1.
Never assume that one companies policy is equivalent to the next! They can vary dramatically in the critical illnesses which are covered dosage specific benefits of each cover.
2.
Never withhold information from the critical insurance company.
Withholding medical information could cause any claim you have to make being reduced or not paid at all.
When you're unsure about a joint of information, tell the insurance company and let them check the full details with your doctor.
3.
Don't assume that buying critical illness plan without Life insurance coverage will work out cheaper.
In a great deal of cases, taking life insurance policy with your CI cover could actually lower the overall premium! 4.
Don't always assume that a joint policy could be more cost effective than two single policies.
A joint policy will only pay out once and in many instances it may only cost a few extra pounds to cover you both independently for the same amount.
5.
Don't have Decreasing Cover (Mortgage Critical illness uk) you need to understand to protect an interest only mortgage! Lowering cover is only suitable for capital and repayment mortgage loans and taking the coverage with an intention only mortgage implies your mortgage won't be paid off if an illness.
6.
Excellent ask about additional benefits of a particular policy.
These can include a children's illness benefit, hospital benefit, breast cancer cover and fracture cover.
You may find these justify a slightly higher premium!t quite sure which options are most effective for you or you'd simply like to clarify any questions you have, you can speak with one of our trained and friendly advisors who will love to help.