FAQ's
Life Insurance & Critical Illness Cover – UK Residents
We have gathered together a selection of frequently asked questions from our clients to assist you in deciding which of the offered plans are suitable for your requirements.
If you have any other question that is not covered by these FAQ’s, please feel free to telephone us on: +44 (0)118 970 3782 or email: insurance@jbi-ins.co.uk.
JBI are Independent General Insurance Brokers. Our staff are trained to provide information on Life Insurance and Critical Illness Insurance, but will not recommend any particular product. They are not trained as financial advisers.
No. JBI staff are not financial advisers, therefore we will not require any of your personal financial information. We will simply provide you with the most competitive quotation and sufficient information for you to make an informed decision whether or not you want to take out the cover.
JBI offer Term Life Insurance and Critical Illness Cover.
No, most joint Life Insurance policies pay out on the first death. The policy will then end and no further benefits will be paid. If you want a policy that will pay out if both of you die at the same time, please speak to our insurance adviser.
You need to choose how much Life Insurance you take. People often want their policy to pay out a multiple of their salary or the value of their mortgage. You will need to consider the financial security of your dependents and the value of any financial loans or commitments you have outstanding. If you are unsure about the amount of cover you need speak to an Independent Financial Adviser.
Critical illness cover offers protection for you and your family should you lose your income due to suffering a critical illness. It is designed to pay out a tax free lump sum should you be diagnosed with a critical illness/condition. The conditions covered by the insurer will vary but generally include heart attack, stroke, cancer and multiple sclerosis. More than 1 in 3 people will develop some form of cancer during their life time. ( source: Cancer Research UK)
Yes, combining Critical Illness and Life Cover is often cheaper than standalone Critical Illness cover.
