What is Joint Term Life Assurance 

A joint insurance plan covers two individuals under a single policy and is primarily designed to cover couples. This approach offers multiple benefits for both partners. It offers a payout on the death of either of the two insured and, in some cases, provides a regular income to the surviving partner. In the event of death of one of the partners, the other partner becomes the beneficiary.

Instead of taking separate individual policies, joint term insurance can prove to be a better fit, particularly for young couples. Joint insurance eliminates the need to take two separate insurance policies for both partners. The sum assured in a joint plan is calculated on the basis of several factors including the primary policyholder’s age, medical history, income and lifestyle. For the secondary policyholder, the age and medical condition are taken into account.




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15minutelifeinsurance.co.uk is a trading name of Greyfriars Estate Planning Limited which is registered in Scotland no. SC636756.
Registered office, Springfield House, Laurel Hill Business Park, Stirling, FK7 9JQ.



The 15 Minute Life Insurance Service provides policies underwritten by AIG Life, which include access to Smart Health services which are provided by Teladoc Health
We want to let you know that these services are non-contractual, which means they don’t form part of your insurance contract with us. If our partnership with Teladoc Health ends, the service can be withdrawn at any time without notice. Please note the maximum cover across all AIG Instant Life Insurance policies is £600,000 if aged 17 – 45 or £350,000 if aged 46 to 55.

 Authorised and regulated by the Financial Conduct Authority. Greyfriars Estate Planning Limited is entered on the Financial Services Register https://register.fca.org.uk/ under reference 912820.  A summary of our internal procedures for the reasonable and prompt handling of complaints is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at www.financial-ombudsman.org.uk or by contacting them on 0800 0234 567. If you wish to register a complaint, please write to us at the address above or email us at info@greyfriarsestateplanning.co.uk