Old Policy:
Legal & General decreasing life cover, £100,000, term to age 65 (≈12 years left), premium £13.40/month.
New Policy:
Scottish Widows level life cover, £150,000, term to age 68 (20 years), premium £16.92/month.
“It’s just so that if anything ever happened to me, my partner and the kids won’t be left struggling with bills or the mortgage. I just want to know they’ll be secure.”
Old Policy:
Legal & General family protection (decreasing), £50,000, term to age 55 (≈8 years left), premium £11.20/month.
New Policies:
LV decreasing life cover, £120,000, term to age 65, premium £14.50/month.
Scottish Widows level life cover, £100,000, 25 years (to age 50), premium £9.90/month.
Total new premium: £24.40/month.
LV Policy (46:32):
“This one’s mainly for the mortgage – I want to know if anything happened to me, the house is safe for the kids.”
SW Policy (52:10):
“And with this one, it’s more for family protection generally, so my children have money to fall back on as they grow up.”
Old Policy:
HSBC decreasing mortgage cover, £80,000, term to age 60 (≈10 years left), premium £18/month.
New Policy:
Legal & General level life cover, £100,000, 20-year term (to age 70), premium £21.05/month.
“The cover is really just to make sure if I wasn’t around, my partner and the kids
would have the money they need to keep the house going and not have to worry about money on top of everything else.”
Old Policy:
Aviva decreasing cover, £50,000, ≈8 years left (to age 58), premium £12.80/month.
New Policy:
Legal & General level life cover, £80,000, 20-year term (to age 68), premium £19.88/month.
“It’s peace of mind really – I don’t want to leave debts or leave my family in a mess. This way I know things will be sorted if anything happens.”
Old Policy:
Post Office decreasing life cover, £60,000, ≈12 years left (to age 55), premium £15.60/month.
New Policy:
Legal & General level life cover, £100,000, 20 years (to age 67), premium £18.76/month.
“It’s for the mortgage and the kids, just so they’re safe. I wouldn’t want them losing the house if anything happened to me.”
Old Policy:
AXA policy cancelled in 2021 (term ended early, originally to age 60, premium unknown).
New Policy:
Guardian level life cover, £150,000, 25 years (to age 70), premium £23.12/month.
“It’s just to make sure my family’s okay financially. If I wasn’t here tomorrow, I’d want to know they could carry on without worrying about money.”
Old Policy:
Legal & General decreasing life cover, £75,000, ≈7 years left (to age 55), premium £16.00/month.
New Policy:
Legal & General level life cover, £100,000, 22 years (to age 70), premium £20.20/month.
“This policy is for my kids – it means if something happens to me, they’re taken care of and won’t struggle financially.”
Old Policy:
Aviva decreasing cover, £70,000, ≈9 years left (to age 58), premium £13.70/month.
New Policy:
Legal & General level life cover, £100,000, 20-year term (to age 68), premium £19.40/month.
“I just want to know that if anything did happen, everything’s in place and my family don’t have to worry about paying the bills or the funeral.”
Old Policy:
Legal & General decreasing mortgage cover, £60,000, ≈6 years left (to age 55), premium £12.50/month.
New Policy:
Scottish Widows level life cover, £100,000, 20 years (to age 70), premium £17.99/month.
“It’s really for the mortgage and to give me peace of mind – so if something happened, the house is paid for and my family are looked after.”
Old Policy:
Insurer: Legal & General
Cover: £70,000 decreasing life cover. Term: to age 55 (≈6 years left). Premium: £14.20/month
New Policy:
Insurer: Guardian
Cover: £100,000 level life cover
Term: 25 years (to age 65)
Premium: £18.50/month
“It’s to make sure if I wasn’t here, my kids are taken care of and they’ve got the house safe.”
Old Policy:
Insurer: Aviva
Cover: £50,000 decreasing life cover
Term: to age 57 (≈7 years left)
Premium: £12.10/month
New Policy:
Insurer: Scottish Widows
Cover: £80,000 level life cover
Term: 20 years (to age 67)
Premium: £17.40/month
“I just want peace of mind knowing the mortgage will be sorted and my husband won’t be left with the debt.”
Old Policy:
Insurer: Legal & General
Cover: £60,000 decreasing life cover
Term: to age 60 (≈9 years left)
Premium: £13.30/month
New Policy:
Insurer: Scottish Widows
Cover: £100,000 level life cover
Term: 20 years (to age 70)
Premium: £18.60/month
“It’s for my daughter really, so if I wasn’t around she wouldn’t have to worry about paying the house or bills.”
Old Policy:
Insurer: Aviva
Cover: £75,000 decreasing mortgage cover
Term: to age 58 (≈8 years left)
Premium: £14.90/month
New Policy:
Insurer: HSBC
Cover: £100,000 level life cover
Term: 20 years (to age 68)
Premium: £20.25/month
“It’s to cover the mortgage and make sure my family are alright financially if anything happened to me.”
Old Policy:
Insurer: Legal & General
Cover: £55,000 decreasing life cover
Term: to age 56 (≈5 years left)
Premium: £12.60/month
New Policy:
Insurer: Scottish Widows
Cover: £90,000 level life cover
Term: 20 years (to age 66)
Premium: £17.20/month
“I don’t want to leave my son with the mortgage or funeral costs – this way he’s protected.”
