\u2018Single life\u2019 policies cover just one person. A \u2018joint life\u2019 policy covers two people, and when one person on the policy dies, the money is paid out and the policy ends. You will need to decide whether the joint policy pays out on first or second death, as this will determine when the policy ends.<\/p>\n
When choosing between these options, think about:<\/strong><\/p>\n Affordability\u00a0\u2013 a joint life policy is usually more affordable than two separate single policies Work benefits\u00a0\u2013 if one of you has work \u2018death in service\u2019 benefit, you might only need one plan When it comes to your life insurance, you\u2019ve got options If you want to continue to make sure your family are looked in the event of your premature death, then you should consider your life insurance options. Life is complicated and can be unpredictable, so it\u2019s important that you assess which different types of life… Read more »<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.pksassociates.co.uk\/news\/wp-json\/wp\/v2\/posts\/2660"}],"collection":[{"href":"https:\/\/www.pksassociates.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pksassociates.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pksassociates.co.uk\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pksassociates.co.uk\/news\/wp-json\/wp\/v2\/comments?post=2660"}],"version-history":[{"count":0,"href":"https:\/\/www.pksassociates.co.uk\/news\/wp-json\/wp\/v2\/posts\/2660\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.pksassociates.co.uk\/news\/wp-json\/wp\/v2\/media?parent=2660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pksassociates.co.uk\/news\/wp-json\/wp\/v2\/categories?post=2660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pksassociates.co.uk\/news\/wp-json\/wp\/v2\/tags?post=2660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nCover needs\u00a0\u2013 do you both have the same life insurance needs, or would separate policies with different levels of cover be more appropriate?<\/p>\n
\nHealth\u00a0\u2013 if your joint policy is with someone in poor health, this may increase your monthly payments\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"