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Article: Money: Want to get covered but afraid you'll get clobbered? Critical illness and life insurance may cost a lot less than you think, says Clare Francis
- Article from:
- The Independent (London, England)
- Article date:
- August 26, 2001
- Author:
CopyrightCopyright 2001 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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f you smoke or drink heavily or there's a history of illness in
the family, you might think that life insurance or critical illness
cover would be ruinously expensive.
But this isn't necessarily so. "Many of those drinking, smoking or
eating `too much' may well shy away from cover for fear of being
unduly penalised for their bad habits," says Heather Armstrong,
marketing manager at Scottish Equitable Protect. "However, they will
most likely find that these vital forms of financial protection cost
far less than they think."
Specialist reinsurer GE Frankona says only 11 per cent of the
working population have critical illness cover and only 25 per cent
have life insurance. Although it is ...