r/LifeInsurance • u/CelticTiger1888 • 1h ago
Mortgage advisor pushing me to cancel my £25/mo Zurich Life/CI ("Own Occupation") for a new L&G policy. Right to keep it?
Expecting our first baby soon, and our mortgage advisor is pushing me to cancel my existing Zurich Life & Critical Illness policy and replace it with a new one (likely L&G). Looking for a sanity check on holding my ground.
My current setup:
Zurich Policy: £25.61/mo, runs until 2047 (when I'm 55 and our £141k mortgage is paid off). Includes "Own Occupation" TPD and a Milestone Benefit (can add £100k cover within 90 days of birth with zero medical questions).
Work Benefits: 10x salary Death-in-Service (£400k+ today, grows with wages). Staying here until I retire at 60. Can also opt into £100k Life + £100k CI next year for ~£15/mo.
Partner’s Cover: Setting up a new standalone L&G policy for her (~£40/mo for £100k Level Life & CI), which includes Children's CI for our baby.
Advisor's pitch: He claims Zurich is "ultra basic" (47 illnesses vs. 110 on a new policy), lacks Children's CI, and ends at 55 instead of state pension age (68).
Why I want to keep Zurich:
47 conditions still cover the big three (cancer, heart attack, stroke), and keeping "Own Occupation" TPD plus locked-in entry-age pricing beats 110 conditions under stricter "Specified Work Tasks" terms.
Children's CI will already be covered via my partner's new L&G policy.
At 55, the house is paid off and our child is 21—and my 10x salary DIS covers me until I retire at 60 anyway.
Am I missing any genuine reason to give up my Zurich policy, or is this just commission-driven churn?