Is a joint critical illness policy paid in full or split?

I have £100,000 critical illness cover with my partner and wanted to know whether it pays out 50% for each of us should something happen to us or whether is pays out the full £100,000

Question asked by Peter Fordham
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Answered by Tom Conner

The joint critical illness policy would be paid out on the first event. This means that if you or your partner were to suffer a serious illness or injury covered by the policy it would pay out in full and then terminate.

Please call us on to speak to one of our advisers who will be able to discuss your requirements and run through your options.

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This information does not constitute financial or other professional advice. You should consult your professional adviser or contact us directly on 02084327333 should you require financial advice. It is important to ensure any insurance policy you take out is suitable for your needs.
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