Life Insurance

[Young Foster]

Hi
Can anyone tell me if I take out a joint 10 year life insurance policy and the policy comes to the end is there cash back after the full term?
Thanks for your help.

[Ethel]

Not usually, unless it is a 'with profit endowment'.

It is usually better value to have ordinary life insurance and save the difference every month - the insurance is far more expensive and the returns low.

Good little guide here:

http://www.investmentguide.co.uk/lifewit2.htm

[factor-fiction]

I agree with Ethel. If it's term assurance just for that ten year period then there is no cash back- you are simply covered against dying in the10 year period. You need to read your policy terms