This means that the policy pays out if you are diagnosed as having a critical illness such as cancer. The Medical A lot of people balk at the idea of a medical. It seems so intrusive. If you buy your insurance through direct mail or through a newspaper advert, the underwriters assume that there will be a much greater chance of making a claim, and the premiums are consequently higher. Get independent financial advice.
Premiums vary markedly from company to company.
Avoid the companies that reserve the right to review your premiums whenever they want to. If your benefits package changes if you get another job, top up your cover if necessary. As a general rule it is best to treat investment for the future and life insurance as separate entities. Check carefully what s on offer before being lured by a deal offering both in the same package. Tell the truth when you fill in the form.