.

Mike Armstrong's Articles in Personal Finance

Display Category|Title|Newest|Oldest
  • Evolution Of Critical Illness Insurance In South Africa
    Critical illness insurance was firstly originated in South Africa. The idea of having a critical illness insurance in South Africa appeared from a discussion between a cardio-thoracic surgeon, Mr. Barnard and the chief executive of a life office. Critical illness insurance was forced to be brought forward as the state health system lacked measures to cover the cost of a range of serious illnesses. Let’s have a look at how critical illness insurance evolved down the years in South Africa.
  • Some Points About The Development Of Critical Illness Insurance In Canada.
    The Canadian critical illness market experienced a growth for the creditor critical illness insurance. More precisely, with critical illness cover acting as a protection for mortgage. According to Munich Re, 2000, creditor insurance was launched in the year 1997 and since then a considerable improvement had been noted in the past two years. As a matter of fact, in the year 2000, the premium amounts recorded could have summed up to Canadian Dollar 12 million. This could represent a 100 percent increase in total premium value since the year 1997.
  • Critical Illness Insurance And Its Evolution In Canada
    Critical illness insurance had been a little slow to be known in Canada. More precisely, it took around five years. However, the Canadian life industry believes that critical illness insurance may adopt a similar trend where it had been a success, for example UK. As a matter of fact, the boost in critical illness sales may be expected to occur imminently.
  • A Decrease In Claim Rates And Some Statistics Related To Critical Illness Cover
    Long ago when someone suffered from a critical illness, his chance to survive could be slight. Nowadays, the advances in medical technology have made it possible for critical illnesses to be detected and treated earlier. As a matter of fact, survival rates have considerably increased. According to National Statistics Online, thousands of people who may not have survived a critical illness like cancer 10 years back may still be alive today.
  • Model Definition Of Exclusions In Critical Illness Insurance
    The Association of British Insurers had also published model definitions for exclusions in critical illness cover. Some common exclusions found in many critical illness policies are as follows: Aviation, criminal acts, drug abuse, HIV/AIDS, failure to follow medical advice, hazardous sports and pastimes, self inflicted injury, living abroad and war and civil commotion. Let’s have a look at the definitions for the above exclusions in critical illness cover.
  • Premium Payments Related To Critical Illness Insurance
    Critical illness insurance is one of the most common types of insurance policies in the UK. Since critical illness insurance was brought in the UK during the mid 1980’s till now, there has been a lot of evolution. Back in the year 1990, critical illness cover started to make a success in the insurance industry due to direct sales forces.
  • The ABI's Best Practice For Critical Illness Cover With Model Definitions
    The model definitions you will find as you read further in the article has been taken from the ABI’s best practice for critical illness cover (May 2002). Insurance companies, members of the ABI must adhere to these model definitions when they sell critical illness policies.
  • Model Definitions For Additional Conditions Concerning Critical Illness Insurance
    The Association of British Insurers had also published in its Statement of Best Practice for Critical Illness Cover May 2002, the model definitions for additional conditions covered. When you compare policies, you could do so in regards with the core critical illness section. It can be said that these critical illnesses could be more likely to happen.
  • A Downfall In Critical Illness Death Rates
    Today, the chance for someone to survive a critical illness is increasing. Medical achievements have made it possible for critically ill people to stay alive longer. So has the cancer researches done. Thousands of people who would not have survived a decade ago may still be alive today. For example around 80 percent of women suffering from a critical illness such as breast cancer may still be alive 5 years later.
  • How Have Critical Illness Insurance Sales Developed In The UK?
    Critical illness insurance, origin of South Africa arrived in the UK in the year 1985. Some companies tried to market the product but in vain. It was not until the late 1980’s that the real success for critical illness cover came.
  • Can A Stroke Be A Reason To Have A Critical Illness cover?
    Critical illness insurance may provide you with cover if you are diagnosed with a critical illness met by your insurance’s policy definitions. There may be around seven core cases that can be found on most critical illness policies. These are: Cancer, heart attack, stroke, kidney failure, multiple sclerosis, coronary artery bypass and major organ transplant. Should you suffer from any one of these illnesses during your insurance term, a tax free lump sum may be awarded to you.
  • Some Explanations Concerning Critical Illness Insurance.
    Should you fall prey to a critical illness in the future, the impact on your dependents and yourself could be considerable. For example, if you had stroke, heart attack or cancer you may consider taking out a critical illness cover. When you fall critically ill, financial implications may arise as your income could be lost. Especially if you are the sole working person at home, then the last thing you may want to happen is losing your home as you cannot pay your mortgage.
  • Some Points You May Consider Before Going For A Critical Illness Cover.
    Critical illness insurance policy may vary from one company to another. You may find a critical illness in one policy but may not come across it in another policy. Critical illness policies contain exclusions. Exclusions are things which are not covered by the insurance company.
  • AXA Insurance Company And Critical Illness Cover.
    Critical illness insurance has become one of the most popular forms of insurance policy in the UK and also in the world. As a result, nowadays there exist thousands of insurance companies in the UK offering critical illness insurance. Let’s have a look at the AXA insurance company and find out how they treat critical illness cover.
  • Stats that Might Encourage You taking Out A Critical Illness Cover.
    When critical illness insurance came into the UK during the mid 1980’s, people did not know a great deal about it. Some companies tried to market critical illness insurance but were unsuccessful. The real success came in the 1990’s with over 100,000 policies sold. Gradually critical illness cover became popular. Thus, in the year 1997, around 633,000 policies sales were already registered. By the end of 1998, a sum of 2.25 million critical illness policies could be counted in the UK.
  • A Brief Glance About A Critical Illness Such As Heart Attack.
