then you would be looking at whole of life/endowment policies. As the other posters have advised, speak to your financial advisor.

hiya again mummygow, wasn't on for long last night, its gonna be my new name, if anyone will talk to me! lol being ignored maybe it is too in your face kinda thing, but i chose it cause it forms part of my new married name in 9 weeks, i'm gonna be a mrs instead of miss! yipeeee

A whole of life policy will only pay out on death. Hence its name.