Last Build Date: Sat, 01 Oct 2016 12:18:32 -0400
Thu, 21 Jan 2010 00:00:00 -0500Ladies, if your mother or any other female blood-line relatives have a history of breast or ovarian cancer then from next year onwards, you could face higher insurance premiums. You could even be refused cover altogether.
Thu, 12 Feb 2009 00:00:00 -0500Do you ever wonder what will happen to your loved ones if one day you are severely ill or you are gone? This is something very important to consider though it is unpleasant to think of. Though you may have various good friends or reliable family members that you think will take care of your loved ones, you have to make sure they will be financially strong to cope when you are not here. No one knows how long he / she will be in a critical state. Imagine about those high treatment expenses and hospital costs.
Mon, 09 Feb 2009 00:00:00 -0500Critical illness can ravage a person in a matter of days, even if they previously have had a completely clean bill of health. This is why it is important to protect your family and yourself with critical illness cover. Dependent on what your illness is, the cost of having it treated can be enough to send a person bankrupt. With this being the case it is therefore important that critical illness cover is obtained from a company that has a great level of service.
Fri, 30 Jan 2009 00:00:00 -0500Taking the critical illness insurance will benefit you as well as your family members or beneficiaries. To choose the best critical illness insurance entails comparing each plan to see its advantages and disadvantages. Critical illness insurance is normally designed for the comfort of those whom you may leave behind.
Wed, 28 Jan 2009 00:00:00 -0500Investing in an affordable critical illness insurance policy is among one of the ways to plan for the future of our loved ones. Most of us plan to live till the old age, but the reality is different as not all people see there golden years. Taking this into consideration, we try to ensure that those close to us are financially strong to carry on with life should any mishap happen.
Fri, 09 Jan 2009 00:00:00 -0500Despite new guidelines on sickness policy cover, there is a huge variation in the types of critical illness cover offered by different providers. Consumers need to look at the small print, for exclusions in particular. The industry needs to do more to promote alternative products such as family income and income protection policies.
Fri, 19 Dec 2008 00:00:00 -0500Few of us are insured against serious illness even though it may strike at anytime. Unum Provident, the income protection provider, has carried out research that reveals only 4.2 per cent of the country's work force have critical illness cover, even though they will receive a lump sum if they have a heart attack, stroke or suffer from cancer.
Fri, 19 Dec 2008 00:00:00 -0500Your mortgage lender may offer you several financial products including critical illness cover. However, as they are not specialists in this field, you will probably find a better deal elsewhere. The level of cover on offer is just as important as the premium when looking for critical illness cover.
Wed, 10 Dec 2008 00:00:00 -0500The Evans were an ordinary family. Mary was the homemaker, Peter had a steady job driving for Stagecoach. They'd been married for 12 years and had a daughter aged 11 and a son aged 7 and a lived in a semi in Didsbury in the outskirts of Manchester. They were planning to go on holiday to Benidorm on the Costa Blanca next year.
Mon, 24 Nov 2008 00:00:00 -0500Much has been written about critical illness (CI) products over the past couple of years. This has highlighted both negatives and positives about the complicated type of insurance cover. Research has shown there is a lack of trust in some of claim processes and procedures that are creeping in. Even more concerning is the concern that insurers aim not to pay these costly claims if it is at all possible.
Thu, 13 Nov 2008 00:00:00 -0500Most critical illness insurance policies automatically insure your children but with a lower level of benefits than the main policyholders cover. But dont under-estimate this cover as it is invaluable, especially if your child becomes critically ill and you need to take time off work to provide care.
Tue, 04 Nov 2008 00:00:00 -0500Critical insurance is a useful backup to have in the event of becoming ill. But twenty percent of all claims against it are turned down - which means that one in five of those who take out critical illness cover are not getting the insurance they pay for. Critical illness cover works in a standardised way: if you should fall ill with any of the listed illnesses described on your policy, you will receive a payment.
