Mike Armstrong - Articles

The Gradual Growth of Critical Illness Insurance

The advantage with critical illness cover may have been numerous. You could think about keeping your household run and the children continuing their studies should a critical illness occur. Many a times in the event of a critical illness, one may be unable to attend work. Thus, income may be lost. Read

By: Mike Armstrong | 10/12/2007 | Insurance

Incidence Rates Concerning a Critical Illness Such as Stroke

Critical illness insurance had been designed to provide a tax free lump sum to the insured in the event of a critical illness. However, the critical illness should be appropriately met by the insurance’s policy definitions. Read

By: Mike Armstrong | 10/12/2007 | Insurance

Statistics to Help you Understand the Rate of Incidence of Certain Critical Illness

Critical illness insurance may have been designed long ago as a means to cope with the lack of health care systems in some countries. Since then, the development of critical illness cover has been considerable. More and more people may be seeking for critical illness cover as the product may have become widely known across the UK and worldwide. Read

By: Mike Armstrong | 10/12/2007 | Insurance

Various Figures About Certain Critical Illness Conditions

Figures may confirm that someone somewhere in the UK may contract a critical illness every 2 minutes. Heart attack may be a most likely cause. Surveys may demonstrate that around 75 percent of people may not possess a critical illness cover in the UK. Therefore, a considerable amount of people may be left without any financial help should a critical illness occur. Thus, the cost of possible treatments and care may not be matched. Read

By: Mike Armstrong | 10/12/2007 | Insurance

Better Understanding a Critical Illness Such as Cancer With the Aid of Some Statistics

Critical illness cover can be considered as a popular form of insurance policy in the UK. The end of 1990’s saw around 2.5 million critical illness policies in the UK. Among the long list of critical illnesses that exists we may come across the critical illness, cancer. Let’s have a look. Read

By: Mike Armstrong | 10/12/2007 | Insurance

Critical Illness Cover- is it a Dynamic Form of Insurance?

Critical illness policy may tend to change from company to company. Different policies may show you different critical illness conditions covered. You may find a critical illness in one policy but may not come across it in another policy. Most critical illness policies may contain exclusions. Exclusions may be best defined as cases not covered by the insurance company. Read

By: Mike Armstrong | 10/12/2007 | Insurance

Critical Illness Claims Data From Standard Life and Scottish Provident

Critical illness cover may be one among the most sought type of insurance worldwide. Millions of people in the UK may possess a critical illness cover. While some have bought critical illness cover to protect their families some might have also preferred to secure their mortgage. Read

By: Mike Armstrong | 10/12/2007 | Insurance

Critical Illness Claims Stats

Buying a critical illness cover may provide you benefits in the future. In this case, you have to pay monthly or yearly premiums so that the critical illness policy remains in force. Premium payments may fluctuate as per the type of insurance, your age, your health conditions, whether you are a smoker, etc. Premium payments may also vary if you take a critical illness policy related to mortgage, for example. Here the premium values may rise. Read

By: Mike Armstrong | 10/12/2007 | Insurance

Reinsurance of Critical Illness Insurance

The risks factors in critical illness insurance may be greater than that of life insurance. Reinsurance of critical illness insurance may be a solution to eliminate some of the financial loss an insurance company might incur. The procedure may take place through quota share or an excess of reinsurance. Let’s have a look at some of the factors important for the reinsurance of critical illness insurance. Read

By: Mike Armstrong | 24/10/2007 | Insurance

Critical Illness Definitions- Useful to Lead you to a Successful Payout

The experience in markets where critical illness covers had been sold may not have been pleasant. Results may have showed rough policy definitions, non disclosure by critical illness policyholders and moderate claims handling by insurers. This might have led to several problems. To avoid such dilemmas, a standard set of regulations may have been used to achieve a critical illness product of quality. Let’s have a look. Read

By: Mike Armstrong | 24/10/2007 | Insurance