What Cover Do I Need ?

When deciding on the level of cover necessary, you need to consider your personal situation. Most notably, childcare costs, university fees, mortgages and other debts, as well as any investments such as pensions. Some people may decide that their savings and pensions provide enough financial security for their families and they need life insurance only to cover their mortgages. Homeowners on repayment mortgages, for example, can opt for a decreasing term assurance when the cover and monthly premiums decrease by a fixed amount each year in line with the mortgage debt. In most cases, it is worthwhile seeking independent financial advice. Life Assurance What Are Premiums Based On ? Term or Whole Life ?