    Statistics show that 1 out every 5 women may fall prey to a critical illness such as heart attack, cancer or stroke before reaching the age of 65. The same thing may happen to 1 of every 3 men. Therefore, the risk of catching a critical illness is bigger for men than women. Fortunately people’s awareness has increased. They have started to undergo health check ups regularly. Thus, any critical illness is being able to be discovered before the disease reaches a crucial stage.
  • Some Historical Figures Of A Critical Illness Such As Cancer.
    Critical illness cover is one among the most sought insurance policies in the UK. 1 in every 3 men may suffer from a heart attack at a point in his life. Seeing the growing risks of falling ill and being concerned about the security of their family more and more people have started to seek for critical illness insurance. Many life threatening diseases exist. Let’s see some figures and explanations about one of them, cancer.
  • Critical Illness Insurance Down The Years.
    The sale of critical illness cover has been considerable in the UK and Ireland during the late 1990’s. For many companies, critical illness insurance may have been a source of revenue profits. Critical illness cover was mainly sold to young adults as premium rates at an early age carried affordable rates. People preferred critical illness insurance as it paid direct benefits if compared to income protection or mortgage protection insurance.
  • The Evolution Of Critical Illness Insurance- Part 4
    The critical illness policies firstly launched in the UK was simple compared to those we can find today. During the year 1990 the core set of illnesses had already been defined as cancer, heart attack, stroke, CABG, major organ transplant and kidney failure. Total and Permanent Disability was also included to catch a range of severe illnesses which could change the lifestyle of someone.
  • The Evolution Of Critical Illness Insurance- Part 3
    When critical illness cover first appeared, only six illnesses were covered. These were cancer, stroke, heart attack, kidney failure, major organ transplant and coronary artery bypass. Nowadays, the number of critical illnesses covered, have increased in the UK. Some companies might provide you with policies covering up to 30 different critical illness conditions. It should be pointed out that this trend may nearly be coming to an end.
  • The Evolution Of Critical Illness Insurance- Part 2
    According to Dinani A and others (March 2000) “A Critical Review”, in the year 1998, almost two thirds of critical illness sales were mortgage related. It can also be said that around 50 percent of in force critical illness policies were riders to mortgage insurance. There was a big difference in critical illness sales amount according to how companies sold the product. This varied between successfully marketing the product and simply adding it to complete a wide range of products.
  • The Evolution Of Critical Illness Insurance-Part1
    Critical illness insurance may pay out a tax free lump sum when you are diagnosed with a critical illness acceptable to your insurance company. The money obtained from the insurance can help you sort out part of debts and financial obligations you may have got. Often in such cases where a person is suffering from a critical illness his income is lost for a lapse of time as he cannot attend work. Critical illness insurance has now become one of the most popular forms of insurance.
  • A Glance At The History Of Critical Illness Insurance.
    Critical illness insurance was firstly created in South Africa in the year 1983. It was generally known as dread disease insurance. Critical illness insurance was then brought to UK in the year 1985. The first policy was then introduced by Lloyds Life now member of Royal and Sun Alliance.
  • Is It Imperative To Have Critical Illness Cover?
    Critical illness insurance has become one of the most rapidly growing forms of insurance available today. According to tiscali.money, critical illness insurance may have over 1 million of policies sold in the UK in the year 2002. This type of insurance was developed as medical improvements enabled people to survive a critical illness that could not have been treated long ago.
  • Some Critical Illness Statistics During The Past Few Years.
    Critical illness affects a lot of people worldwide. Critical illness insurance has an important role to play in the lives of people nowadays. Nearly everyone knows about the numerous advantages they can benefit from a critical illness insurance. Surveys show that the number of people seeking a critical illness insurance is increasing as critical illness rates have raised.
  • Figures That Might Encourage You To Take A Critical Illness Cover.
    Life is unpredictable. You may suffer from a certain critical illness at a point in your life. As per Belvins Franks statistics, almost everyone has a friend or relative that has suffered from a critical illness in his life. Similarly 1 of every 3 men may suffer from a heart attack before reaching the age of 65. Therefore, the risk of having a critical illness than to die is much higher.
  • Some Statistics About Critical Illness Cover Claims.
    Taking out an insurance policy is a wise idea. Whether it is a life insurance, critical illness insurance or income protection insurance, you are required to pay premiums. Premium payments tend to vary according to the type of insurance and policy you buy. For example, if you take a combined critical illness cover with life insurance, the premium payment may be higher than usual. Whatever the cover you take, there are a few things to consider.
  • Some Figures About Critical Illness, Worthy Of Concern
    Critical illness insurance has become a popular form of insurance nowadays in the UK. The reason behind is that there may have been a considerable increase in critical illness among people in the UK. As a result, more and more people seek a critical illness policy so as to protect themselves and their families from possible uncertainties in the future.
  • What Is Critical Illness Insurance?
    Critical illness insurance is a type of insurance designed to pay a tax free lump sum at the moment you are diagnosed with an illness considered as critical illness. Most insurance companies that offer critical illness insurance cover seven major diseases: cancer, stroke, kidney transplant, heart disease, paralysis, multiple sclerosis and artery bypass. Here are some factors that will help you while taking out a critical illness cover.
  • What is a Life Insurance Cover?
    Life insurance is a type of insurance that offers financial security to people and their families in case of unexpected death of the earner. The insured or the policy owner is required to make periodic fixed payments, to the insurance company to keep the policy in force.
Sign Up for author account
Home
Submit Articles
Member Login
Guidelines and Terms
Article RSS Feeds
Search This Site
Contact Us
Privacy Policy
Articles Blog
Get our free daily e-tips:

-> Self Improvement
-> Diet & Exercise
Web Resources

-> NLP