The need for Life Cover, Critical Illness Cover, and Income Protection depends on your personal circumstances, such as your health, job stability, and financial obligations. Life Cover provides security for your family in the event of your death, while Critical Illness Cover and Income Protection ensure you can still meet your mortgage payments if you're unable to work due to health issues

If your circumstances change—such as paying off your mortgage early or changes in your health—you can adjust or cancel your Life Cover, Critical Illness Cover, or Income Protection. It’s important to review your policies regularly to ensure they still meet your needs. Some providers allow adjustments without penalties

With Life Cover, the payout goes to your beneficiaries, who can then decide how to use the funds. Critical Illness Cover also pays directly to you, not the lender. However, some Income Protection policies can be structured to pay directly towards your mortgage, ensuring continuity in payments without your intervention

The cost of Life Cover, Critical Illness Cover, and Income Protection varies based on factors like your age, health, and the amount of coverage needed. Generally, Life Cover tends to be the least expensive, followed by Critical Illness Cover, and Income Protection is typically the most costly due to its broader coverage and potential for longer payout periods

Critical Illness Cover typically only pays out for serious conditions listed in your policy. Income Protection, however, can cover a broader range of conditions, including minor illnesses and injuries that prevent you from working. Reviewing the specifics of each policy is crucial to understand what conditions are covered

Yes, exclusions vary by provider and policy type. Common exclusions for Life Cover include death due to self-inflicted harm. For Critical Illness Cover, some policies exclude less severe forms of illness or conditions diagnosed within a certain period after purchasing the policy. Income Protection may exclude conditions related to pre-existing issues, high-risk occupations, or certain lifestyle factors like smoking.