How long should you insure for?

20 to 25 years is most common but it really depends on how much you can afford and your personal circumstances.

If you are using your Critical Illness policy to protect a mortgage, then the policy should remain in force until your mortgage is due to be fully repaid.

For other purposes you should insure for the longest period you can afford. If you don’t, you could find yourself having to reinsure yourself at a much older age. Then you will find it much more expensive and, if your health has deteriorated, you may be unable to find insurance at any price!

2 years is usually the minimum term for a Critical Illness policy. The most common term being 20 to 25 years. You’ll also find that many companies will refuse to insure you beyond the age of 65 but a few will go to 70. However, in your 60’s, cover is becoming very expensive.

Frequently Asked Questions related to the above topic.
Click below if you wish to read them: -

• How much Critical Illness cover do you need?
• What conditions are considered critical?
• Is there a maximum / minimum premium for critical illness cover
• Will a claim for critical illness affect any State Benefits?
• What could critical illness cover be used for ?
• Will you need a medical ?
• Under a combined Life Insurance and Critical Illness policy, is the value of cover the same for both the Life and Critical illness provisions?
• Go to menu of Frequently asked Questions about Mortgage Life Insurance
• Go to menu of Frequently asked Questions about Life Insurance
• Go to menu of Frequently asked Questions about Critical Illness Insurance
• Go to menu of Frequently asked General Questions

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This web site is owned by Andromeda Webs Ltd. Andromeda Webs Ltd, is an Appointed Representative of Web Publishing House Ltd. Web Publishing House Ltd is authorised and regulated by the Financial Services Authority for insurance mediation.