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Critical Illness Policy
script
Posts: 718 Forumite
I have a small critical illness policy, I know if I want to keep the policy going I would have to pay for it from any surplus income.
The policy pays a lump sum if I get a critical illness – if this happened during my B/R would I send it all to the OR.
I wouldn’t mind – because without B/R it would have to be used to pay the debts anyway.
I’m only asking so, if the worst did happen I would know what to do.
The policy pays a lump sum if I get a critical illness – if this happened during my B/R would I send it all to the OR.
I wouldn’t mind – because without B/R it would have to be used to pay the debts anyway.
I’m only asking so, if the worst did happen I would know what to do.
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Comments
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Not 100% sure im correct but im sure i read a previous reply that said you could by these policies back from the OR for £50.00 so that he doesnt have any interest in them. If you don't then the OR would get the money.0
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:pB&SC No. 298
Life`s Tragedy is that we get OLD too soon
and WISE too late!0
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