advice again

aka666

ok lads me and the wife bought a house for 41000 witch me got life insurance for 41000 plus critcal ilness, witch as been running now for 7 years, we move our morgage and upped it to 81000 this year, so is it possible for us to get life insurrance with any insurrance company for just the other 40000, reason i,m asking this is if we keep the same policy thay wont 100 a month at the moment we pay 36 pound, so can we do this or i must cancel everything like critical ilness to bring it down to 47 pound

dunstonh

so is it possible for us to get life insurrance with any insurrance company for just the other 40000

Yes. There is no limit to the number of policies you can have.

Often,keeping the existing one and doing a top up can be the cheapest option (but not always). Also, older CI plans can have better terms than modern ones.

aka666

thxs that helps alot, 7 years ago i was a gym loving fit guys but the last 8 months having a little trouble with back so must have mri scan, so really wonted to keep that 1 and go for another 1 with with my present condition

ted501

be careful with critical illness cover. Read the T&c carefully. existing conditions may not be covered. As my wife found out, certain conditions when they occur are not covered even when you think they might be.

ted

aka666

well i decided to keep my contract with critcal ilness and 200 pound if wife loses her job or 1 of us dies thats 44000 at 36 pound a month been going now for 7 years ,going to open a new one for 36000 with just pay out on death at 11 pound a month