Life Insurance Critical Illness
What is the best life insurance?
I wouls like to make sure that my partner and my mother are safe if something happens to me. What is the best insurance? Also: Do you have life insurance also cover serious illnesses? I'm in the UK.
Sounds like you want some insurance directly as a policy Warranty Period. Some policies come with critical illness cover, but this will obviously cost a little more. If you has a financial advisior then contact them. If not, do some research on the web. Websites such as www.moneysupermarket.com comparisons will prices and information on the types of policies. The basic rate guarantee period will charge a lump sum of his death. If you get a critical illness cover, then also pay a lump sum on diagnosis of the diseases specified in the policy. It is common practice to obtain security term to cover large debts, such as a mortgage. A guarantee term will last for the term you choose, but you will not get any benefit if you survive the whole period. There are other types of coverage available. A whole life policy may be better for you. The idea here is that you pay premiums to a fund for the rest of your life and have a minimum death benefit. When you die the greatest of the total amount you have paid in interest, or the guaranteed amount will be paid charge. As mentioned above, I strongly suggest you get some professional advice (especially if you're in doubt). There are a number of different types of contract that will cover you are after. Also shop around prices vary.
