Decreasing Life Cover or Level Life

GMC

Registered User
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35
FTB any recommendations on which I should go for, Decreasing Life Cover or Level Life Cover, 30euro per month is the difference between each policy.
 
Personally, I would recommend decreasing cover. At the end of the day all you need is for your mortgage to be paid off.

Depending on your personal circumstances and if you want to leave a little extra for those you leave behind, you should consider taking out a separate level cover policy (consider index-linking it to protect against inflation). That way your mortgage will be repaid and you will be leaving something behind for your family.
 
Thanks for that, the extra 30 a month I'm sure will come in handy for bills etc. I have a life policy from my work so if something did happen they would be left with it, so I guess once the mortgage is covered thats whats important.
 
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