Summary
CRITICAL illness cover, which is designed to pay out when a policyholder is diagnosed with a serious illness or disease, is changing as it becomes more expensive.
One in three people in the UK now develops cancer at some point, and sales of polices have increased. But this and a fall in premiums over recent years meant that policies had become underpriced.See the full content of this document
Extract
The Higher Price of Ill-Health
Over the past two years, however, the average cost of a 25-year critical illness...
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