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Ant and Dec miss critical point on business protection

TV presenters Ant and Dec have taken out life insurance in case either of them dies but Scottish Widows protection marketing manager Nick Kirwan believes that they should have considered critical-illness cover.

If either of the pair dies, the other will receive a payout of at least 2m. But Kirwan says as Ant and Dec are still young, it is more likely that they will get a critical illness than die, so perhaps they should have taken out CI cover instead.

He says this scenario highlights the importance of taking out business protection insurance.

Kirwan says: “Have they thought about their needs widely enough? Critical-illness cover might have been a better option for them. It is good that they have taken out business protection insurance but it is not just celebrities that work in pairs. People should consider whether to take out this type of insurance with their business partners.”

CBK principal Peter Chadborn says: “As it is business protection, one would hope they have taken good advice so they probably have considered every angle. They might already have individual critical-illness insurance.”

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