Critical illness cover (merged)

dunstonh

welshmule wrote: »

Son has just gone self employed - needs insurance to be covered for any sickness or worse still injury(plays a lot of football):eek: - what sort of cover should he be looking for - any recommendations? Thanks

Permanent Health Insurance (PHI) is what he needs.

LRoche05

I have recently been diagnosed with a heart murmur and am currently going through tests to find out how bad it is. Reading through my critical illness policy, I read that it may be possible to get my mortgage paid off if I have to have open heart surgery or if it means I am unable to do my current job (legal secretary). Does anyone have any experience of this or can direct me to where I can find out more.

Thanks in advance,

Laura

dunstonh

can direct me to where I can find out more.

Your policy document or IFA (if you used one).

RGP

kdowner wrote: »

I am looking for illness cover in case I ever become really sick, and am unable to go to work and pay the rent and look after my partner. What is the best company to go for? I already have life insuarance with Direct Line, but would need illness cover, even if it's a broken leg, and unable to return to work for shorter periods of time.

Thanks

Hi kdowner you might find some useful information on this here, or give them a call and they can advise you. I notice you have life insurance with Direct Line, if you go directly through a term insurance specialist you can save a lot on the monthly premiums.

Martin has a section on the site about this as well here.

Andrew24620

Hi Laura
You could also contact the insurer who you took the policy out with. Their claims team should be able to answer your questions.
A

mizmir

I am looking to top up a mortgage protection/CIC policy - currently have two with Norwich Union - but they are lower value and shorter term than the current mortgage. I can get a new guaranteed premium policy from Aviva (same as NU?) for the full amount for the full term for about the same price as topping up the old policies. Is there any disadvantage or anything I should be aware of in cancelling the old policies and taking out a new one?

stephenni1971

CIC definitions changed a few years ago and some things were removed, others added.

If you are going through an IFA they should be doing the due diligence and informing you of any aspects of the new policy which are less than the ones being replaced.

If you are doing it on your own then you'll have to look at it yourself.

rupertb_2

The risk to the insurer is different for a family income protection policy, the FIP essentially has a decreasing level of cover as the closer you get to the end of the term the less the insurer will have to pay out as it provides a monthly benefit to the end of the term. Without any details from you if the critical illness cover has a flat level of cover the risk of it paying out £100,000 in the first year is the same as that in the final year, the risks are very different in the eyes of the insurer and the reason the FIP is alot cheaper as you are getting less cover.