Are there any circumstances in which Life and Critical Illness cover would not clear the mortgage in the event of a claim?
Such circumstances could be: • Where questions on the application form were not honestly answered • When the loan has been increased due to arrears • Where the lending has been increased with a Homeowner’s Loan and the Life and Critical Illness cover has not been increased correspondingly • Where the critical illness is not specifically covered under the terms of the policy
Related Questions
- As my policy includes life and critical illness cover, does that mean it could pay out twice, once of I get a critical illness and then again if I die?
- What if one of the applicants were unable to obtain life and critical illness cover?
- Can I put a life insurance policy that includes critical illness cover, in trust?
