Which optional extras are important?
Critical Illness Cover and Waiver of Premium are both
worth thinking about.
If you take out Critical Illness Insurance,
then you will be able to claim if you find yourself unable to work because
of one of the illnesses listed in your policy. Each Insurance Company
has its own list of critical illnesses, but you’ll find an example
list at the relevant question noted below.
You’ll also find that it is more economical to include
Critical Illness in a Life Insurance policy than to have two separate
policies.
The other add-on that is well worth considering is Waiver
of Premium. This is an extra which means that the Insurance Company
would pay your policy’s monthly premium if you were off work as
a result of illness or unemployment. This isn’t expensive, but could
allow you to keep the policy in difficult circumstances.
Other relevant questions…
Which illnesses qualify
as critical?
What
are the benefits of Critical Illness Insurance?
Is
combined Life Insurance and Critical Illness Insurance a good approach?
What happens if I
don’t pay my premiums?
Is Life Insurance for me?
What else do I need to know about Life Insurance?
How do I get a Life Insurance Quote?
How do I choose the right policy for me?
What if I need cover to be arranged quickly?
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How are premiums calculated?
What if I have to make a claim?
Do I need Mortgage Life Insurance instead?
Should I consider Critical Illness cover?
What other sorts of Insurance should I think about?
How do I make a complaint?
What do I need to know about the law and Life Insurance?
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