Joint or single policy for critical illness insurance

hellok

Hi all, 

A bit of background: I am currently looking for a decreasing life insurance for mortgage (including both myself and my partner), also looking to add critical illness cover
However, all of CI within the cover packages (LI + CI) I found online only cover the first claim, while I am looking for something to cover a situation like, we receive paid-out x2 if touchwood we both have CI. 

What would be the common way for buying insurance under this circumstance ?
package (LI for mortgage +CL for myself) then separate CL for my partner ?
or LI for mortgage + standalone CL X2 ?
or I should split the mortgage amount/2 and get 2 separate (LI + CL) ?

Thank you so much

dunstonh

However, all of CI within the cover packages (LI + CI) I found online only cover the first claim, while I am looking for something to cover a situation like, we receive paid-out x2 if touchwood we both have CI.

You can set up the product however you like.   Any inability to quote the way you want it is down to the systems you are getting quotes from.

However, why do you need to pay out twice to cover your mortgage?

Your mortgage debt exists once.   Any payout only needs to be made once.    So, joint life, first death would be the norm.

If you want additional cover (such as income replacement, family protection etc) then a level term assurance would typically be used (or one of the other types to a lesser extent - such as family income benefit or whole of life assurance).

Some providers will allow you to have many multiple segments within their plan (i.e. one for th emortgage, one for income replacement, one for family protection etc).  Others will require multiple plans.

Weighty1

Dunstonh has hit the nail on the head.  Whilst in some circumstances there is value in having 2 separate plans, you can only repay the mortgage once so why have 2 plans when this is more expensive than a single plan?  If there are other needs which mean you would still need cover after the mortgage has been repaid then these should be dealt with via separate plans not by trying to fit a round peg into a square hole.