There are a number of different types of life insurance cover available including:
Your application for these types of insurance will usually be subject to underwriting which means you will need to answer a series of questions to the satisfaction of the Insurer in order to have your application accepted. These questions will often relate not only to your health but also your lifestyle and occupation. Alternatively, the cover may be offered without the requirement for any medicals or health questions and instead a pre-existing medical condition (or ‘PEC’) exclusion will apply.
When it comes to deciding if you need life insurance, it’s good to think about how you and your family would cope with expenses such as mortgage repayments, household running costs and medical bills if something was to happen to you. Choosing the cover that is right for both you and your family’s needs can provide a real lifeline should you suffer a critical or serious illness or injury.