Call us
01242 697821

Blogs

Keep up to date with the latest news and our guides on all things mortgages. 

Do you need joint life insurance?

Have you ever wondered whether you and your partner should be on one single life insurance policy? Or should you each have your own? In this article, we go into joint life insurance options. But like most things insurance-wise, we are here to demystify the process. Here is a quick outline to get you thinking about the options. But just hit ‘reply’ for an instant chat about your life cover. 

So, do we need a joint life cover policy? Or one each?
The other person's policy is affected in the event of claiming on one person. Think, if a claim arises on a joint life plan. The surviving life would lose their cover. Unless the insurer offers a life or critical illness buyback option.  

More cover for a fraction of the cost 
If something happens to you and your partner. Your loved ones would receive double the payout. Each half has their own policy to provide financial support. . Should the worst happen.  

The case for joint cover 
There are scenarios where joint cover is the most appropriate option. The most obvious is where the sole purpose of coverage to repay a debt. Such as a mortgage. 

What about dual cover?
Dual life cover is a fairly recent innovation. Where a couple is covered under their own separate personal policies. Packaged together like a menu plan. The advantages of dual cover are effectively those highlighted above. With the added benefit of everything being packaged together and discounted multi-policy rates.

What must you consider? 
Two single life plans provide more coverage and more flexibility. It is, however, more expensive. The options need to be explained clearly to understand the cover options.

Speak to us today to understand more about your life insurance options. 

SPEAK TO AN ADVISER

 

Related

Look after your health to ensure you are ready to work

Look after your health to ensure you are ready to work

Managing money and bills self-employed can feel like a juggling act. Especially since you don't ...

Read More >
Mortgage product transfer vs. remortgage

Mortgage product transfer vs. remortgage

When it comes to managing your mortgage, there often comes a point where you need to make a decision...

Read More >
Do you need Private Medical Insurance?

Do you need Private Medical Insurance?

Private Medical Insurance (PMI) can be expensive. Unfortunately, the NHS is under a great deal of st...

Read More >
How much equity can I release with a lifetime mortgage?

How much equity can I release with a lifetime mortgage?

A lifetime mortgage is a type of equity release. In simple terms, it’s a loan secured against the v...

Read More >
Can a lifetime mortgage help your growing family?

Can a lifetime mortgage help your growing family?

Congratulations on becoming a grandparent! Equity release can be a way to access value tied up in yo...

Read More >
Selling this spring? Top tips to get your house ready for sale!

Selling this spring? Top tips to get your house ready for sale!

Firstly, let’s ask, how does your house look from the street? First impressions are so important wh...

Read More >

What our clients say...

Latest Blog

Key Changes to Stamp Duty

As of April 1, 2025, significant changes to the UK's Stamp Duty Land Tax (SDLT) have come into effec...
Read More

Here are some tips for managing bills and finances when you don’t have a regular income

Managing money and bills self-employed can feel like a juggling act. Especially since you don't have...
Read More

Look after your health to ensure you are ready to work

Managing money and bills self-employed can feel like a juggling act. Especially since you don't have...
Read More

Is equity release available for the self-employed?

Are you self-employed, retired, or unemployed and looking for equity release? Are you wondering if y...
Read More

Why income protection & critical illness cover are extra important for the self-employed

If you're self-employed in the UK, income protection and critical illness cover are extra critical. ...
Read More

Do you need extra building and content insurance policies in place if you work from home?

Maybe you've spent a bit of time putting together your business. Now everything is going well, you w...
Read More

Can I get a mortgage if I’m self-employed? Plus other commonly asked employment questions

Work habits in the UK continue to evolve and change. And so, the mortgage industry is addressing con...
Read More

Health Insurance and Buying a New Home: Why They Go Hand in Hand

Buying a new home is an exciting milestone but also a significant financial commitment. While health...
Read More

Selling this spring? Top tips to get your house ready for sale!

Firstly, let’s ask, how does your house look from the street? First impressions are so important wh...
Read More

What insurance do you need to buy a home?

Are you buying a home in 2025? You’ve sorted out your finances, found the perfect home to buy, and ...
Read More


Fairview Financial Ltd is an appointed representative of The Right Mortgage Limited, which is authorised and regulated by the Financial Conduct Authority. Fairview Financial Ltd is registered in England and Wales no: 10912424. Registered office: 107 Promenade, Cheltenham, GL50 1NW.

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

@ 2020 by Fairview Financial

Our Fees        

A fee may be charged for mortgage advice. The exact amount will depend on your circumstances.

Our standard fee for mortgages is £395 and this is paid when the mortgage is offered. We charge a fee of £295 First-Time Buyers. Other fees may apply depending on the complexity of the work involved or loan amount. The maximum fee we can charge is £795.

Our standard fee for Equity Release is £895 and this is paid on completion.

We also receive a commission from the lender that will vary depending on the lender, product or other permissible factors. The nature of any commission model will be confirmed to you before you proceed. If we receive a commission, this will not affect the cost payable by you.

THINK CAREFULLY ABOUT SECURING OTHER DEBTS AGAINST YOUR HOME.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBTS SECURED ON IT.

BUY TO LET MORTGAGES ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.

EQUITY RELEASE: THIS IS A LIFETIME MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS, PLEASE ASK FOR A PERSONALISED ILLUSTRATION. CHECK THAT THIS MORTGAGE WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT. IF YOU ARE IN ANY DOUBT, SEEK INDEPENDENT ADVICE.


  • Back to top