Q. Can we have a joint policy or do we need to have an individual one?

Yes policies are available for both individuals and couples.

Q. Who can purchase a life insurance policy?

Theoretically anyone can purchase a policy, but it will be down to the individual insurer that you meet their criteria, certain restrictions apply such as age, insurable interest etc.

Q. I have read there are different types of life insurance. Is this correct?

Yes. There are many different types of life insurance, the 2 most common being Term insurance and Whole of life, the subject is to vast to cover here and you should talk to an expert before making any commitments.

Q. How much will it cost?

This is dependent on several factors such as age, sex, if you smoke and the length and type of policy.

Q. Who benefits from the proceeds if I die?

Who benefits is entirely up to you, most people arrange it so that their family receives payment, but the beneficiary can be anyone.















 

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