If you're a couple thinking about taking out life insurance, have you considered whether you should opt for a joint policy or two single policies?
If each of you takes out a policy, the sum assured would pay out seperately on the death of each individual. This may be appropriate if each of you requires a different amount of cover, taking into account your own circumstances and dependents' needs. Single policies can also be simpler in the case of separation as both of you can continue your individual policies.
However, you may prefer a joint policy, involving one application and one regular premium. As the policy only pays out once, that cost is normally cheaper than two policies. However, the policy will end on first death.
As with all insurance policies, conditions and exclusions will apply
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Your home may be repossessed if you do not keep up repayments on your mortgage
Simmonds Mortgage Services is an appointed representative of Stonebridge Mortgage Solutions Ltd and can source the most appropriate cover from its panel of insurers with a free review of you overall protection and insurance needs. As with all insurance policies, conditions and exclusions will apply.