Critical Illness  

Guide to Critical Illness

  • Describe the way critical illness policies have evolved
  • Explain how critical illness policies work for children and pre mid-life adults
  • Describe where advisers can get help from
CPD
Approx.60min
Guide to Critical Illness
How to provide the best solution for your clients
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Critical illness is a well-established form of protection insurance that serves to provide a lump sum in the case of a debilitating illness.

It was devised by Dr Marius Barnard, a South African doctor who helped to pioneer heart surgery, and realised that people who had undergone his surgery needed a source of finance to live a more curtailed life.

But financial advisers are lacking in their knowledge of protection insurance, how to advise on it and what is available.

There are also all sorts of people who may well benefit from Critical Illness cover, but will not be aware of it.

The insurance industry has developed the way policies are designed quite substantially in recent years, making  them easier to advise on.

But there is still a lot of education that needs to be done.

This guide is worth an indicative 60 minutes CPD.

CPD
Approx.60min

Please answer the six multiple choice questions below in order to bank your CPD. Multiple attempts are available until all questions are correctly answered.

  1. According to the first feature, some providers have changed their low grade prostate cancer definition to allow those that do not require treatment to be included within the scope. True or false?

  2. According to the first feature, what have providers done to make the claims process easier?

  3. Birth defects are still not covered by the insurance industry, true or false, according to the insurance industry?

  4. How are insurers dealing with claimants who are diagnosed early with a debilitating illness?

  5. According to the fourth feature, what has caused advisers to shy away from advising on protection policies?

  6. What of the following is NOT a reliable source of assistance that advisers can get help from?

Nearly There…

You have successfully answered all the questions correctly, well done!

You should now know…

  • Describe the way critical illness policies have evolved
  • Explain how critical illness policies work for children and pre mid-life adults
  • Describe where advisers can get help from

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