| Critical illness insurance offers cover
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| | instead? Apart from knowing that they
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| for certain specified conditions such as
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| | are, in fact, likely to be paid out, the
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| cancer, heart problems, kidney failure,
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| | decision could be left open to argument
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| loss of limbs, etc., The cover is quite
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| | regarding the grading of the level of
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| simple and straightforward, in that if
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| | severity of the condition: therefore
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| you are diagnosed with one of the severe
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| | consumers could be worried and confused
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| illnesses listed in your policy a payment
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| | about the final amount agreed. What
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| is made. On average 35 conditions would
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| | insurers would grade as relatively minor
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| be considered as falling into this
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| | may appear very different to someone
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| category with most companies. There is
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| | newly diagnosed with a condition. It
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| just one company, Virgin, who vary the
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| | could be a case of accepting the fact
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| cover by offering severity-based payments
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| | that a smaller payment is better than
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| when cancer is diagnosed. Obviously with
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| | nothing at all, but it could also be that
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| an illness such as cancer, there are
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| | the payment doesn't match expectations.
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| various degrees of severity and with
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| | It would be advisable to make sure that
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| increasing success rates in the treatment
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| | you thoroughly understand the full
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| of this disease; this seems a fair way of
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| | implications and terms of the policy
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| dealing with the situation.
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| | before considering taking cover.
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| The Financial Services Authority are not
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| | Conventional critical illness cover, for
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| certain that people realize the
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| | a typical 30 year old family man, who
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| limitations on the number of severe
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| | doesn't smoke would be around £24 per
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| medical conditions covered by their
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| | month, whereas it could more than double
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| policies and that they could be in for a
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| | with this new plan.
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| nasty awakening if they assume that every
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| | It may be that critical illness cover is
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| serious illness will be covered.
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| | not the product for you. For financial
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| With this in mind, the Prudential have
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| | security for your family, in the event of
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| brought out a policy which lists 140
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| | your death, life insurance would be the
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| severe conditions, which will be covered
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| | most important planning tool. To cover
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| by their plan. Rather than the "black and
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| | outgoings if you are incapable to
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| white" decision made on diagnosis, this
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| | working, income protection insurance
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| promises a grading of the payout
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| | could be useful. This offers cover for
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| according to the severity of the
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| | common ailments too, and not just the
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| condition. A spokesman for the Prudential
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| | critical ones.
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| says the policy, named the Prudential's
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| | For advice and help on the type of
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| Flexible Protection Plan, will mean that
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| | insurances available, the easiest course
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| more payments will be made to insurers
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| | of action is to find an internet broker,
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| with debilitating illnesses, whose
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| | who'll be able to answer your questions
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| illnesses would otherwise be outside the
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| | and come up with a range of quotes with a
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| scope of the insurance and who would then
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| | minimum of trouble to you and ensure that
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| get nothing at all.
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| | you arrange the insurance cover which is
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| An improvement then on "black and white",
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| | right for you and your family.
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| but could this leave a "grey" area
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