Critical Illness Insurance. Still too many claims thrown out. Page 2

Having said that the rejection figures from the insurance companies do

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vary, so it may be that some are more stringent than others.

Rejection rates published by UK insurers

Insurance Company	Percentage of Critical Illness Insurance claims rejected
Bupa	21.5%
Friends Provident	25%
Legal & General	22%
Norwich Union	26%
Prudential	20%
Scottish Equitable Guardian	10%
Scottish Equitable Project	28%
Scottish Provident	11%
Scottish Widows	18%
Skandia	21%
Standard Life	20%

The other factor that affects the rejection rate is that more recently issued policies tend to have higher claims and higher rates of rejection. So if an insurer has not been in the market for a long time, or it has had a major sales campaign on critical illness insurance during the last few years, then it's rejection rates will be higher.

Our advice is buy the critical illness policy that suits you best and on your application form, fully disclose everything about your health. Don't miss anything out. Then you'll be OK

Did you Know?
Over recent years, the cost of moving house has risen at more than twice the rate of house price inflation. The main offender has been stamp duty.

Today, a move from the average semi worth £174,750 to an average detached house costing £293,250, will cost some £12,500. Five years ago the same move would have cost just £4,500. These costs include Land Registry costs, local authority searches, estate agents, solicitor's fees, and of course, stamp duty. This means that house moving costs have increased by 176% whilst house prices have themselves risen by 70%.

This increase in home move costs has been greatly influenced by the fact that the average price for a detached house has now burst through the £250,000 level above which stamp duty jumps from 1% to 3%.

For some homeowners, these costs have influenced a decision to stay put and remortgage. That's one of the reasons why remortgages have become so popular.

Did you Know?
Personal secured loans are widely advertised on the Internet but research has found that of those applicants who are accepted, 43% are offered a rate that is higher than the advertised rate (source: Experian, the UK's largest credit reference agency). Therefore, if you're looking for a cheap secured loan, it's probably best to apply through a loan Broker. The Broker will know exactly which lenders will accept your credit history and find you the cheapest possible loan.

Did you know?
If you can't get home insurance, beware - the Royal Institution of Chartered Surveyors warns that value of your house could fall by 80%. And it's a high flood risk that is most likely to make your house uninsurable. According to a recent report, 6.5 million homes are already at risk from flooding and 1.5 million homes are in areas at high risk. Furthermore, if global warming continues, by 2030 this 1.5 million figure could double.

Did you Know?
According to Land Registry figures, there has been a huge increase in the number homes sold for £1m plus. Despite what you'd expect, this hasn't caused the scramble for business you'd expect from lenders. Many of them are exercising caution when it comes to the well-heeled mortgage seeker. Surprisingly, the best deals go to the smaller borrower. It seem as if lenders would prefer to lend 10 borrowers £150,000 each rather than one loan of £1.5m, in order to spread the risk.

It is, however, beginning to get easier to get mortgage quotes for high value homes. Recent figures from the Land Registry show a massive increase in the sales of million pound plus properties.

Did you know?
If you are looking for cheap car insurance , then shopping on the Internet is sure to come up trumps. That's why Internet sales now account for 53% of all car insurance. And when it comes to renewal time, remember to shop around again! Don't automatically accept a renewal notice - you may still find it cheaper!