Critical Illness Insurance. Still too many claims thrown out.

The latest figures from the insurance companies continue to show

Mortgage Protection. Easing your biggest concerns.: Most homeowners have life insurance to repay their mortgage if they were to die. But death is only one of many risks. What other risks threaten your mortgage and how can they be offset? This article investigates and offers some solutions.
Life Insurance Without Life Value Why Young People Are Snubbing Financial Advice: An interesting article dealing with the lack of awareness in the young about their personal financial situation.
Tips for Choosing a Life Insurance Company: This article argues that you need to consider the merits of the life insurance company providing the policy, as well as the policy itself.
Critical Illness Insurance. Do you really need it, or is it a waste of time?: There is a 1 in 5 chance that a man will suffer a long-term critical illness before his normal retirement age. So why isnt critical illness insurance more popular? This article investigates the reasons and reinforces the importance of this form of insurance.
Critical Illness Insurance. Are your children insured?: Ensure that your critical illness policy automatically covers your children. This article explains why it's so important.
Save Thousands on your Life Insurance.: Smoking is the bane of many our lives. Giving up not only helps you live a longer, healthier lifestyle - it can also save you thousands on life insurance.

Life Insurance News

large numbers of rejected claims. Whilst the figures do vary between insurers,

On average they work out at around 1 in 5 claims are rejected. (see below).

Critical illness insurance pays out a tax free lump sum if the policyholder is diagnosed with one of a long list of qualifying illnesses and conditions included stipulated on the policy.

The biggest reason for claim rejection is that the insurer has identified that the policyholder failed to fully disclose their medical condition when they originally applied for the insurance. This always results in conflict between the insurer and the policyholder so our best advice is always disclose everything, no matter how small or insignificant you think it may be.

If you do make a claim, your insurer will always search through your past medical records to satisfy itself that you had disclosed everything at the time you made your application. Then if they find that you did omit medical information, they have a valid contractual reason for refusing your claim.

In some people's eyes this makes critical illness insurance the least reliable form of insurance - but we disagree. We say if you've disclosed everything about your medical history, no matter hoe small, then there should be no problem.

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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!

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?
When looking for low mortgage rates you're sure to face the decision between choosing a cheap rate or a higher rate mortgage but which has very low, or no up front costs.

Everyone has seen mortgages advertised with incredibly low interest rates on both the Internet and in the national press. Experience has shown the mortgage lenders that it's a low headline interest rate that pulls in the borrowers. The problem is that these ultra low rates force them to replenish their profits in other ways. A common solution is high arrangement fee.

Arrangement fee are charged to supposedly cover the cost of managing the mortgage application and reserving the advance. These fees can normally be rolled in with the mortgage advance but some lenders require them to be paid in up front. And the fees do vary enormously, not only between lenders but even between mortgage products marketed by the same lender. So keep your eyes skinned!

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.

Today's Tip
Don't buy direct from a Life Insurance Company or even your bank, until you have received at least two quotes from specialist life insurance brokers. That way you're bound to get a great deal for your life insurance policies.