Joint Life Insurance

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A common question asked when people take out life insurance is "do I need a single or a joint life insurance policy?"

If you are looking to cover a mortgage than its most common for people to take out a joint policy. This is because if you or your partner were to pass away, the mortgage would be paid and the second persons cover would be redundant.

If you are looking to protect your family and finances are not an issue then sometimes a single policy for both you and your partner will make sense. e.g. if one of you passes away then the second person still has their cover in place should the worst happen to them.