What if one of the applicants were unable to obtain life and critical illness cover?
If an applicant were unable to obtain life and critical illness cover, it would be up to the other applicants to decide if they would be prepared to proceed. It should be borne in mind that if a person is unable to obtain cover it is likely to mean that they have a very high likelihood of dying or suffering a critical illness within the term of the mortgage.
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?
- Are there any circumstances in which Life and Critical Illness cover would not clear the mortgage in the event of a claim?
- Can I put a life insurance policy that includes critical illness cover, in trust?
