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Critical Illness Cover - Not The Breast For Cancer Sufferers
By Shaun
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 is taken out under the legal terminology 'utmost good faith'. This is said to mean that the 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
Sy Sternberg, CLU, Receives the Round Table of New York's Lifetime Achievement Award
The Round Table of New York announced today that Sy Sternberg, CLU®, Chairman of the Board of the New York Life Insurance Company, received the organization's 2008 Lifetime Achievement Award. Sternberg was honored at a black tie event at the Union League Club of New York on December 1, 2008. Each year the Round Table of New York presents its Lifetime Achievement Award to an individual that has made significant contributions to the insurance and financial services industry. The award recognizes individuals for their accomplishments in the areas of professional ethics, education and industry leadership. (PRWeb Dec 3, 2008)
Read the full story at http://www.prweb.com/releases/2008/12/prweb1692264.htm ]]>
New Managing Director for Bupa Australia
Bupa Asia Pacific Managing Director Dean Holden today announced that Mr Richard Bowden had officially taken over as Managing Director of the company. (PRWeb Dec 3, 2008)
Read the full story at http://www.prweb.com/releases/insurance/health/prweb1693084.htm ]]>
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 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 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 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.
Article Source: http://www.article-outlet.com/ |
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Cypress Care Announces the Latest Release of Its Proprietary Online Claims Portal, Sequoia (TM)
Cypress Care announced today the latest release of its proprietary online claims management portal, Sequoia™. (PRWeb Dec 3, 2008)
Read the full story at http://www.prweb.com/releases/Sequoia/Cypress_Care/prweb1696284.htm ]]>
Sy Sternberg, CLU, Receives the Round Table of New York's Lifetime Achievement Award
The Round Table of New York announced today that Sy Sternberg, CLU®, Chairman of the Board of the New York Life Insurance Company, received the organization's 2008 Lifetime Achievement Award. Sternberg was honored at a black tie event at the Union League Club of New York on December 1, 2008. Each year the Round Table of New York presents its Lifetime Achievement Award to an individual that has made significant contributions to the insurance and financial services industry. The award recognizes individuals for their accomplishments in the areas of professional ethics, education and industry leadership. (PRWeb Dec 3, 2008)
Read the full story at http://www.prweb.com/releases/2008/12/prweb1692264.htm ]]>
Confused.com Welcomes New Travel Partner
Price comparison website's panel expands to 35 brands. (PRWeb Dec 3, 2008)
Read the full story at http://www.prweb.com/releases/2008/12/prweb1688534.htm ]]>
New Managing Director for Bupa Australia
Bupa Asia Pacific Managing Director Dean Holden today announced that Mr Richard Bowden had officially taken over as Managing Director of the company. (PRWeb Dec 3, 2008)
Read the full story at http://www.prweb.com/releases/insurance/health/prweb1693084.htm ]]>
HBA People Walk the Talk for Better Health in the HBA Great Australian Run
Around 80 HBA, MBF and Mutual Community employees and their family and friends put their feet where their mouths were on Sunday to promote the benefits of exercise and to raise funds for charity in the inaugural HBA Great Australian Run. (PRWeb Dec 3, 2008)
Read the full story at http://www.prweb.com/releases/health-insurance/health-cover/prweb1693594.htm ]]>
Better Approach from Banks Will Help Borrowers, Says Burgess
A more constructive approach to repossession from high street banks will make a significant difference as the country begins to look ahead to a very tough 2009. A longstanding commentator on payment protection insurance (PPI), Sara-Ann Burgess, director at specialist firm Burgesses, said she was delighted to see Royal Bank of Scotland (RBS) extend the length of time before it would seek to initiate repossession proceedings against borrowers in arrears. (PRWeb Dec 3, 2008)
Read the full story at http://www.prweb.com/releases/payment/protection/prweb1694754.htm ]]>
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