| There's a new critical illness policy on
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| | critical illness policies would only pay
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| the market which attempts to go some way
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| | out when total blindness occurs. In all,
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| with regard to sorting out the perplexity
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| | 140 severe conditions are covered.
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| regarding exactly what is, and is not,
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| | A spokesman for one of the specialist
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| covered when it comes to claiming on the
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| | financial advisers welcomed the range of
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| policy.
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| | the policy, but voiced some concern
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| Traditional critical illness policies
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| | regarding the implementation of these
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| tend to cover up to 35 listed medical
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| | severity-based payments, saying that it
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| conditions. Policyholders could become
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| | would be open to argument as to what
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| seriously ill with a condition that
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| | level of severity some illnesses would be
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| doesn't fall into the scope of the policy
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| | graded as. It was felt that it would not
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| and find that their illness is not
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| | be advisable to enter into this type of
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| covered, whilst others may be diagnosed
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| | policy unless you had a very clear
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| with a listed illness with a lower
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| | understanding of exactly how it would
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| "grading" which is relatively easily
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| | work. We quote "It will be up to the
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| treated, for which they get a full
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| | consumer to decide whether a guarantee of
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| payout.
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| | getting a smaller payment is better than
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| Because of this inequality, the
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| | possibly getting nothing."
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| Financial Services Authority is uneasy
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| | The cost of this new policy is
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| with regard to insurers failing to fully
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| | approximately twice as much as
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| understand that cover is restricted to
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| | conventional critical illness cover.
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| certain specific illnesses.
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| | If your main concern regarding insurance
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| This new product is marketed by the
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| | cover should you become critically ill
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| Prudential, under the name of the
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| | would be the financial outcome, it might
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| Flexible Protection Plan, and is unusual
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| | be better to consider life insurance.
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| in that it claims to cover an amazing 140
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| | Particularly, if you have a family to
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| medical conditions. However, cover is
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| | support, you may need something that is
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| based on the severity of the condition
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| | going to guarantee their lifestyle in the
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| which could possibly cause some
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| | worst case scenario and with the addition
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| uncertainty regarding the grading of
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| | of some income protection cover, which
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| these illnesses.
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| | would meet outgoings in the event of you
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| This is how the plan works:
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| | becoming unable to work due to illness.
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| Listed in the policy are practically all
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| | This type of cover, unlike the critical
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| serious illnesses and the payout when one
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| | illness policy, protects you against
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| these is diagnosed will be graded
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| | common conditions, which result in you
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| according to the severity of the
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| | being unable to carry out your work.
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| condition. The Prudential says that by
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| | The best course of action would be to
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| tying payments to the degree of
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| | contact a broker and check out the
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| seriousness of the illness means that
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| | alternatives. The internet's a good place
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| more payments can be offered to people
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| | to start and there are some good internet
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| with debilitating illnesses, who may
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| | discount's available, along with plenty
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| otherwise get nothing at all. An example
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| | of advice. A good broker will be able to
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| of this is that should you lose the sight
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| | compare the products available and come
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| of one eye; the Prudential policy will
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| | up with the right insurance product for
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| pay 25% of the sum assured. Normally,
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| | you.
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