Sally Bristow, a 32-year old non-smoker, wants to take out critical illness cover for her and her husband. They have a joint repayment mortgage of £95,000 and are planning to start a family. Andrew is a fitness fanatic and works as a personal trainer. Although Sally is in good health, her mother and maternal grandmother were diagnosed with breast cancer in their late 40s. There is no known history of disease in Andrew's family. What are their cover options?
Jason King, Life Policies Direct This is an interesting case, where careful account of existing policies needs to be made along with a holistic review of their protection requirements. Despite her own good health, in light of her family medical history, Sally can expect to have her premiums for life assurance rated by 50% and critical illness (CI) loaded by a minimum 100%. Any existing life or CI cover that was accepted at standard rates should be investigated for any guaranteed insurability options, which could be utilised now or in the future. As a minimum, Sally and A...
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