Can I add my partner onto my critical illness policy ?
Yes you can add a partner onto a critical illness insurance policy and this can be more cost effective than having a policy each. The joint policies are normally done on a joint life first death basis. So this means that the policy would pay out when the first of the joint party were to suffer from a critical illness. It would be at this stage when the policy would stop.
If you take a joint plan it is a good way of covering a joint liability such as a mortgage or a loan. This way it ensures that the surviving or well partner would not be left with a debt and not in a position that they could not cover any outstanding liabilities.
Overall a joint plan is a very good idea for husband and wife and can form the basis of a very good protection plan.