Is combined Life Insurance and Critical Illness Insurance a good approach?
Yes, this is the most cost effective way to arrange both
kinds of cover.
Combined policies are available and usually represent very
good value for money.
If you have a combined policy, the term and sum insured
will be the same for both your life cover and your critical illness cover.
If for any reason you want these details to be different, this can be
arranged. You will just need to phone the Help Desk at Brokers Online
on 01625 416 280.
If you opt for a combined Life Insurance and Critical Illness
policy you should be aware that if the policy pays out because of Critical
Illness, then it is finished and will not pay out again if you were to
die. If you were to want your life insurance to continue after a critical
illness claim, then you will need to take out separate critical illness
and life policies.