Critical Illness Cover - Not The Breast For Cancer Sufferers
Topics: life, insurance, policy, critical, illness, cancer, breast
Insurance companies have been heavily criticised by breast cancer sufferers for not protecting them against the consequences of this particular disease. Critical illness cover is designed to protect policy holders in the event of critical illness but many policies explicitly state that one particular type of breast cancer found in women, ‘ductal carcinoma in situ’ is not covered . Some women have been shocked and appalled to find out that their large policies will not pay out in this eventuality.
Life insurance is taken out under the legal terminology ‘utmost good faith’. This is said to mean that the insurance company and the person taking out the policy are acting in good faith and that the policy delivers what is advertised without the potential policy holder having to read through the small print. Critics have suggested that by refusing to pay out in these cases of cancer insurers are contravening this mandate. They have been particularly critical of sales men and women that fail to point out the pitfalls of the policies they sell.
Insurance companies have claimed that ‘ductal carcinoma in situ’ which is diagnosed in over 3000 women every year is not technically a critical illness as the cells in the tissue outside the ducts have not yet shown signs of cancer. The condition is known as a pre-cancer which is why the term ‘in situ’ is used. However although the cancer is not fully developed people that suffer often have to go through major surgery to prevent the cancer progressing. Mastectomies are not uncommon with this diagnosis and groups are keen to lobby against the fact that insurance companies will not pay out.
In one case a woman had a 70,000 pound policy and was diagnosed with this pre-cancer. She was given a mastectomy and was forced out of work for over two years. He insurance company refused to pay out as the brochure that had given her when she signed up for the policy clearly stated that it would not be covered. The real difficulty arises because had she not had the preventative treatment the cancer would have developed fully and she would have become ill enough to receive the payout. Understandably she could not risk her life to wait for the payout and she opted to have the surgery as quickly as possible.
The main criticism is that if the illness is not considered critical then why do sufferers have to go through such radical and invasive treatments? Some companies do make a point of paying out in the event of this illness but it is important to all people that are looking for life insurance that you carefully scrutinise the policy you take out and be aware that ‘ductal carcinoma in situ’ may not be included in your critical illness cover.
Shaun Parker is an insurance expert. He regularly scrutinises the types of Life Insurance policies available on the market to help guide consumers toward the right policy for them. To find out more please visit www.theidol.com
Previous Articles Highlighter:
Grandparents Providing 'Significant' Financial Help (1)
The study also showed that it is males who are likely to give more money towards their grandchildren, as grandfathers spend some 69 pounds per month, while grandmothers' expenditure accounts for 45 pounds.
How To Find A No Annual Fee Credit Card (2)
Some lenders charge as much as $39 for a late fee, which makes up for the lack of an annual fee. Many cards also have a policy that the low APR is only locked in as long as payments are made on time.
Capital Tax Allowances And The Self Assessment Tax Return Form (3)
The rate of first year allowance for small businesses has changed each year from 2004-05 to 2007-08 starting in 2004-05 at 40%, rising to 50% the next year and then back to 40% in 2006-07 before returning to 50% in 2007-08.
Life Insurance Is Cheaper For Vegetarians (4)
Topics: insurance, life, vegetarian Vegetarians are set to benefit from reduced life insurance premiums. Recent surveys into the death rates reveal that vegetarians are less likely to suffer major illnesses than people that eat meat.
Whole Life Insurance - Protecting You 100% (5)
There are broadly two major types of life insurance policy commonly available. Term life insurance is the cheapest form of insurance but has a limit, the term of the policy, for which it will provide protection.
Van Insurance - A Must-Have For All Van Owners (6)
Adding all that up, you will find that the bill gets longer by the minute because you have to add the cost of repair of the vehicle and many other things that, perhaps, a simple bump, has triggered.
Explaining Income And Expenditure Sections Of The Self Assessment Tax Return (7)
When turnover exceeds 15,000 pounds totals are required of the sales and business income and then deducted from that total the cost of sales which is split into three categories of expense.
