Are you looking for the Best Joint Life Insurance deal available today?

eInsured Life Insurance
Call Now For a FREE
No-Obligation Quote
In Seconds
0808 163 1263
Mon to Fri 9:30am-8pm
Get Your Free No Obligation Life Quote In Seconds
Type of Insurance *
Type of cover *
Amount of cover *
Type of premium *
Over what period? *
First Name *
Last Name *
Date of Birth *
Do you smoke? *
Is this a joint application? *
Postcode *
Home Phone Number *
Mobile/Work Phone No *
Email Address *

How Joint Life Insurance Policies Can Be Beneficial For Married Couples Cover

Joint life insurance covers two or more persons with the first death policy benefit payable upon the death of one of the parties insured. Since the probability of having to indemnify the death claim is higher for the insurer, the premium for a joint life insurance is significantly more expensive than for a policy that insures single person, so check this when searching life insurance quotes before you make a decision. Especially with money back joint life insurance policies . A joint life insurance policy is ideal for married couples, a couple that are engaged, newlyweds, newly married or business partners as it provides a type of coverage that is suitable to parties who have an interdependent relationship.

Types of Cover

For a life policy that covers two people, there are variations in terms of its death benefit. There are insurance policies that pay out at the first death, and there are those that pay out on the last death. The first type is the most commonly used simply because it sounds more rational than the second one. The second type of policy is used whenever two or more people who have high risk occupations have shared interests in protecting the same assets. For instance, a last-death life insurance policy is appropriate in trusts written in the names of a married couple's children. In the event the last parent dies, the children would receive the money without having to go through surrogate court proceedings.

You may wonder if a joint policy, with its higher premiums, is better than two individual life insurance policies together. The answer lies on the circumstances in which the policy is contracted. However, it is important to note that the price of two separate life insurance policies is often higher than a joint one with the same coverage.

Cover for Business Partners

Financial advisors usually recommend using joint life insurance policies in business settings because businesses must utilize every means possible in order to save money. A perfect example to illustrate this would be a small business set up by two business partners. Both business partners can greatly benefit from a joint insurance policy because even if one of them meets his untimely demise, the business would still continue.

Life insurance for married couples

Just as it is ideal for business partners to enter into a joint life insurance, married couples can also benefit from a similar type of insurance plan. A joint life insurance that pays at the first death would be an ideal one for married couples as a loss of one can be devastating to the family both financially and emotionally.

Top Insurers Including
Why eInsured Life Insurance

Is your Life Insurance cover costing you too much?

Life insurance cover is something which has actually dropped in cost over recent years. Anyone who has arranged Life Insurance cover more than a few years ago could be surprised at how much it may be possible to save.

Critical illness Insurance

Critical illness is another cover which has also changed shape quite considerably, with many companies now only offering review able critical illness quotes.

Mortgage Payment protection

Mortgage Payment protection and Private Medical insurance are also two other areas of cover where we may be able to offer advice and assistance.