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The failure to disclose information, especially medical information, is the most common reason why an insurer will reject a claim on a life or critical illness policy. To help underline some issues, we want to tell you a true story - but we've concealed the policyholders' name and a few other aspects to preserve anonymity. Related Article Tags: , , , ,
Life Insurance is so important to have - almost as a backup strategy we never know what 'life' has in store for us. Yet the majority of us know that an accident is inevitable somewhere throughout our life time. We also know that our circumstances will change, whether it be a pay rise, marriage or becoming a parent. Often these life altering events drive us to the process of taking out life cover so that we are able to provide financial security for loved ones if an awful situation arises. Related Article Tags: , , , , , , ,
When applying for life insurance many life insurance companies require you to answer medical related questions and / or to undergo a medical examination as part of the application process. These medical examinations are often required as proof of your health status as given on your application form. Related Article Tags: , , ,
Private medical insurance will pay for all the consultations, examination, tests and operations which are necessary for your illness. You will be treated in a private room and there will be virtually no waiting lists to contend with. You will have a choice of where and when you are treated. These plans can be taken as an individual, a couple or a family. They are normally on a yearly contract and premiums can usually be reduced by paying an excess on each claim.
Many patients suffering from chronic conditions such as cancer were feeling slightly more optimistic, when the decision was made to allow patients access to the very best drugs and treatments without losing their basic national health care. It seems hard to believe that, prior to the decision by the government, where all National Health treatments for a patient had been exhausted and the NHS budget could not fund further and very expensive treatment, patients were left to fund all treatment.
Insurers treat the non-disclosure of information on an application form very seriously indeed, and it is the most common cause for the rejection of a life or critical illness insurance claim. This true story explains that the situation isn't always black and white, and demonstrates the severity of the penalty. We have changed some details to protect the anonymity of the policyholder. Related Article Tags: , , ,
An article that gives a brief overview of what life term insurance is, when it will pay out, where to get a quote from and the types available at the moment. Related Article Tags: , , , , , , , , , ,
Are you adequately covered for personal life protection, including life assurance and critical illness cover? Do you know what the actual claims experience of the leading insurance companies is? Let's take a look at some revealing statistics... Related Article Tags: , , , , , , ,
Variable life insurance offers the ultimate in life insurance flexibility. The main principle governing variable life insurance is that you control your life investments instead of the life insurance company managing them on your behalf. This enables you to select the level of risk that you subject your life insurance fund to, paving the way for you to make substantial interest gains on the cash-in value of your life insurance policy. Related Article Tags: , , ,
If you're in the unfortunate position of having to make a claim on your critical illness insurance policy, the last thing you want is insensitive hassle or apparent non co-operation from your insurer. But according to numerous newspaper articles, that's precisely what's happening. The core problem is that before they'll pay out, the insurer will always want to make exhaustive enquiries about your past health record. Related Article Tags: , , ,
Figures released recently by the Health Development Agency confirm that smoking is killing around 83,200 people a year in England. It is the largest cause of illness and significantly decreases smokers expected life-span. Related Article Tags: , , ,
Smoking is not just a burden on your health but your finances as well. There is the direct cost of purchasing them and the accrued cost over time can be ridiculously high. The collateral financial cost of smoking is the negative impact it can have on life insurance. Smokers more than other clients will be more likely to suffer serious illness or die as a result of the habit, and so companies know there is a higher standard of risk involved when offering them life insurance. Related Article Tags: , ,
Check your cover to see exactly what it includes, but remember that prevention is better than cure - covered or not. Related Article Tags: , , ,
When a person is infected with HIV, he has an illness during the first few weeks or months. The symptoms of this illness are not specific that includes fever, rash, muscle aches, headaches, nausea and enlarged glands. It is a way the body responds to the infection. There are some doctors who say that if the treatment is started at this stage could be beneficial but there is no clear evidence to it. Related Article Tags: , , , ,
At last, a real life insurance bargain - but as always there are strings attached!
If you take out a new pension policy after 6 th April 2006 and within the same premium pay for life insurance cover, then you can use your pension contribution tax allowance to reduce the cost of your life insurance. This means if you're a standard rate taxpayer, you'll receive 22 per cent tax relief on your life insurance premiums and relief at 40 per cent if you're a higher rate taxpayer. Related Article Tags: , ,
Protection menus which offer customers opportunity to pick ‘n mix health and life cover in a single comprehensive policy have been around for over two decades. Unfortunately the original versions did not prove to be very attractive to customers although the concept was right. Direct debit, a single set of paperwork and administrative savings were welcomed by both the insurer and the consumer. However the benefits offered by these menus were outweighed by the drawbacks. Related Article Tags: , , ,
When you've taken out a mortgage you've make a long-term commitment to maintain the monthly repayments for the full duration of the mortgage. That's going to be over many years but you're making that commitment without the benefit of a crystal ball - no one knows how your circumstances are going to change, for good or bad. So that must represent a big risk. Related Article Tags: , , ,
This is a question that many parents need to know the answer of. What is chicken pox? It is something that is life threatening to your child? How do you know what to do when you think your child may have chicken pox? The questions can be numerous because all good parents want to protect their children from harm. Chicken pox is a common, but very contagious disease. Usually this disease effects children, but adult cases do happen and are then known as shingles. Related Article Tags: , , , ,
Leading protection insurer, The Co-operative Insurance, has urged both men and women, to look at the range of life insurance plans available and protect themselves against a variety of life-altering events. The Insurance provider has quoted some useful tips, to help policy holders, when finding the right life insurance plan, who should take them out and the pitfalls that should be watched out for, these include.
Assurance of your family in good health is always rated as the highest priority for you all through out the life. In spite of your fullest efforts, illness does happen and someone in the family surely falls sick at some point of time. With the increasing cost of healthcare every year, these out of blue situations brings high treatment costs along with it. That is a situation that we cannot afford to ignore. Therefore, you should have a health insurance policy that aids you with the much required financial help. Related Article Tags: , , , , ,
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