Getting the priced quoted with legal and general

dunstonh

Reading the key features document it says that any claim for terminal illness cover won't pay out during the last 12 months of the plan.

Its a near standard exclusion.

That's a bit of a bummer for someone who has paid years of premiums. What is the idea behind it?

Terminal illness is payable for those with 12 months or less life expectancy. When you get into the final year you have less than 12 months left on the policy and allowing it could potentially extend the life assurance for another 11 months 364 days without paying for it if it was allowed.

OshayAway

It's a free benefit as there is no additional risk factor for the insurer. The benefit simply pays out early.

Having said that, a couple of insurers have now removed 'last x months' exclusion.