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17th September 2009
Critical Illness Insurance. Insurers Under Fire
Recent press coverage has again lambasted the insurance industry over critical illness insurance. The underlying problem is that a critical illness claim is not as straightforward as, for example, a claim u... Read >
Author: John D15th June 2009
One’s health is said to be one’s wealth, and when a critical illness occurs, the adage becomes self-evident. The cost of caring for such unseen catastrophes can undo the savings of even the most well-salaried individual. Yet the added expense of acqui... Read >
Author: sturat15th May 2009
One form of protection that most of us need but very few have is income protection (IP). The financial services industry are to blame for the majority of this, as when you take out a loan or mortgage, you will come away with some form of protection policy... Read >
Author: michael challiner27th April 2009
I got one rate increase this year as a normal increase. The second health insurance premium increase was because I had a birthday, and entered the next 5 year age band. I did not expect 2 increases in one year.
I know others will be interested in knowi... Read >
Author: marilyn katz27th March 2009
It is a very common fact that the odds of developing a critical illness are relatively high. The statistics show that there is a 1 in 5 chance for men and 1 in 6 chance for women that a critical illness will inhibit them from working. Now, critical illnes... Read >
Author: petergoligher27th March 2009
It is a very common fact that the odds of developing a critical illness are relatively high. The statistics show that there is a 1 in 5 chance for men and 1 in 6 chance for women that a critical illness will stop them from working. Now, critical illness l... Read >
Author: petergoligher25th March 2009
First off, just to clear up, critical illness cover is not life insurance, life insurance will not pay out upon the incidence of a critical illness. Also, Terminal illness, is usually included in the policy and is completely different from Critical illnes... Read >
Author: petergoligher19th March 2009
Now a days, a simple life insurance policy is not enough for many individuals due to the occurrence of critical illnesses arising within populations. You may not have a critical illness at present, but what happens if you develop one in the near future?
... Read >
Author: petergoligher10th March 2009
Want” Peace of mind”? Get a life insurance for critical illness.
Why is it important to have a Life Insurance policy for critical illness?
In United Kingdom 1 in every 5 men and 1 in every 6 women suffer from critical illness before the normal... Read >
Author: secured life20th February 2009
Critical Illness Cover (CIC) will pay you a tax-free lump sum following diagnosis of a life- threatening condition.
However CIC is becoming more expensive, as the number of claims increases and advances in medical science introduce a range of new treatme... Read >
Author: michael challiner16th February 2009
Irrespective of whether or not you have been healthy all of your life, you are taking a big risk if you do not cover yourself and your family with critical illness cover. There are a lot of good companies out there that carry great products to suit a wide... Read >
Author: rudi oneil24th November 2008
Most critical illness insurance policies automatically insure your children but with a lower level of benefits than the main policyholders cover. But don’t under-estimate this cover as it is invaluable, especially if your child becomes critically ill an... Read >
Author: michael challiner09th September 2008
When you take a life insurance policy out, you need to make sure you read all the small print and only obtain the cover you will actually need. Most insurance policies are black and white; depending on the severity of your illness you may or may not be ab... Read >
Author: barryloughran@live.co.uk09th September 2008
Discounted critical illness insurance as its name mentions, can be obtained at an affordable price. Discounted critical illness insurance may sometimes be confused with private medical insurance. Private medical insurance may pay for the treatment procedu... Read >
Author: Billy Leverton09th September 2008
Having a critical illness policy is not just a measure of precaution for the future. It can also be considered as a means to save you money. The idea of having a critical illness policy is fine. But it can be rather tricky when choosing a critical illness... Read >
Author: Billy Leverton09th September 2008
Every year, around 700,000 people may be affected by a critical illness such as stroke. On the other hand, heart attack may make approximately 340,000 victims while around 1 million may be diagnosed by a critical illness like cancer. If you have term crit... Read >
Author: Billy Leverton25th May 2008
If you are a dentist, it's likely that you've taken out income protection insurance (also referred to as permanent health insurance). In fact, you may have even claimed on your policy.
