What is
Life Insurance

It's not a universal requirement. Depending on factors such as your age, coverage amount, and overall health, insurers may request additional evidence before providing terms. This may involve a supplementary telephone interview, a visit from a nurse, or obtaining a targeted report from your GP.

Several factors come into play when insurers consider offering coverage. Since each provider has its own criteria, it's advisable to consult with one of our advisers who can identify the most suitable insurer for your specific circumstances. Key determinants include age, occupation, overall health, smoking status, and involvement in hazardous hobbies or activities. After the insurer provides terms and agrees on a monthly premium, that fixed amount becomes the payment for the entire policy duration if you opt for a guaranteed premium.

Typically, lenders don't enforce the requirement of having Critical Illness insurance when securing a mortgage. Their focus is on receiving payments for the debt and interest, leaving the responsibility of insuring yourself and your family to you. However, it is strongly recommended to consider obtaining as a minimum a Life Insurance policy to safeguard your loved ones in case of unforeseen circumstances.