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  • FIRST POST
    • Maryes85
    • By Maryes85 7th Jan 18, 5:55 PM
    • 1Posts
    • 0Thanks
    Maryes85
    Life insurance advice
    • #1
    • 7th Jan 18, 5:55 PM
    Life insurance advice 7th Jan 18 at 5:55 PM
    Hi
    Iím 32, do not have a mortgage or dependants as yet (one day I plan to). I am also in good health.
    I am now earning good salary so would like to take out life insurance policy with critical illness cover. Wherever I look itís all depending on mortgage and children for the length and amount of cover.

    Please can someone advice what length and amount of cover I would need?

    Kind regards
    Mary smith
Page 1
    • Malc00
    • By Malc00 7th Jan 18, 6:13 PM
    • 26 Posts
    • 6 Thanks
    Malc00
    • #2
    • 7th Jan 18, 6:13 PM
    • #2
    • 7th Jan 18, 6:13 PM
    What is making you look into life and CIC cover? That might help you understand what term you require and how much you need.

    I would suggest that if you are looking for an income replacement if you were ill to explore income protection. This provides a monthly income if you aren't well enough to work after a deferred period as opposed to a lump sum through Critical Illness Cover and it has to be one of the conditions covered.
    • EdGasketTheSecond
    • By EdGasketTheSecond 7th Jan 18, 6:43 PM
    • 376 Posts
    • 212 Thanks
    EdGasketTheSecond
    • #3
    • 7th Jan 18, 6:43 PM
    • #3
    • 7th Jan 18, 6:43 PM
    You don't need life insurance with no dependants. Sounds like you want illness/injury cover only which is different. Life insurance pays out a lump sum only if you die; not much use to you then.
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