Fri, 06 Jun 2008 00:00:00 -0400Critical illness insurance might be required someday, so is planning for this and taking the step of taking out critical illness insurance cover really strange? Providing financial peace of mind for your family by taking out protection for a mere few dollars each week.
Mon, 02 Jun 2008 00:00:00 -0400The advances made in the medical field may have indeed saved the lives of one and many. When one talks about critical illness, treatment is what may crop into ones mind next. Lets have a look at some statistics about how important the medical sector has become.
Mon, 02 Jun 2008 00:00:00 -0400Standard Life had published reports about its critical illness claims for the year 2006. Around 360 critical illness claims may have been paid amounting to a value of approximately GBP 18.7 million. A decrease in declined critical illness claims may have also been noted.
Mon, 02 Jun 2008 00:00:00 -0400Scottish Provident had published its critical illness reports as from May 2007. This report could have demonstrated the fact that the firm may have paid around GBP 95.5 million on critical illness claims in 2006. Around 57 percent of critical illness claims may have been for cancer while about 5 percent may have been for juvenile or children cover. The children critical illness cover may be automatically included in the policy by most companies nowadays.
Mon, 02 Jun 2008 00:00:00 -0400First of all if you are worried about the safety of the family or want to set everything right for the future, you are probably wondering about taking a critical illness insurance. Fine idea as it is, to get the best critical illness insurance you must have to somehow get busy. In an initial step you have to make a list of what life insurance companies you have to visit or phone.
Fri, 16 May 2008 00:00:00 -0400Advances 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 practical benefits.
Wed, 27 Feb 2008 00:00:00 -0500The ABI had stipulated that premiums concerning critical illness cover may be settled either monthly or annually. But this may actually depend upon the deal made at first with the insurance company before signing the contract. One must think carefully about which option to choose. Either option might be effective. However, the annual premium payment may become a burden to those who earn less. When this accumulates, the sum might appear huge to pay at once.
Wed, 27 Feb 2008 00:00:00 -0500Standalone critical illness policies made less impact on the insurance market. Sales of around 18 percent may have been recorded during the year 1997. Out of this, around 50 percent may have been riders to term insurance while the remaining percentage may have turned out to be as riders of whole life. The average sum insured may have been GBP 48,000 on term insurance and GBP 64,000 on whole life insurance. The average monthly premium payment may have been GBP 370 and GBP 380 for each rider type.
Wed, 27 Feb 2008 00:00:00 -0500A popular critical illness in England and Wales may be the circulatory disease followed by heart disease and stroke. Due to this critical illness, death rates among men may have risen more than women. As per the Office of National Statistics, around 312 out of 100,000 men may have passed away due to circulatory disorders in contrast with 194 of every 100,000 women. Other reports may have demonstrated that heart failures may have brought a high death rate among both sexes.
Wed, 27 Feb 2008 00:00:00 -0500TPD is the inability to perform any occupation. Research in the UK can demonstrate that the major of critical illness policyholders may not understand this clearly. As a matter of fact, around 50 percent of critical illness claims related to TPD may have been turned down in the year 1998. Also, Loss of Independent Existence (LIE) is the inability to perform three to six daily tasks. It can be considered similar to Long Term Care (LTC).
Wed, 27 Feb 2008 00:00:00 -0500Population statistics relevant to the rate at which critical illness occurred may be taken as a starting point. Such statistics could be divided into age and sex and also age groups. The critical illness definition concerning the statistics must also be met by that of the policy. Also, many people suffer from the same critical illness twice in their lifetime, for example myocardial infarction.
Wed, 27 Feb 2008 00:00:00 -0500In the US, a rational amount of USD 200,000 may be insured and may not exceed five times the insureds salary. This is company wise, when an important member suddenly falls prey to a critical illness. Thus, the amount insured for this key man may be higher.
Wed, 27 Feb 2008 00:00:00 -0500Many people who suffer from a critical illness, for example myocardial infarction, may hardly live throughout the survival period. Thus the premiums to pay every month may depend upon the length of the survival period picked.