new house - life cover

leigh_boy · 20 May 2014 at 16:30

so the mortgage on the new house says we must have life cover, the morgage broker has out of the blue sent us a quote and its £43 a month. the mrs says this is high, i have no idea if this is good or bad. can any one point me in the right direction.

thanks in advanced

leigh_boy · 20 May 2014 at 16:43

it was life cover with critical illness cover also. for a sum of 153k over 30 years
the £7 - £10 pm is that Per person or combined?

leigh_boy · 21 May 2014 at 16:35

our ages are young me 25 the mrs 31, our work auto enrolled in to westfield health but the pay outs would not cover the mortgage. I found one for £12 a month and annual premium of £43. i think it would be wise to get the health cover as the mrs has been having issues with her heart recently and is inherited on her side of the familey.

leigh_boy · 21 May 2014 at 16:48

thats a fair point her condition has not been confirmed as of yet.
if it was the house value it would be more then 153k thats for sure

would add another 100k on top thank god thats not the case