Life & Critical Illness Blog

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 [...]

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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) [...]

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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 [...]

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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 [...]

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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 [...]

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Stop Smoking=Cheaper Critical Illness Cover

No smoking day is on March 11th.  This day is an incredible incentive to kick the habit.  If you can stop smoking for one day, you can stop forever.  Trust me on this, I did it. Stopping smoking for health reasons will be reward enough but your life assurance and critical illness premiums would also decrease [...]

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