Have I got the right life insurance


Hi. I am after some advice on if I have the right life insurance or if we are paying to much please.

My wife and I have two children and are signed up with Scottish Widows but through our bank Halifax. We currently pay £26.74 a month which gives us a pay out of around £70.000 if I die and around £30.000 if my wife’s die’s.

I’ve been told by a few people that that monthly amount is a lot as the Halifax are probably taking a cut out of the amount as well. I’m really clueless with Life Insurance and can’t help but feel I may be paying to much?

Obviously I want to make sure my wife and kids are covered should the worst happen but also want to cut the monthly figure down where possible.

Any advice on which companies are good or types of covers to look for would be gratefully appreciated.



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