Should I include Terminal Illness Insurance?

Terminal Illness Insurance is generally included at no extra cost on all Mortgage Life, Life and Critical Illness policies.

STEP 1 of 2
Type of cover
Life Insurance       Mortgage Life Insurance
 
Cover Level (£)

Number of years
Do you want:  
Critical illness cover
Family income benefit
 

Hot Topics

Is Mortgage Payment Protection Insurance the same as a Mortgage Insurance Guarantee?
No. Mortgage Payment Protection Insurance is totally different to a Mortgage Insurance Guarantee.
How Much Will It Cost?
You can have Mortgage Payment Protection Insurance for either unemployment alone, sickness and accident, or all three. The costs of the policies we sell are as follows: -
You have a Repayment Mortgage. What sort of Life Insurance do you need?
You need Mortgage Life Insurance. Mortgage Life Insurance makes sure that the capital outstanding on your repayment mortgage would be repaid if you died.
You want to ensure that your mortgage is paid off if you were to die or become seriously ill and could not work again. What sort of life insurance do you need?
You need either Life Insurance if you have an interest only mortgage, or Mortgage Life Insurance if you have a repayment mortgage. Then you need to add Critical Illness Insurance. You can do this all in one policy.
You want to ensure that your monthly mortgage repayments are paid on your behalf if you were off work due to sickness, accident or unemployment. What sort of insurance do you need?
You need Mortgage Payment Protection Insurance. This type of insurance is also know as Accident, Sickness and unemployment (ASU) Insurance.
Terminal Illness Insurance will pay out if you are diagnosed with an illness from which a Doctor expects you to die within 12 months of diagnosis.

Insurance companies do not offer Terminal Illness Insurance as a separate, stand alone policy. It is always combined with another form of insurance.

But please ensure you know the difference between Terminal Illness cover and Critical Illness cover. Terminal Illness cover is not the same as Critical Illness cover.