A08. The loan I want to protect is in joint names. Can we both take cover?

Yes. It is possible to apply for joint cover. You can choose to split the level of cover in whatever proportion you wish but in general it should be split roughly in the same proportions as your respective earnings. However, you must understand that the total cover between you must not exceed your joint financial commitment e.g if your loan repayment is £400 the total of your joint monthly benefits should not exceed £400.