How does it work?
How much cover do you need?
You don’t want to be overinsured, but the last thing you want to do is to be underinsured, take a look at the list below and start to build a picture step by step of the impact that loss or earnings or income may affect your family and finances:
- Write down your approximate mortgage balance.
- Write down all your essential monthly costs to include monthly mortgage payment utility bills, council tax, insurances and basic food costs per month, add this sum up.
- If you or your partner passed away what bills would not be covered what impact would this have to your income, you may have to half or even more than half your income, what affect does this have in the costs you detailed above.
- If one of you got critically ill and could not work for 12 months (or longer) what would be the financial impact on the family, someone who is critically ill can have a bearing on both incomes as one person may need to provide time and support to the other as well as possible lifestyle changes.
When you have answered the above you can start to get a balanced view of how a possible death in the family and or critical illness may affect your finances lifestyle and income.
How does it work?
Our live quote comparison site will give you an indication of what it would cost, BUT its always subject to underwriting from the insurer, this is based on your age, weight height, and any previous medical conditions, you will be required to complete a simple online medical questionnaire then we can provide you with true monthly costings.