Articles By: Mike Armstrong

14 Nov, 2007

Critical Illness Insurance Developments And Trends In Canada- Part 1 »
Critical illness insurance may be considered as a new form of insurance in Canada. Critical illness cover first made its apparition in Canada during the year 1993. Canadians may have been slow to adopt critical illness cover. Thus, sales may have been minimal since introduction. But during the last two years critical illness sales may have been noted to make an ascent. -- [ Health Tips » Health Insurance ]

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14 Nov, 2007

Development Of Critical Illness Insurance In Australia »
In Australia, critical illness cover may be commonly known as trauma cover. Practically all life insurances in Australia may be written on a yearly renewable term. Researches show that around 95 percent of critical illness policies in Australia may be temporary. Also, premium rates may be constantly reviewed. Let’s have a look at how critical illness insurance developed in Australia. -- [ Health Tips » Health Insurance ]

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14 Nov, 2007

The Initial Stage Of Development Of Critical Illness In The UK »
Critical illness policies made their appearance in the UK during the mid 1980’s. Having encountered some problems at the beginning, critical illness cover made a real success during the 1990’s. In the year 1999, around 800,000 critical illness policy sales could be counted. The amount then gradually increased to around 3 million. Researches showed that around 10 percent of the working population in the UK possessed critical illness cover during the year 1999. -- [ Health Tips » Health Insurance ]

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14 Nov, 2007

Analysis And Explanations Of Critical Illness Claims In The Australian Market »
In its “Report on the Mortality Investigation 1995–1997”, the Institute of Actuaries of Australia has analysed the market experience with the critical illness cover (trauma cover). Around 626 critical illness claims may have been made and accepted. The total exposure, that is lives exposed to risk, may have been around 367,000. Let’s have a brief look. -- [ Health Tips » Health Insurance ]

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14 Nov, 2007

Useful Options In Critical Illness Insurance »
As a means to keep the policy ongoing after a critical illness had occurred, the reinstatement of critical illness cover and the reinstatement of life cover may have been brought forward. Let’s have a brief look at these two options. -- [ Health Tips » Health Insurance ]

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14 Nov, 2007

Understanding The Different Concepts Of Critical Illness Cover »
Companies may have started to include critical illness covers with income protection plans. The idea may have been primarily to secure the insured person in the event of unemployment. Should unemployment occur due to critical illness or accident, the insurer might pay the loan installments for example. On the other hand, if a critical illness struck, the insurance company might make a payout to then settle the whole loan account. -- [ Health Tips » Health Insurance ]

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14 Nov, 2007

Critical Illness Insurance Developments And Trends In Canada- Part 2 »
Insurers in the Canadian market continue to provide more and more cover for many critical illness conditions. By doing this, they may be able to then make their presence felt among their competitors in the insurance market. Individual critical illness insurance covered around ten conditions. Besides, nowadays most policies may provide cover for around 20 critical illness conditions. -- [ Health Tips » Health Insurance ]

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14 Nov, 2007

Scaled Benefits In Critical Illness Insurance »
Scaled benefits also called tiered or staggered benefits may be the latest development in the insurance industry. Critical illness covers are being made to contain more and more critical illness conditions these days. Scaled benefits may therefore aim to provide benefits to the critical illness conditions which may be not as serious. As a means to reduce benefits that may be not equal to the risk, insurers may define benefits according to the relative seriousness of a critical illness. -- [ Health Tips » Health Insurance ]

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