Decreasing Term Insurance - help!

fatboyonadiet

I've been reading through the MSE guides but still a bit unsure as to what to do, we currently have a Decreasing Term Insurance without profits for 2 people covering death and critical illness.

We're currently with Legal and General and paying about £17 a month for £300k of cover, I wanted to increase this to £400k, as I own 3 properties and wanted it to cover the mortgage on all of them.

I'm a bit confused about the differences between all the different policies, if it helps we would need the cover for around 23 years (longest mortgage)

claretmatt

I'm not sure whether one policy would suit coverage on 3 different properties as they may have different terms or different mortgage types (repayment V interest only)

I would personally consider 3 individual policies to cover each individual need. Finally £17 seems very cheap for the level of cover you have. Is it definately critical illness or terminal illness? I'm also not a huge fan of L&G for cic owing to underwriting approach and definitions considered

fatboyonadiet

Sorry it's terminal illness