Life & Critical Illness Blog

Critical Illness Cover Is It Worth It?

The term ‘critical illness cover is it worth it’ has 3,480,ooo competing pages on Google so clearly there is some debate as to whether or not it really is worth it.  Critical Illness Insurance is still a relatively new type of insurance and was first introduced in South Africa in 1983.  The founder was Dr Marius Barnard.  [...]

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Should You Have Critical Illness Insurance If You Have A Mortgage?

It used to be the case that when you took out a mortgage the bank or building society would insist that you had life insurance in place.  Why not?  This is good advice for most people.  People know this because they often still think that life insurance is a legal requirement and it makes sense [...]

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70% Of People Think They Are Getting Advice?

According to a recent article by the Guardian newspaper 70% of people buying Critical Illness Cover believe that they are getting advice when buying direct from insurers either over the phone or online.  The FSA is worried about this statistic but so too should the insurance industry.  It’s taken a long time for Critical Illness Insurance [...]

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Does Critical Illness Cover Have A Place In Business Protection Insurance?

Many business owners are not aware that business protection exists so far as shareholder protection, partnership protection, and keyman insurance are concerned.  It is often the case that once the business understands how these products can help the business survive through the worst times , it tends to make sense.  First of all people tend [...]

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Cancer Insurance Instead Of Critical Illness Insurance

Critical Illness cover has always been a complex product to the UK market.  The ABI offers a standard definition list which  most of the critical illness insurance providers subscribe to but then these providers can also offer their own definitions and illnesses in addition to the ABI list too.  This is what leads to confusion in [...]

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Scottish Provident Pays Out £114 million in Critical Illness Claims

Scottish Provident has proudly published its claims statistics for January through to December 2008.  Claims payouts are 20% higher than the previous year according to Scottish Provident.  Here are some of the published figures:- Total number of claims paid – 1514 Total percentage of claims paid  – 86.7% Average payout  – £75750 Largest claim – £552487 Average age of claimant [...]

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