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Life and critical illness insurance
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andycarmi
Posts: 1,072 Forumite
Hi Group
This is just a quick question for those of you in the know. I have at presant got the above insurance for my mortagage, however since we have moved i have never increased the level of cover. My mortagage is for £125000 but my level of cover is only £73000.
My wife is now expecting are first child so I think that i should get this sorted out now rather than later. Is it possible to have 2 Life and Critical illness policys running side by side or do I have to cancel the one I have now and take out a new one??????
Thank You
Andy
This is just a quick question for those of you in the know. I have at presant got the above insurance for my mortagage, however since we have moved i have never increased the level of cover. My mortagage is for £125000 but my level of cover is only £73000.
My wife is now expecting are first child so I think that i should get this sorted out now rather than later. Is it possible to have 2 Life and Critical illness policys running side by side or do I have to cancel the one I have now and take out a new one??????
Thank You
Andy
0
Comments
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You can have as many as you like as long as the CI sum assured does not exceed 500kI am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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