During the last few years many of the leading insurers have been re... Read >
Author: Ray Prince20th May 2008
Advances in medicine and increased life expectancy have diluted the importance of life insurance, according to a leading South African surgeon. Dr. Marius Barnard asserted that these days critical illness insurance is a wiser investment due to its practic... Read >
Author: Mark Skinner23rd January 2008
The root of critical illness insurance lies in South Africa. Critical illness cover became a must as the health care system at that time in South Africa could not cope with the costs for critical illnesses. The idea stemmed from a discussion between a su... Read >
Author: Billy Leverton23rd January 2008
Critical illness cover appeared in East Asia during the year 1988. Since then, it may have been a success for the market. Besides, countries such as Malaysia, Hong Kong, Singapore and Taiwan all form part of the East Asian insurance industry. Companies in... Read >
Author: Billy Leverton23rd January 2008
Likewise to the USA and the UK, the process of integration of critical illness cover in the Canadian market had been slow. But the Canadian life industry expects to see critical illness insurance be as successful as in the UK during the coming years. Let... Read >
Author: Billy Leverton23rd January 2008
The creditor critical illness cover appeared in the Canadian insurance market during the year 1997. This type of critical illness cover may have then been combined to mortgage protection insurance. Canadian dollar 12 million may have been recorded during ... Read >
Author: Billy Leverton23rd January 2008
The adoption of critical illness cover had been relatively slow in the USA. In contrast, critical illness insurance may probably hold a much higher importance for the UK insurance market. The effort to boost critical illness cover sales by the DSF had led... Read >
Author: Billy Leverton05th November 2007
The experience in markets where critical illness covers had been sold may not have been pleasant. Results may have showed rough policy definitions, non disclosure by critical illness policyholders and moderate claims handling by insurers. This might have ... Read >
Author: Billy Leverton05th November 2007
The survival period can be very important in a critical illness policy. So let’s have a look at the survival period in detail. To obtain payment from additional critical illness cover, it may be wise to make an agreement about a survival period. The sur... Read >
Author: Billy Leverton05th November 2007
Another alternative to account for the fact that more and more critical illness conditions may be included in the critical illness policy is to add TPD (Total and Permanent Disability) as benefit triggers. Loss of Independent Existence (LIE) could also be... Read >
Author: Billy Leverton15th 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... Read >
Author: Billy Leverton15th 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... Read >
Author: Billy Leverton20th September 2007
Critical illness insurance was firstly originated in South Africa. The idea of having a critical illness insurance in South Africa appeared from a discussion between a cardio-thoracic surgeon, Mr. Barnard and the chief executive of a life office. Critical... Read >
Author: Billy Leverton20th 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... Read >
Author: Billy Leverton20th 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... Read >
Author: Billy Leverton20th 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... Read >
Author: Billy Leverton20th 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... Read >
Author: Billy Leverton24th August 2007
The Association of British Insurers had also published model definitions for exclusions in critical illness cover. Some common exclusions found in many critical illness policies are as follows: Aviation, criminal acts, drug abuse, HIV/AIDS, failure to fol... Read >
Author: Billy Leverton24th August 2007
Critical illness insurance is one of the most common types of insurance policies in the UK. Since critical illness insurance was brought in the UK during the mid 1980’s till now, there has been a lot of evolution. Back in the year 1990, critical illness... Read >
Author: Billy Leverton24th August 2007
Long ago when someone suffered from a critical illness, his chance to survive could be slight. Nowadays, the advances in medical technology have made it possible for critical illnesses to be detected and treated earlier. As a matter of fact, survival rate... Read >
Author: Billy Leverton24th August 2007
The model definitions you will find as you read further in the article has been taken from the ABI’s best practice for critical illness cover (May 2002). Insurance companies, members of the ABI must adhere to these model definitions when they sell crit... Read >
Author: Billy Leverton14th August 2007
Critical illness insurance, origin of South Africa arrived in the UK in the year 1985. Some companies tried to market the product but in vain. It was not until the late 1980’s that the real success for critical illness cover came.
