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We're not big fans of critical illness policies.
While some may be worried that 'cheaper isn't better', with level term assurance there's no investment element as the payout is fixed; and there's no argument over whether someone is dead so this is a truly simple policy in fact in most cases, provided you've disclosed adequately..
"It's simply a case of the cheaper the better!"
Life insurance makes sense, it's like savings.
But what if an accident happens. You need the health insurance more.
superdry wrote: »
With life insurance (fixed), if my health deteriotes or, as an example, i have a heart attack in 5 years time do I need to change the policy, or does the amount I pay monthly stand?
AceT wrote: »
Just looking into this since the spawn of this thread and wondered if it is still possible to get a level term assurance plan with a cash in value so if you decide at some point to cancel then you receive a portion of cash back.
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