Under a combined Life Insurance and Critical Illness policy, is the value of cover the same for both the Life and Critical illness provisions?

The sums insured are usually the same but they don’t have to be.

STEP 1 of 2
Type of cover
Life Insurance       Mortgage Life Insurance
 
Cover Level (£)

Number of years
Do you want:  
Critical illness cover
Family income benefit
 

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What is Critical Illness cover?
Critical illness cover is an insurance which pays you a tax-free sum of money if you are diagnosed as having a serious,
Why, when you only want Critical Illness cover, should you consider combining it with Life Insurance?
Two good reasons: You are likely to save money! And if you died within the survival period (see below), the claim would still be paid under the terms of your Life Insurance.
Can You Include Your Children On A Critical Illness Policy?
Yes. Most insurers will automatically include children on your policy.
Will you need a medical if you apply for a critical illness policy?
In order to correctly assess the risk they are being asked to accept an insurance company may require further information from your GP or request that you undergo a medical. In most cases these medicals only take five or ten minutes.
What if you develop another critical illness or have a reoccurrence of a Critical Illness ?
After a successful claim the insured sum will be paid to you and that ends the policy. There can be no further claims.
If your combined Life and Critical Illness policy is specifically used to protect a mortgage, then yes, the sum insured should always be the same for both the Life and Critical Illness provisions.

If you obtain a quotation for a Life and Critical Illness policy, then the quotation will normally be based on the same sum insured for both the Life and Critical Illness provisions.

However, if for any reason you do want the insured sum for Life to be different to the insured sum for Critical Illness, then tell ClickLife when they phone you. They'll sort it all out for you !

Frequently Asked Questions related to the above topic.
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