05th November 2007
The risks factors in critical illness insurance may be greater than that of life insurance. Reinsurance of critical illness insurance may be a solution to eliminate some of the financial loss an insurance company might incur. The procedure may take place ...
15th October 2007
Standard Life one of the most famous insurance companies in the UK had revealed its reports for the year 2005. Around 82 percent of critical illness claims may have been successfully paid since the year 2005 by Standard Life. These claims may have a reach...
15th October 2007
People have been made aware by experts in the insurance industry not to take out critical illness insurance with a company based upon its proportion of critical illness claims it pays out. The figure might give a wrong impression. The impact can affect yo...
15th October 2007
Critical illness insurance may sometimes surprise us with some cases, in this case, antiselection. For example, people already suffering from a critical illness may have applied for a critical illness policy without making their insurers aware of the dise...
15th October 2007
Critical illness insurance made its first apparition in South Africa in 1983 and was known as dread disease insurance. Before 1983, policies having the name cancer policy may have been sold in the USA providing cover for certain types of cancer. These can...
15th October 2007
There is another aspect of critical illness insurance that must however be considered, the additional payment. If you have dependants and feel that the payout will not be enough after a critical illness benefit is obtained, you may go for the additional p...
15th October 2007
The complexity of critical illness cover may give rise to different aspects. One aspect may be the reinstatement of life cover (buy back option). The buy back option may become useful if used under a prepayment critical illness policy. This could help the...
20th September 2007
Critical illness cover has become a common type of insurance policy in the UK. Many people have bought critical illness cover to protect their family in the future or may be to secure their mortgage. Research has shown that combined critical illness polic...
20th September 2007
There are various critical illnesses that affect people in the UK. Insurance companies used to cover seven major critical illness conditions but gradually, some of them have started to cover around 30. Even if medical technology has progressed considerabl...
20th September 2007
While the chances of living a critical illness are increasing, the chance to be affected by a critical illness may still remain imminent. People in the UK may be continuously suffering from cancer, stroke, heart attack, multiple sclerosis and others. A cr...
20th September 2007
Declined critical illness claim rates had been falling significantly down the years. One of the reasons may be that people’s awareness has increased concerning certain diseases. Having a visit to the doctor, for example, has become more frequent than be...
20th September 2007
Critical illness insurance did not exist in the USA long ago. There was a type of insurance known as the cancer insurance. It covered some types of cancers, alike critical illness which covers certain critical illnesses. Cancer insurance had been in the U...
20th September 2007
The US market, on a whole had been slow to adapt with critical illness insurance. While in the UK critical illness cover is one among the most famous insurance policies, in the US it may be a completely different thing. On the other hand, most critical il...
20th September 2007
Critical illness insurance had been a little slow to be known in Canada. More precisely, it took around five years. However, the Canadian life industry believes that critical illness insurance may adopt a similar trend where it had been a success, for exa...
20th September 2007
The Canadian critical illness market experienced a growth for the creditor critical illness insurance. More precisely, with critical illness cover acting as a protection for mortgage. According to Munich Re, 2000, creditor insurance was launched in the ye...
