Life & Critical Illness Blog

The Difference Between Life Insurance & Critical Illness Insurance

There are a lot of people who think that if you have life insurance there isn’t much point in having critical illness insurance.  They also think that if you have critical illness insurance there’s no need for life insurance.  Both of these cases couldn’t be further from the truth. There is only one reason why a [...]

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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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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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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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