Life & Critical Illness Blog

When NOT To Buy Critical Illness Cover

There are plenty of sites on the internet recommending critical illness cover but is there an instance when critical illness cover is not worth having?  This depends on your own personal circumstances and views. When Cancer Research state that everyone has a 1 in 3 chance of being diagnosed with some form of cancer at some [...]

Continue reading...

Scottish Equitable Pays Out 91% Of Critical Illness Claims

AEGON Scottish Equitable has published its critical illness claims statistics which show that the insurer paid out 91% of claims.  So that’s 9% of claims turned down.  In the previous year 18% of claims were turned down so to halve the rejects claims in a year is something to be proud of.  If you have read [...]

Continue reading...

Norwich Union Critical Illness Payouts Increase

Norwich Union, one of the UK’s largest insurers have revealed that their critical illness claims payouts increased by 14% last year compared to the previous year, 2007.  This is a substantial increase and follows the trend other insurers have been reporting.  Critical illness payouts are increasing across the board.  Norwich Union said that 90% of claims (1625) [...]

Continue reading...

Life And Critical Illness Insurance WITHOUT Advice

A number of the larger insurers have recently launched online life and critial illness sites whereby customers can complete a full application without taking advice.   Bright Grey have been the most recent company to announce their site.  Roger Edwards, proposition director at Bright Grey, said: “We need to recognize that a certain segment of the population is [...]

Continue reading...

The Future Of Critical Illness Insurance

There is no doubt that Critical Illness Insurance is changing.  Over the past few years the majority of insurers have streamlined their policies so that they all follow and adhere to the ABI (Association of British Insurers)  critical illness definitions.  This comprehensive list clearly defines what each critical illness means and what diagnosis is required to [...]

Continue reading...

Declined Critical Illness Claims Fall

Legal and General have revealed that the company paid out 93% of the critical illness claims it received in 2008, up from 88% the previous year. Just 4% of claims were declined as a result of non-disclosure compared with 8% in 2007. It was also revealed that the total value of the claims paid by the [...]

Continue reading...