L
Legion2008
Guest
Ok, I'm currently looking into my existing level of cover for both myself and my wife. We've 2 kids.
We've currently got a life assurance/serious illness/mortgage protection policy on a level term. My intention is to separate life/illness protection from the mortgage protection and put the mortgage protection on a decreasing value policy.
So my question is what multiple of salary should I be looking at for the life assurance and serious illness policies for both myself and my wife? I have a death in service payment in my current place of work, however there's no guarantee that I will remain working there over the long term.
We've currently got a life assurance/serious illness/mortgage protection policy on a level term. My intention is to separate life/illness protection from the mortgage protection and put the mortgage protection on a decreasing value policy.
So my question is what multiple of salary should I be looking at for the life assurance and serious illness policies for both myself and my wife? I have a death in service payment in my current place of work, however there's no guarantee that I will remain working there over the long term.