S
Siabh41
Guest
Aged 41, I am the main breadwinnner, secure pensionable permanent job earning c €55k pa - no mortgage, no dependents, as yet! I would get full pay for 6 months and half pay for the following six if I took ill.
Recently I took out Critical Illness cover @ c. €80 pm for a €250k payout.
a) Would I be better off cancelling this and taking out income protection.
b) I did not mention (as I did not think it relevant) when taking out the critical illness that I had been on anti-depressants for four months several years ago. However I recently heard of a woman who got breast cancer and they refused to pay out as she had not disclosed that she had been on anti-depressants previously. So this has me concerned too. I'm afraid if I continue to pay critical illness for several more years, that if it came to a claim it would be rejected on similar grounds.
Siabh.
Recently I took out Critical Illness cover @ c. €80 pm for a €250k payout.
a) Would I be better off cancelling this and taking out income protection.
b) I did not mention (as I did not think it relevant) when taking out the critical illness that I had been on anti-depressants for four months several years ago. However I recently heard of a woman who got breast cancer and they refused to pay out as she had not disclosed that she had been on anti-depressants previously. So this has me concerned too. I'm afraid if I continue to pay critical illness for several more years, that if it came to a claim it would be rejected on similar grounds.
Siabh.