We all have many claims on our hard-earned salaries and we obviously like to get the best value from whatever we buy, so many of us don’t see the true value of something like critical illness insurance – until we need it.
When we are young we think we are invulnerable and nothing’s going to happen to us. As we grow older it’s a thing we don’t like to dwell on, but the reality is inescapable. Continue reading “Do you need critical illness cover?”
VitalityLife – one of the panel of insurers we use at FPL –paid out a record amount in claims in 2016, including 99% of those made for life cover.
The firm paid out a total of £33 million on 807 claims which also included 93% of serious illness claims and 94% of those made for income protection. Continue reading “Vitality pays out on 99% of life claims”
While many of us hold life insurance to protect our families should the worst happen to us only a small number have any cover to protect them if serious illness doesn’t kill them but stops them working.
Recent research by Aviva has shown that, when we start to worry about our personal health, over half of us (58%) worry about being diagnosed with cancer with a third (34%) worrying about heart disease and almost the same number (32%) worrying about having a stroke. Continue reading “Taking a chance with serious illness”
In the dark days of financial austerity many workers found their employee benefits being eroded as employers struggled to maintain profitability.
One of the most common ones to fall by the wayside was critical illness insurance, designed to preserve your income if you are forced to give up work through accident or serious illness. Continue reading “Have you been left exposed to critical illness?”
UK families are running the risk of their finances being hit by critical illness, despite insurance packages being available to protect them from as little as £5 a month.
Scottish Widows believe we are ‘woefully under-protected’ should serious illness strike. Continue reading “UK families running risks with critical illness”
New research shows that 11.7 million families are in danger of losing their homes because of an insurance ‘protection gap.’
Research by insurance company Aviva has found that almost 12 million UK families have no insurance cover in place to pay the bills if the main breadwinner either dies or becomes unable to work. Continue reading “‘Protection gap’ puts 11.7 million families in peril”
The world of insurance can sometimes seem complex and confusing and not all types of policy are easily understood – amongst these is critical illness.
In these financially stringent times most of us are careful how we spend our money and asking ‘what can critical illness cover do for me?’ is a sensible question. Continue reading “What can critical illness cover do for me?”
More and more families are choosing to protect their standard of living by taking out insurance which pays out a lump sum if either partner comes out of work through sickness, injury or even death.
But experts say far too many families are still working without a safety net. Continue reading “Are you working without a safety net?”
Payouts for critical illness claims have overtaken claims for life policies for the first time, say Friends Life.
Head of underwriting, Chris Pollard, says the provider paid out £122 million in critical illness claims in 2014 – £1 million more than for life claims. Continue reading “Critical illness payouts now higher than life cover – Friends Life”