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Article: Knowing your ABCs.(Critical illness insurance)(Association of British Insurers)
- Article from:
- Financial Advisor
- Article date:
- March 26, 2009
- Author:
CopyrightCOPYRIGHT 2009 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Girlie Garduce
Getting insurance cover is not exactly child's play, but things are improving all the time
Is taking out protection cover as easy as ABC? In the case of critical illness, it is more about following the Cs and Ds, according to industry experts. From comparison sites, comprehensive changes to debt, critical illness has taken its fair share on the chin than other protection sectors.
Critical illness insurance was designed to alleviate financial pressures by paying a tax-free lump sum if consumers become seriously ill or totally disabled. Also known as dread disease cover, critical illness insurance pays benefits on the ...