The idea behind any type of life insurance is to have the reassurance that you have financial protection in place for you and your loved ones if the worst happens.
\n<\/p>\n
It\u2019s the knowledge that in the event of a valid claim, a tax-free lump sum would be paid out to provide the financial help, and breathing space, needed during a difficult time.<\/p>\n
There is more than one type of life insurance, so how do you know which policy is right for you? <\/strong> When choosing between these options think about:<\/strong> When it comes to life insurance, you’ve got options The idea behind any type of life insurance is to have the reassurance that you have financial protection in place for you and your loved ones if the worst happens.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-3716","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.rmw-ifa.co.uk\/financialnews\/wp-json\/wp\/v2\/posts\/3716","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rmw-ifa.co.uk\/financialnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rmw-ifa.co.uk\/financialnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rmw-ifa.co.uk\/financialnews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rmw-ifa.co.uk\/financialnews\/wp-json\/wp\/v2\/comments?post=3716"}],"version-history":[{"count":0,"href":"https:\/\/www.rmw-ifa.co.uk\/financialnews\/wp-json\/wp\/v2\/posts\/3716\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.rmw-ifa.co.uk\/financialnews\/wp-json\/wp\/v2\/media?parent=3716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rmw-ifa.co.uk\/financialnews\/wp-json\/wp\/v2\/categories?post=3716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rmw-ifa.co.uk\/financialnews\/wp-json\/wp\/v2\/tags?post=3716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n\u2018Single life\u2019 policies cover just one person. A \u2018joint life\u2019 policy covers two people and when one person on the policy dies, the money is paid out and the policy ends. You will need to decide whether the joint policy pays out on first or second death, as this will determine when the policy ends.<\/p>\n
\n– Affordability\u00a0\u2013<\/strong> a joint life policy is usually more affordable than two separate single policies
\n– Cover needs\u00a0\u2013<\/strong> do you both have the same life insurance needs, or would separate policies with different levels of cover be more appropriate?
\n– Work benefits\u00a0\u2013<\/strong> if one of you has work \u2018death in service\u2019 benefit, you might only need one plan
\n– Health\u00a0\u2013<\/strong> if your joint policy is with someone in poor health, this may increase your monthly payments<\/p>\n","protected":false},"excerpt":{"rendered":"