| Back in 1999, the Imperial Cancer
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| | information has been omitted, they can
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| Research Fund stated that one in every
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| | use this as grounds for refusing the
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| three people in Britain will be diagnosed
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| | claim.
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| with cancer at some point in their life.
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| | It appears that the non-disclosure may
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| With rapid medical advances the chances
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| | not be related to the critical illness.
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| of survival from a major illness are
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| | Claims have been turned down for various
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| improving but the consequences of
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| | reasons, including the case of a woman
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| suffering such an illness continue to be
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| | with breast cancer whose case was
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| substantial and life-changing.
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| | rejected because she hadn't listed
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| Critical illness insurance policies are
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| | treatment for depression on the original
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| designed to help you cope with the
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| | proposal form.
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| changes which will be necessary should
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| | The rejection rates are shown as follows:
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| you be diagnosed with a "qualifying
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| | Company % of rejected claims
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| medical condition". Most policies will
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| | Scottish Equitable Project 28%
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| pay out following a diagnosis of heart
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| | Norwich Union 26%
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| disease, cancer, stroke, renal failure,
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| | Friends Provident 25%
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| paralysis, major organ transplant and
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| | Legal and General 22%
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| coronary artery bypass surgery as well as
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| | Bupa 21.5%
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| a range of other conditions. There is
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| | Skandia 21%
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| normally a one-off tax free payment which
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| | Prudential 20%
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| is intended to assist you with costs,
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| | Standard Life 20%
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| typically the need to adapt your home or
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| | Scottish Widows 18%
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| car or maybe re-train for a different
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| | Scottish Provident 11%
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| occupation. It's not only the
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| | Scottish Equitable Guardian 10%
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| bread-winner that can benefit from this
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| | Average 23.5%
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| type of cover and you should take account
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| | Despite the insurers claim that these
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| of child care and housekeeping costs
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| | rejections are perfectly legal, the Law
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| which would be involved should Mum be out
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| | Commission appears to think differently.
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| of action.
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| | There has been a consultation document
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| Unfortunately, at a time when most people
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| | published recently and the Commission
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| are suffering from the shock of learning
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| | makes the statement "It is possible for
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| that they have been diagnosed with a
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| | an applicant to act reasonably and
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| critical illness, they and their families
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| | honestly and yet still fail to meet the
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| may learn some additional disturbing
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| | duty of disclosure." The conclusions of
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| news. The insurance industries latest
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| | these consultations will be reported on
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| figures show that, on average, around a
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| | as soon as they are available.
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| quarter of all claims are rejected!
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| | It is therefore extremely important that
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| As soon as a claim is made, the insurance
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| | when applying for this very valuable form
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| company will request a huge amount of
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| | of insurance, you disclose all previous
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| information from your doctor. It's quite
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| | illnesses. It's probable that if you have
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| likely that much of this information is
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| | to claim, then your medical records will
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| not relevant to the illness for which the
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| | be thoroughly examined and if the
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| claim relates. The insurer is using this
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| | insurers consider you omitted medical
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| information to ascertain whether or not
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| | information, they may "throw out" the
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| the insured has been completely truthful
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| | request.
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| on the original insurance application
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| | Compare companies for the best rates.
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| form.
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| | Read the small print. Spend some
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| The reason for this is what the insurers
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| | considerable time in listing medical
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| call non-disclosure and if any medical
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| | conditions. Relax - it may never happen.
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