\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> What is not covered?<\/strong> Most policies have some exclusions that are not covered. For example, they may not pay out if you die due to drug or alcohol abuse, and you normally have to pay extra to be covered when you take part in risky sports.<\/p>\n If you have a serious health problem when you take out the policy, your insurance may exclude any cause of death related to that illness.<\/p>\n Other insurance products are available to protect against these issues which cover total and permanent disability, long-term illness, or critical illness cover.<\/p>\n","protected":false},"excerpt":{"rendered":" Choosing the right type of cover \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… 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":[6],"tags":[],"_links":{"self":[{"href":"https:\/\/www.vizionwealth.co.uk\/news\/wp-json\/wp\/v2\/posts\/1645"}],"collection":[{"href":"https:\/\/www.vizionwealth.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vizionwealth.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vizionwealth.co.uk\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vizionwealth.co.uk\/news\/wp-json\/wp\/v2\/comments?post=1645"}],"version-history":[{"count":0,"href":"https:\/\/www.vizionwealth.co.uk\/news\/wp-json\/wp\/v2\/posts\/1645\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vizionwealth.co.uk\/news\/wp-json\/wp\/v2\/media?parent=1645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vizionwealth.co.uk\/news\/wp-json\/wp\/v2\/categories?post=1645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vizionwealth.co.uk\/news\/wp-json\/wp\/v2\/tags?post=1645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n\u2022 Affordability\u00a0\u2013 a joint life policy is
\nusually more affordable than two separate single policies
\n\u2022 Cover needs\u00a0\u2013 do you both have the same life insurance needs, or would separate policies with different levels of cover be more appropriate?
\n\u2022 Work benefits\u00a0\u2013 if one of you has work \u2018death in service\u2019 benefit, you might only need one plan
\n\u2022 Health\u00a0\u2013 if your joint policy is with someone in poor health, this may increase your monthly payments<\/p>\n
\nLife insurance only covers death \u2013 if you can\u2019t provide for your family because of illness or disability, you
\nwon\u2019t be covered.<\/p>\n