Profiting From Tax Liens (8)
This is the best way to get a good discount on a property that you can then sell for profit. To do this, you will contact the property owner before the foreclosure auction or tax deed sale with an offer for the property.
Profiting From Probate Property (9)
However, the beneficiary will have to start paying taxes and any other fees that are associated with that property. Unless the beneficiary needs the probate property, he is likely going to look at selling it.
Profiting From Foreclosure Auctions (10)
Also, take some time to research the condition of the property. If there are any major repairs that are needed, you should know these before buying the home. Decide if the repairs are something you want to do yourself, or if you want to resell the home with the problems and take a cut in your profits.
Profiting From Bank Foreclosures (11)
However, the truth is that in today's unstable economy, more and more gems are going into bank foreclosure simply because the owners of these properties have fallen on hard times.
1 Simple Idea To Get A Cheap Car Insurance Quote (12)
Car insurance prices can vary by hundreds of dollars. You as a vehicle owner has to be careful in selecting the right car insurance policy. What are the types of payments?
1 Simple Tip To Save More Car Insurance (13)
Why you need to save more now? The first step to save more is to start comparing cheap auto insurance quotes to find a policy that suits your needs.
Real Estate Investing 101: Purchasing Rentable Properties (14)
By purchasing a well maintained piece of property in a good location and within your budget, you will be certain to start a solid career as a landlord. Eric Bramlett is the broker & co-owner of One Source Realty, an Austin real estate company.
Knowledge Is Key To Make An Effective Auto Insurance Comparison (15)
Medical Coverage Required and optional medical coverage varies greatly from state to state. Some states require insured to carry no-fault medical which covers them in the event of an accident, regardless of fault.
Should I Attend Property Investment Courses? (16)
Searching and learning is where the miracle process all begins, Jim Rohn Investing in property may seem like todays flavour of the month. However, due to the large amounts of money changing hands, it is not something that you should try without proper training and guidance.
Profiting From Foreclosure Flipping (17)
First, the cost for the repairs to a property is hard to estimate when you purchase the home. You may be getting a good deal on the home, but after making the necessary repairs you might find that you do not make any money on the investment.
Commercial Real Estate Financing Lenders And Considerations (18)
The income the property has been making. They will want to see income statements and expense statements. This might be the #1 consideration, more even than your income.
Real Estate 101: Your First Meeting With Your Agent (19)
If so, the Realtor will need to make special arrangements when showing the house to prospective buyers. The real estate agent will also want to know if there is anything special about the property that you think should be highlighted while showing it to potential buyers or if there are any problems with the home that need to be repaired.
Residential Investment Property Tips You Can Use! (20)
You want to buy properties at a low price that you can eventually sell high. Look for properties to buy that are undervalued within their market. How do you know if a property is undervalued?
Newer Articles Highlighter:
Your Mindset Will Determine Your Success As A Real Estate Investor (1)
Of course that did not deter him. He practiced even harder grew to 6 feet 6 inches and within the next two years became a high school All American.
Registering Self Employment And The Self Assessment Tax Return Form (2)
Self employment must be registered within three months of starting business to avoid a late registration penalty fine of 100 pounds. Not all income outside the paye system is considered to be self employment.
Britons 'Looking To Purchase Smaller Cars' (3)
Overall, the Ford Fiesta was not only the most purchased super mini car during the first half of the year, but was also the most popular of all second-hand vehicles bought throughout Britain.
Inadequate Pet Insurance 'Could Cause Financial Difficulties' (4)
In turn this could impact upon their capacity to make payments on home loans, utility bills, store cards and other sources of demand on their expenditure. She said: "With such a large number of policies not providing adequate long-term treatment for conditions lasting longer than 12 months, pet owners need to make sure that the insurance they choose will provide the cover they need in the event of their dog or cat suffering from a recurring condition.
