Summary

Your own critical illness insurance policy may well cover your ( motor insurance quotes ) children too. It would be wise to check that this is the case.

Critical Illness Cover - children welcome. Page 2

Author: Michael Challiner

The usual payment is a proportion of the total insured value. If the insured total value is say £25,000, then Norwich Union, ( pet insurance ) for instance, would pay out half of the insured sum or £10,000, whichever is the lower amount. They include step-children and make no distinction for adopted children. Standard Life and Legal and General are more generous, paying out up to 50%, but with a maximum payout of £25,000. Legal and General are somewhere in between, at £15,000.

There is a difference in the way the insurance operates when it ( mortgage rates ) comes to children. In the case of the main policyholder making a critical illness claim, the policy would pay out and would then be terminated. It would not be possible to make a second claim. Should there be a claim for a child, however, the cover will continue and the claim will have no effect on the policy of the main policyholder.

There are lots of advertisements via the internet for Critical Illness ( motor insurance ) Insurance but because of the great variation in criteria it's so easy to get it wrong. You're not dealing with standard insurance and if you make the decision on cost alone, you may not be getting the cover which is right for you and your family. If you look at the insurer's websites they will just offer their own policies so you're not receiving comparative quotes. It's probably unlikely that you'll get and discount from any of the High Street Brokers. So where do you go?

The best answer will be to use a specialist critical ( car insurance quotations ) illness broker. They'll offer a comprehensive service, search for, and find the right policy for you and offer a discount too. You'll find them on the internet if you look for "Critical illness insurance".

It's worth it for your peace of mind.