critical illness cover linked to mortgage

fairycake

Quick question please.
hubby has critical illness insurance . he is having blood pressure problems and there is a possibility that he may have to give up the particular type of driving he does as a job and put on light duties at the same company. If that did happen and he was thought unfit to continue driving, would the critical illness pay out, although he would still be in employment, but not the job he should be doing.
thanks

koexelek

Really depends on the terms and conditions and critical illness definitions of the actual policy in question.
Best to contact the insurance company direct to ask

kingstreet

Check with insurer for clarification, as suggested.

If he is still employed, I can't see him being able to claim on any insurance product yet. Critical illness cover has no definition of high blood pressure and the income benefits such as Permanent Health and Mortgage Payment Protection may not kick in unless his income dropped away completely.

As he will find it more difficult to get cover at normal terms in future, he should keep what he has in case he develops a condition for which he can claim in the years to come.

maninthestreet

High blood pressure is probably not going to be considered a 'critical illness' - I suspect this will be classified as some sort of 'manageable condition'.

DVardysShadow

kingstreet wrote: »

Check with insurer for clarification, as suggested.

Wait until it happens before checking. Some insurers have been known to cancel policies if they appear to be at risk of paying out.