Is it possible to buy and claim term insurance for death/CI/TPD on top of a whole life insurance that covers it as well?

Hi anon,

​

As long as the policy is not on a reimbursement basis, you can claim on multiple policies that cover the same thing. I personally have different policies covering CI bought at various points in my life, and I can claim on all of them if I were diagnosed with late stage CI. (I only have one policy covering early stage CI, although I am considering adding more)

​

The whole life plan, if it has CI coverage is not something that you want to surrender. Since a cash injection if you have CI is always helpful regardless of when you are diagnosed, whole life plans with CI should be held as long as possible. Unless cash flow is really an issue (and if it is, you should sit down and evaluate your situation), try to hold on to it.

Yes of course. Both will pay out together in the event of a claim and does not necessarily need to displace one another. You can claim from as many policies you'd like with as much coverage as you want (subject to the insurers maximum limit) but usually you can only claim it once.