Archive for the ‘Insurance’ Category

Whole Life Insurance And Critical Illness Insurance

Wednesday, August 18th, 2010

Whole of Life Insurance covers you for exactly what it says in the title the whole of your Life from when you incept the insurance policy. Typically you chose an amount to cover you for and this is called your benefit and will be paid out upon your death. As with any insurance policy there are certain medical requirements that need to be met. Depending on the provider and the medical issues you may be asked to have a short medical exam, a tele interview, information from your GP, you will often find that with a Critical Illness Insurance plan these are different to life insurance plans as they write to the doctor more often.

General Practitioner or even a full General Practitioners Report. There are the ways of the insurance company/provider finding out your medical history in order so they can underwrite your application fairly and offer you their best cover.

You my be offered cover with certain exclusion for example if your family have a history of cancer and the insurance company feel that it may be hereditary they will offer terms with an exclusion.

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Ratings On Insurance Policies

Monday, August 2nd, 2010

Your health and lifestyle can effect and insurance providers decision especially on Income Protection Insurance, this can be due to your height and weight (if you were overweight or underweight) or if you are a smoker or not. Typically if you are a smoker your premium will be higher than someone that isn’t a smoker. Insurance providers often tend to rate a policy if you fall into any of the adverse criteria above.

Rating is where your premium is increased due to a medical or financial issue. Previous illnesses can affect an underwriter’s decision. You will need to provide the insurance company with as much information as you can to help them with there decisions. Your occupation is a key decision maker for an insurance company.

If you have a job that involves a lot of lifting, travelling and high risk factors such as flying as a pilot everyday etc then these lines of employment may be classed as a greater risk as to someone sitting in an office all day doing no manual work.

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Whole Of Life Insurance In The UK

Saturday, July 17th, 2010

Whole of Life Insurance is a common insurance for people who want to have a small lump sum put aside for when they pass away. People look upon this to help their loved ones pay for any necessary costs for example funeral costs. Funeral costs can get quite expensive and loved ones would like to pay their respects in an appropriate manor.

It may be difficult for the person dedicated to organize it and then also having to pay for it, however with the lump sum from the Whole of Life Insurance this could be made that little bit less stressful. Obviously the money can be used for various different reasons however this is common purpose.

When setting up the Whole of Life Insurance cover, you could put the policy under trust in order for the money to reach the right person when you die. You will have to complete an application form to apply for the whole of life insurance however also when you wish to put the policy under trust. You should not consider putting Critical Illness Cover under trust as the proceeds from this comes direct to you.

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Traumatic Head Injury And Insurance Plans

Friday, July 16th, 2010

Traumatic Head Injury’s are one of the main causes of death across the world. A traumatic head injury can occur at anytime and can be caused by many incidents such as accidents (car accidents), violence and falls.

The individual’s brain functions may be totally lost or partially lost during the injury to the brain and sometimes the rehabilitation process can be a lengthy one, other individuals may never regain the normal every day functioning of their brain.

Paralysis of limbs means an individual completely loses the loss of muscle function and can also be known as loss of feelings in the limbs. Paralysis can be caused by an accident and trauma to nervous system of the body which could be caused by a stroke, a car accident or fall, spina bifida, multiple sclerosis and many more causes. Sometimes both administered and non administered can cause both temporary and non temporary paralysis. This would not be covered under a Life Insurance Quote however it would be under a critical illness quote.

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Illness\’s You Will Be Covered For With Insurance

Friday, July 16th, 2010

The lungs breathe and exhale both oxygen and carbon dioxide. If the levels between these are not balanced and correct the lungs can end up causing respiratory failure. There are a number of illnesses that would be included in a critical illness plan but not a Life Insurance plan that can lead to this happening such as asthma pneumonia and cystic fibrosis. If these illnesses are not treated, the individual that suffers from them could end up with a fatal ending.

Asthma is a very common illness across the UK, however not every person that has asthma will have an attack in their lifetime. In some cases if an individual has an asthma attack they could become hospitalized to be treated if their medication provided by the doctor has not worked.

To control asthma there are many options available depending on the severity and the individual’s health. People can be treated with inhalers, steroids in both tablet and inhaler form. Some of the symptoms of asthma are wheezing, shortness of breath and the general chest area feeling tight and uncomfortable.

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