In reply to richard turkington:
I am a Land Surveyor, so I am not in the Insurance / IFA side, but I sort it out for my Company.
Simple life insurance is cheap and generally has few strings attached. Have a look at www.theidol.com it gives good value on line quotes.
Income protection, or PHI, is expensive if taken out personally, company group policies tend to be a lot cheaper and better cover. Check whether you are covered to do "Same job", "Same class of job", "any job etc" since some are written that if you can do any work they wont pay out. Also waiting period, whether payments indexed linked etc.
Critical illness can be a rip off in that the small print can limit claims to illness or circumstances that are very rare. It's expensive for the cover, check carefully. I hink its in the same category as "Accidental death cover" looks good but a successful claim is so unlikely it's not worth it.
The commission on PHI / Critical Illness is a lot more than simple term life. There arent that many arrangements where you have to contract to pay a lot of money but never find out until it's too late what you are really going to get. Particularly not to an Industry with such an appalling track record.
