If you and your partner are considering taking out joint life insurance but one of you has Crohn’s Disease this can impact the premium that you both pay.
Joint life insurance protects two policyholders simultaneously, meaning there is only one contract and one premium to be paid each month.
There will be only one application which will take into consideration information about both parties.
These will be factors such as your age, smoking status as well as your health and wellbeing.
If one of you suffers from Crohn’s Disease this can lead to inflated premiums that you both will have to pay, meaning the partner in more favourable health could end up paying more than they need to.
Joint life insurance provides only one pay out, usually after the first death.
Once the pay out has been made the policy expires and the remaining partner will need to find new cover.
By using an FCA registered broker, like Reassured, you can compare joint and single policies.