hile the majority of illness does work out cheaper
people who take out a than purchasing the standalone
critical illness policy policy.
choose a policy that also
includes life insurance, there is The reason behind this is that
also an option many don’t the majority of people take out
consider - a standalone critical the combined policy and overlook
insurance policy. So what’s the the standalone; this means that
difference you might ask? competition is fiercer for the
combined, which helps to keep
Well a policy that includes life premiums lower due to
insurance means that on the death competition.
of the person holding the policy
or should that person suffer from The standalone could however
a critical illness or become benefit you if you don’t have to
permanently disabled, then a lump worry about dependants - if there
sum benefit will be paid. is no one depending on you then
you might not need to take out
If you purchase a standalone life insurance. On the other hand
critical illness policy it will if you have already got coverage
only pay out the amount of for life insurance and you are
benefit should you be unfortunate benefiting from a great deal,
enough to be diagnosed with a then you could consider taking
serious critical illness or you out standalone critical illness
should be become permanently insurance after shopping around
disabled. for a good deal.
However, in many cases, When purchasing a standalone
purchasing a combined policy of policy it is in your best
life insurance and critical interest to shop around and
compare as many companies as at with a fine tooth comb as this
possible for the cheapest price is where the exclusions will be
and deal or use a specialist hidden. While a policy might seem
broker who can help. All policies like a cheap deal, it could end
have exclusions, so it is up being nothing more than a
imperative that you understand worthless piece of paper should
the terms of your policy and what your claim be turned down due to
you are and are not covered for. an exclusion you didn’t realise
was there.
The small print should be looked
About the Author:
David Thomson is Chief Executive of BestDealInsurance.co.uk, a specialist insurance website dedicated to putting customers first. They ensure their customers get the best deal when buying life insurance, critical illness and income protection cover
Read more articles by:
David Thomson
Article Source: www.iSnare.com 
