Life Serious Illness cover

S

Sinto99

Registered User
Messages
19
Hi,

Just have a quick (probably silly) question.

We are in the process of buying a house and trying to sort out life insurance etc.

We obviously need to take out Life Cover before the mortgage can be drawn down but can you then take serious illness cover out at a later date or is this a bad idea?
 
you only need mortgage protection cover, if cash is tight and you only want to cover the loan in the event of death of either of the borrowers.

other covers, such as critical illness/income protection can be taken out later.

However, all life/income protection/critical illness insurances increase in price as you get older, that means every year!
 
Thanks,

We have decided to just take out the mortgage protection cover for now and then at a later date look properly at income protection/illness cover.

Our sale is processing quickly so just want to make sure we are not being rushed into anything

Cheers
 
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