Critical Illness Cover News - protected.co.uk

Lying on a life insurance policy about habits such as smoking and drinking could lead to potentially serious consequences further down the line.

Such is the claim of the Association of British Insurers (ABI), which states that Britons are leaving out information about daily consumption of alcohol - as well as how many cigarettes are smoked a day - in order to get cheaper life cover.

But this move is not recommended by Nick Starling, the ABI's director of general insurance and health, who states: "Honesty is the only policy. Cheating to get cheaper insurance puts your cover in jeopardy, with potentially disastrous consequences."

He adds that shopping around to find the best life insurance deals - such as critical illness cover - will result in people receiving the best type of policy for them.

Indeed, seeking the help of a financial adviser could be one way for individuals to ensure that their loved ones are protected should the worst happen.

Over half of Britons believe that the best time to seek such help is between the ages of 20 and 30, Halifax recently revealed.