QuoteLifeCover

The short answer to this question is: yes, you can. However, the question of whether you can and indeed, should have multiple life insurance policy or critical illness policies also tends to be a little more complicated than a simple yes or no. Is having more than one life insurance or critical illness policy actually a good idea? As we referenced above, it is certainly possible to take out more than one life insurance or critical illness policy per person - there is no law prohibiting this. Furthermore, there are certain very understandable reasons why you might wish to take out an additional life insurance policy - for example, if you wish to maximise the level of protection your surviving loved ones would benefit from in the event of you passing away. Some people may also look to take out an additional life insurance policy if they have made lifestyle changes - such as quitting smoking - that could help them achieve more favourable premiums. But at the same time, they migh...

  When it comes to mortgages and ensuring we can always pay them, certain things are obvious, and other things a lot less so. What isn’t in question for most of us is that our mortgage is one of the biggest ongoing financial commitments we have, or even the biggest of all. But does it automatically follow that you should therefore seek out a mortgage protection insurance policy? Introducing mortgage protection cover Before we go any further, let’s be clear about exactly what mortgage protection insurance is. It’s a type of protection insurance where you pay monthly premiums. In return, in the event that you are rendered unable to cover your mortgage payments as a result of long-term sickness or disability preventing you from working, you will be able to receive monthly tax-free payments. As the name of this type of insurance indicates, it is designed to help policyholders pay off their mortgage. Sure enough, depending on the provider, you might ask to take out a policy t...