critical illness cover ??

Former Member

Iv'e had crtical illness cover with the same policy for 20 years. Now they write to me and say they want to increase my premium x3,in order to prvide me with the same level of protection. Can they do this, I thought taking out cover at a young age meant my premium stayed low. It isn't a low start policy..... Not happy I may cancel:grump:

Former Member

Are you from the US?

I'm assuming that to be the case, most of us here are from UK so this isn't an issue for us because the NHS covers us automatically.

Former Member

Yes they can, if for example you've just turned an age milestone, they will assume your risk has increased and your premium will reflect that.

Former Member

on critical illness

MoK wrote: »

Are you from the US?

I'm assuming that to be the case, most of us here are from UK so this isn't an issue for us because the NHS covers us automatically.

I am from the uk. Sorry didn't make myself clear...... this policy is to replace my earnings should I fall permenantly or long term sick

Former Member

Ah right, then yes they can, for two reasons.

1. You risk increases as you get older
2. So does your income and your potential income becomes easier to predict

Former Member

There's nothing stopping you from shopping around, although i'd stick with one of the bigger banks.

Former Member

Yeah do shop around, but keep in mind that policies with smaller companies are almost always underwritten by larger companies and often because they are so called "smaller" can usually offer you a better deal on your premium

Former Member

I found when I did have critical illness cover that in most cases in my personal circumstance I wouldnt have been able to get it. This was in the past at my old job.

Its an important thing to have if it is of use to you, so do shop around for good prices.

Former Member

thanks

thanks for your replies peeps. Looks like I'll be shopping round then.