Should I include Terminal Illness Insurance?

Terminal Illness Insurance is generally included at no extra cost on all Mortgage Life, Life and Critical Illness policies.

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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Are There Any Situations That Would Result In My Claim Being Refused?: Yes there are the usual exclusions. These are summarised below but you should carefully read the paperwork that comes with your insurance documents.
Is Mortgage Payment Protection Insurance the same as a Mortgage Insurance Guarantee?: No. Mortgage Payment Protection Insurance is totally different to a Mortgage Insurance Guarantee.
How long should I insure for?: It makes sense to keep the insurance in place for as long as you have a mortgage.
Should I include Terminal Illness Insurance?: Terminal Illness Insurance is generally included at no extra cost on all Mortgage Life, Life and Critical Illness policies.
Will your mortgage lender accept a Life Insurance policy bought online?: All your mortgage lender will want is evidence that your life is insured for the correct sum and term. A copy of your Acceptance letter will normally suffice but some lenders may want to see a copy of your policy.

Terminal Illness Insurance will pay out if you are diagnosed with an illness from which a Doctor expects you to die within 12 months of diagnosis.

Insurance companies do not offer Terminal Illness Insurance as a separate, stand alone policy. It is always combined with another form of insurance.

But please ensure you know the difference between Terminal Illness cover and Critical Illness cover. Terminal Illness cover is not the same as Critical Illness cover.