In the year 1990, p... Read >
Author: Billy Leverton14th August 2007
Should you fall prey to a critical illness in the future, the impact on your dependents and yourself could be considerable. For example, if you had stroke, heart attack or cancer you may consider taking out a critical illness cover. When you fall critical... Read >
Author: Billy Leverton14th August 2007
Critical illness insurance policy may vary from one company to another. You may find a critical illness in one policy but may not come across it in another policy. Critical illness policies contain exclusions. Exclusions are things which are not covered b... Read >
Author: Billy Leverton14th August 2007
Critical illness insurance has become one of the most popular forms of insurance policy in the UK and also in the world. As a result, nowadays there exist thousands of insurance companies in the UK offering critical illness insurance. Let’s have a look ... Read >
Author: Billy Leverton14th August 2007
The sale of critical illness cover has been considerable in the UK and Ireland during the late 1990’s. For many companies, critical illness insurance may have been a source of revenue profits. Critical illness cover was mainly sold to young adults as pr... Read >
Author: Billy Leverton14th August 2007
The critical illness policies firstly launched in the UK was simple compared to those we can find today. During the year 1990 the core set of illnesses had already been defined as cancer, heart attack, stroke, CABG, major organ transplant and kidney failu... Read >
Author: Billy Leverton24th July 2007
Critical illness insurance was firstly created in South Africa in the year 1983. It was generally known as dread disease insurance. Critical illness insurance was then brought to UK in the year 1985. The first policy was then introduced by Lloyds Life now... Read >
Author: Billy Leverton24th July 2007
When critical illness cover first appeared, only six illnesses were covered. These were cancer, stroke, heart attack, kidney failure, major organ transplant and coronary artery bypass. Nowadays, the number of critical illnesses covered, have increased in ... Read >
Author: Billy Leverton13th July 2007
Critical illness insurance has become one of the most rapidly growing forms of insurance available today. According to tiscali.money, critical illness insurance may have over 1 million of policies sold in the UK in the year 2002. This type of insurance wa... Read >
Author: Billy Leverton13th July 2007
Taking out an insurance policy is a wise idea. Whether it is a life insurance, critical illness insurance or income protection insurance, you are required to pay premiums. Premium payments tend to vary according to the type of insurance and policy you buy... Read >
Author: Billy Leverton13th July 2007
Critical illness insurance has become a popular form of insurance nowadays in the UK. The reason behind is that there may have been a considerable increase in critical illness among people in the UK. As a result, more and more people seek a critical illne... Read >
Author: Billy Leverton15th June 2007
We are all conscious of our health and many of us will suffer one form of illness or another in our lifetime. As a result, more and more people are buying a critical illness insurance policy. While some buy life insurance policies, others buy critical ill... Read >
Author: Billy Leverton15th June 2007
Whilst it is true that people live longer nowadays than years ago, it is equally true that we are more likely to suffer from a critical illness before we actually die. A Critical illness cover aims to pay a tax-free lump sum when someone insured claims fo... Read >
Author: Billy Leverton25th May 2007
We do not always get the time to think about our health. But our health remains precious and vitally important to everything we do. Yet we often take it for granted that we will always have the best of health. The fact is, we do not know what the future h... Read >
Author: Billy Leverton25th May 2007
Critical illness cover is a very popular type of insurance. Surveys show that many people suffer from a critical illness before they reach the age of 65. If you do not have a critical illness cover, you should consider getting one. Critical illness cover ... Read >
Author: Billy Leverton25th May 2007
Have you ever thought about how sensible your health is? Many people do not get the time to think about it whereas others do. Surveys tell that someone is more apt to falling critically ill than to die before the age of 65. That is why critical illness in... Read >
Author: Billy Leverton26th April 2007
Surveys tell that most people are more likely to become critically ill than to die before they reach the age of 65. Critical illness affects a lot of people in UK as well as all over the world. Consequently, life insurance companies found a solution. They... Read >
Author: Billy Leverton26th April 2007
Critical illness insurance is not just a measure of precaution for the future. It can also be considered as a means to save you money. The idea of having a critical illness insurance is fine. But it can be rather tricky when choosing a critical illness po... Read >
Author: Billy Leverton16th November 2006
There's a new critical illness policy on the market which attempts to go some way with regard to sorting out the perplexity regarding exactly what is, and is not, covered when it comes to claiming on the policy.
Traditional critical illness policies t... Read >
Author: michael challiner31st August 2006
Twenty per cent of critical illness claims are turned down. That means for every five people making this important claim, one will have it rejected at this crucially important time.
The whole reason behind taking out critical illness cover is that, in ... Read >
Author: michael challiner16th January 2006
Recent stories in the press have again lambasted the insurers over critical illness insurance. The core problem is that a critical illness claim is not as straightforward as, for example, a claim under life insurance. With life insurance it's going to be ... Read >
Author: michael challiner09th November 2005
GREAT NEWS! There's now a one in five chance of you winning the lottery before you retire.
Getting excited? Think it's just a matter of time before you win? Think again, it's not going to happen - but it got you thinking!
Now think of the same o... Read >
Author: michael challiner07th September 2005
Everyone knows the importance of having a positive attitude, especially in the health insurance industry. Even negative people say that they have a positive attitude.
All agents have seen it one time or another. They are at a meeting, and in the hallwa... Read >
Author: Casey Coke
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