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FAQ Home | General Questions | Critical Illness Insurance | Life Insurance | Home and Contents Hot Topics
Which optional extras are important?You should consider adding Critical Illness Cover, Waiver of Premium and Indexation to your Life insurance policy. Terminal Illness cover will be included in your policy free of charge.Critical Illness Cover It is important to consider taking out Critical illness cover whether you combine it into your Life Insurance policy (which is by far the cheapest way to buy both insurances) or you take out separate policies (which gives you much more protection). If you do add Critical Illness cover to your Life Insurance policy then, if the policy pays out because of Critical Illness, the policy it is finished and will not pay out again if you were to die. However, if you want your Life Insurance to continue after a claim for Critical Illness, then you will need to buy separate Critical Illness and Life Policies. This costs more but you have, in practice, got a potential payout for critical illness AND another payout if you died whilst the Life policy was in force. Waiver of Premium Indexation
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