Critical Illness Policies/Terminal Illness Policies

Below is a selection of our most recent updates on this subject.

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Revised Definitions Proposed

Total Permanent Disability (TPD) benefit definitions to be standardised
Tuesday, December 08, 2009

Share Purchase On Critical Illness

The importance of taking account of CGT in ascertaining the required sum assured for a critical illness policy to be used for share purchase
Wednesday, October 03, 2007

Trusts And Critical Illness Policies

Trusts can often enhance the effectiveness of CIC
Friday, August 10, 2007

Cic For Key Person Cover

Taxation, trusts, CIC and key person cover
Tuesday, August 07, 2007

New ABI Critical Illness Insurance Initiative Will Improve Consumer Understanding

The ABI has announced all product providers must adopt a new definition for when and in what circumstances life and critical illness cover pays out by April 2007. It also added three new standard illness definitions for Alzheimer's, HIV and traumatic head injury to its existing list of 20 defined illnesses.
Thursday, April 20, 2006

ABI Consults On Improving Clarity, Availability And Affordability In A Consultation Paper Issued Today

The definitions of common critical illnesses, such as stroke and cancer, may be tightened in an attempt to protect the insurance industry from a surge of claims following improved standards of healthcare in the UK which is likely to give rise to further increases in premium rates.
Friday, August 19, 2005

Split Trusts And Business Assurance

Split trusts rarely have a place in Business Protection / Business Succession plans.
Tuesday, June 21, 2005

ABI Issues Revised Statement Of Best Practice For Critical Illness Cover

Revisions to the ABI's Statement of Best Practice for Critical Illness cover includes a new cancer definition to ensure that critical illness cover remains affordable in the light of the Government’s Prostate Cancer Management Programme, and a new heart attack definition to reflect the increasing use of troponin tests in the diagnosis and treatment of heart attacks.
Friday, June 07, 2002

ABI Consults On Broader Definition Of Heart Attack For Critical Illness Insurance

The Association of British Insurers is recommending a broader definition of a heart attack for critical illness insurance in order to take account of the growing use of Troponin tests by the medical profession. The proposed definition means that for critical illness insurance purposes the diagnosis of a heart attack will need to be supported by other evidence such as a positive ECG test or a heart scan.
Wednesday, December 12, 2001

Definition Change As A Result Of Improvements In Prostate Cancer Research And Testing

A Government-backed project, designed to detect prostate cancer at its earliest and most manageable stages, has resulted in the ABI proposing a change to the model cancer definition for critical illness policies, to ensure that critical illness cover remains affordable. Statistics relating to the incidence of prostate cancer, and critical illness policies generally, are provided.
Friday, September 07, 2001

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