Answered by Will Martin
Most people decide to take out their critical illness policy with their life cover. However, you are able to take out a standalone critical illness policy in its own right.
It is less common to do this because the monthly premium of a critical illness policy with and without life insurance is about the same. Also, some insurers don’t offer standalone critical illness cover so you would be limiting your choices if you try to exclude the life cover element of the policy.
A different option
If you don’t need life insurance and would feel like you’re paying for someone you don’t need with a life and critical illness policy then you may like to consider income protection insurance as an alternative, which is often more cost-effective.
Income protection pays out a monthly benefit to replace lost income you were to suffer an illness or injury that prevents you from working.
Speak to an expert
It might be of benefit to get in contact with one of our advisers, we can help you find the most suitable insurance for your needs and our service is fee free. Our telephone number is 01273 646 484 or alternatively pop us on an email to firstname.lastname@example.org and we will be in touch.
Frequently Asked Critical Illness Insurance Questions
Sam was knowledgeable and attentive and spent a long time explaining and working out what Income Protection insurance would be best for me.
I researched Drewberry to make sure they would be likely to add value to the confusing process of finding suitable insurance – and they delivered completely; I was very impressed and feel like they added real value in terms of consultation and guidance. Would recommend without hesitation.
Will is fantastic went through everything in detail really helpful and ultimately ensured that I went with the best product for my circumstances. Thanks!