Renovations 'Can Help Boost Value Of The Home' (5)
He added that people should remember that a loft will need to be boarded and insulated, with the fitting in of a window also required. Meanwhile, the associated costs for getting a conservatory put in include having foundations laid and the expense of getting stud and glass walls constructed.
Do You Know What A Bond Is? (6)
What is the difference between a bond and a stock? With a stock there are no promises about your returns. When you get a bond from a company it guarantees to pay back your principle plus interest.
What Are Bonds Credit Ratings? (7)
Northwestern Mutual Financial Network. When reviewing these credit ratings from the credit agencies you have to be careful and keep a few things in mind. Out of the three biggest rating agencies Standard & Poors, Moodys, and Fitch have a lot of market push.
You Can Be In Charge Of Debt Collectors (8)
There are certain techniques that can be used strategically in order to accomplish your goals and objectives. When speaking any verbal language, you should always remember to be extremely careful with what specific words you use and the manner in which they are combined.
Can You Get A Home Loan With Credit Cards In Collections (9)
FICO Scores The unfortunate thing is that your FICO scores will have probably suffered because of the fact alone that you have credit cards in collections. Many people get confused about the difference between a FICO score and a credit score, when in fact they are the same thing.
Tampa Foreclosures: An Update (10)
However, more recently, when it comes to foreclosure trends, including Tampa foreclosures, a growing number of experts predict that perhaps the worst is behind us. These professionals are beginning to project that when it comes to foreclosures in many parts of the country, including in the Tampa Bay, fewer foreclosures are expected to be filed beginning at the present time and into the future.
With Credit Cards In Collections Can You Get A Home Loan? (11)
However, if you have failed to make payments on your credit card balance, your FICO score is going to suffer. Because of this, even if you have an average credit score, the chances of you getting a home loan are slim because of your irresponsibility concerning your credit card debt.
There Does Need To Be Written Permissiion To Look At Your Credit Report (12)
They do not necessarily always need it, but they will ask. This is often done out of courtesy to the person whose credit history they are viewing. There are others who can access your credit history without your consent, like landlords, insurance companies, companies with which you are applying for government benefits, child support agencies, and other government agencies.
How Does Accepting A Credit Card Affect Your Bottom Line? (13)
Another plus for accepting credit cards is the better credibility. To be able to get a merchants account is not the easiest thing to do. So if you are able to obtain a merchant account then the customers may see you as more reliable.
Can Too Much Information Be Given To Collections ? (14)
They may eventually take you to court, make a strong case out of it, and sue you for the money that you owe, and maybe even more. Therefore, ignoring the frequent calls is not going to get you anywhere but further into trouble and into debt.
What Is A 1099-C? (15)
However, there are several other credit agencies with which you can do business to help you get your credit back up to a descent number, and in time, eliminate the black marks from your credit report.
Is A Interest Only Mortgage Worth It? (16)
VA mortgages are very similar to FHA mortgages, in that they are regulated by the federal government, do not require a very large down payment, and use the markets minimum for interest rates.
Apartment Living 101: Your Security Deposit (17)
Some unscrupulous landlords will attempt to keep a security deposit when a person moves out of the apartment, and some get away with it because their former tenants simply do not know their rights.
Is Online Consumer Credit Counseling Any Good? (18)
Knowing what to look for in a fraudulent counseling service is crucial. Make sure that you investigate the details of the company before you give out any personal information.
Car Donation - Secrets To Getting The Most Money Out Of Your Charity Car Donation (19)
Regardless of the laws, it's a good idea to protect yourself by having the proper insurance coverage on your vehicle until it's donated. And your vehicle must have all four of its tires inflated to be accepted.
Things That You Must Consider Before You Buy A Rental Property (20)
If there are cars sitting in the front yard, you might want to think twice about dropping your hard earned money into that particular piece of land. Check Out the HOA If your potential investment is located within a Home Owners Association, inquire about the organization's rules and regulations.
Permalink to Critical Illness Cover - Not The Breast For Cancer Sufferers