But you definitely need critical illness cover.
Cost, basically.Just curious, as to why you would suggest Critical illness (once off lump sum for specified illness only) versus income protection (regular monthly payments eg at 66% of salary if unable to work) ?
In my opinion (which definitely won't be shared by everybody on here), you don't actually need life assurance over and above your mortgage protection policy.
But you definitely need critical illness cover.
If you died in the morning, your spouse would have a mortgage-free house plus a (State) widow's pension. Not too bad.
But what happens if you get sick and can't work? How does the mortgage get paid?
If you died in the morning, your spouse would have a mortgage-free house plus a (State) widow's pension. Not too bad.
I was actually thinking of the contributory widow's/widower's pension, which is not means-tested.I just want to clarify something - the widows pension you mention is the non-contributory widows pension? If so, then I think this would be means tested? Therefore if your partner works then she may not get the full amount? Just trying to understand it.
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