With so many options and types of life insurance policy to choose from online, it’s never been easier to arrange and compare cover.
All these options can feel a little bewildering at first, so the Cavendish team are here to help you find the policy that best suits your needs. Choosing the right policy is absolutely crucial, as choosing the wrong policy or not understanding what it actually offers could leave you underinsured.
Single and Joint Life Insurance policies are similar, but with a few key differences:
‘Single’ Life Insurance
Single policy life insurance covers one person and if the policyholder were to die during the term of the policy, their loved ones would receive a payout. If you and your partner were to decide to take out two separate ‘single’ policies, then a payout could then be claimed for each policy if both policyholders die within the term.
TIP: It’s worth bearing in mind, that in the event of separation or divorce, a ‘single’ life insurance policy still stands (as a separate individual) whereas joint life insurance might no longer be suitable.
Right For You
At Cavendish, we’re committed to providing our customers with the information they need to make an informed choice about what kind of policy is right for them.
We have plenty of useful information and guides on our website, in particular the difference between ‘term’ life insurance and ‘whole-of-life’ insurance (also known as life assurance).
Get In Touch
Many people who have a life insurance policy in place tend not to review it very often, however, it’s important to understand if the policy still meets your needs - that’s where Cavendish can help.
Call for a quote today...
Our team of expert protection consultants are here to help. Call for a quick quote and more information now:
(Monday to Friday, 10am to 6.30pm)