Answered by Tom Conner
This is a good question and a topic there is often some confusion around.
Standalone vs Combined Cover
You are able to take out a standalone critical illness insurance policy without life insurance however this may not be the most cost effective option. There are tax benefits which insurance providers receive on life insurance policies which means that it can often be cheaper to take out combined life and critical illness insurance over a standalone critical illness plan.
You can compare quotes from the top uk insurers here to see the premium difference for yourself.
Existing Life Cover
Given you have existing life insurance and without any other information with regards to your medical history or the cost of the plan it is best you speak to a financial adviser to ensure you make the right decision. It will really depend on how much your circumstances have changed in terms of your lifestyle, medical history and affordability.
Get in touch…
If you need help then please do not hesitate to pop us a call on 02084327333 or email us at email@example.com
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!