I need to get life insurance for my first mortgage. I'm self employed and have a pension and I want the best option.
To me at the moment it seems that term insurance for the period of the mortgage seems like the best option. It seems like a necessity rather than a method of investment, I should use my pension to invest for the future. So I'm leaning towards getting the cheapest deal and going with that.
That'd be a nice quick decision but I have some questions which I hope you can give some impartial advice on.....
Should I consider a renewable term insurance so I can continue to add to the life insurance premium after the mortgae is paid or would I be better off investing in my pension?
Being self employed, should I include serious illness cover as part of my life insurance or is it better to insure against this separately?
Any pointers on best rates out there through brokers etc.
To me at the moment it seems that term insurance for the period of the mortgage seems like the best option. It seems like a necessity rather than a method of investment, I should use my pension to invest for the future. So I'm leaning towards getting the cheapest deal and going with that.
That'd be a nice quick decision but I have some questions which I hope you can give some impartial advice on.....
Should I consider a renewable term insurance so I can continue to add to the life insurance premium after the mortgae is paid or would I be better off investing in my pension?
Being self employed, should I include serious illness cover as part of my life insurance or is it better to insure against this separately?
Any pointers on best rates out there through brokers etc.