critical illness cover

lisyloo

Maybe the 5% who told porkies on their application might.

What about those that didn't deliberately lie, but didn't include details that they didn't know about (such as medical history of a relative).

I appreciate the media sensationalises this, but I do beliebve the insuance industry is not totally honourable.

There was a widely show case about a guy who didn't declare his fathers illness but he had never known anything about it.
Surely the professionals have a duty to obtain the information they need from the health service? as they are professionals.
Or are people meant to go around and query every relative.

I know I was estranged from family at one point.
and one of the things I missed out on during that period was details of medical hisotyr.

Admiral_Burrows

Hi stephenni1971,

I regually shop around to make sure my premiums are still the cheapest I can find. On the fee's thing its more of a personal thing, I'd rather not pay direct for something if I can avoid it. I understand that its not totally free because they are paid commission but if i'm not paying them up front it suits me better.

Would you not agree that using a company that looks at lots of different companies is better instead of just looking at a narrow range?



Thanks

dunstonh

What about those that didn't deliberately lie, but didn't include details that they didn't know about (such as medical history of a relative).

You only have to supply information that you should know. Not knowing a parent's history is inadvertent non-disclosure and you would expect it to be treated in the way the FOS outline in their guidelines.

I appreciate the media sensationalises this, but I do beliebve the insuance industry is not totally honourable.

No industry can be 100% perfect. However, the insurance industry does suffer with a high proportion of fraudulent claims. I recall one insurer nicknaming one of their plans "the liar plan" due to high proportion of fraudulent applications and claims being made. So, you have a position where there is a distrust on both sides at times. The same person also said that direct insurance policies (those done without advice) tend to have more cases of non-disclosure than IFA cases. Although they said that the cases from the tied sales forces tended to be the worst.

There was a widely show case about a guy who didn't declare his fathers illness but he had never known anything about it.

The FOS would rule in a case like that.

Surely the professionals have a duty to obtain the information they need from the health service? as they are professionals.

You are only as good as the information you are told. If you dont know something, then you should state so. e.g. state on the application that you are not in contact with parents and don't know their history. You shouldnt say that there are no medical problems with parents as you dont know if that is the case or not.

The questions are asked with an expectation of a factual answer. If you cannot give a factual answer then you should say so. Let the insurer decide if something is important or not.

lisyloo

You shouldnt say that there are no medical problems with parents as you dont know if that is the case or not.

Good point.
I appreciate the point about fraud the media sensationalise things.

I also think there is a big problem with DIY which we see on here on car insurance all the time where people don't appreicate the issues and buy on price.

stephenni1971

Admiral_Burrows wrote: »

Hi stephenni1971,

Would you not agree that using a company that looks at lots of different companies is better instead of just looking at a narrow range?


[/B]Thanks

I never mentioned using anyone that wasn't able to access the whole of market.

moggitymog

So, could someone clarify for me, my mum has breast cancer, i have had my critical illness cover for 2 years do I need to inform them of my mums illness?

dunstonh

moggitymog wrote: »

So, could someone clarify for me, my mum has breast cancer, i have had my critical illness cover for 2 years do I need to inform them of my mums illness?

What did it say on the application form?

Normally its something along the lines of "have they suffered

before the age of xx". Here is a copy and paste from one provider: Has any of your parents, brothers or sisters been diagnosed BEFORE THEIR 65TH BIRTHDAY as having: angina, heart attack, cancer, diabetes, haemochromatosis, stroke, hypertrophic cardiomyopathy, Huntington's disease, motor neurone disease, multiple sclerosis, muscular dystrophy, Parkinson's disease, polycystic kidney disease, polyposis coli or any other hereditary

moggitymog

Thanks for your reply, but the diagnosis is 2 years after the start of the policy

stephenni1971

Thanks for your reply, but the diagnosis is 2 years after the start of the policy

On that basis you have no issue...

The policy is based on the circumstances at the point of underwriting, whatever happens after the policy is in force is not taken into account.

Suzanne7173

Hi Thanks for your help with this. We have critical illness cover with legal and general but my understanding is that Prudential cover UC under their critical illness and they have a seperate policy which covers upto 154 illnesses called PRU Serious Illness cover, if I have got that right?