The importance when filling out your critical illness application properly

As you will probably now be aware of, critical illness insurance policies are designed to offer you a tax free cash lump sum of money, particularly if you are diagnosed with any one of a myriad of illnesses classed as serious or critical. This cash lump sum can only be paid out on successful claims that are approved by your insurer, having met their outlined criteria for claimants. Becoming sick or injured, leaving you in a financially vulnerable position is a scenario that no one, including insurance companies, wish for. Even more so, if a claimant suffers a critical illness then the truth is that many insurers really do like to see a successful claim put through, to offer financial assistance to seriously ill individuals.

Not as harsh as once made out to be, critical illness insurance companies such as ourselves here at Critical Illness Insurance take the time to properly advise on not only the best policies to consider but also on collating the relevant information to give the best chances of a successful claim. Failing to submit the correct details when arranging a policy can have a shocking effect on the validity of your claim and no one wants to experience a rejected claim. Imagine having an accident or being diagnosed with a critical illness, unable to continue working and being left with no chance of an insurance payout because you missed off one or two vital pieces of information on your application form?

Also imagine the payments that you had been making for whatever length of time, all that wasted because of an oversight on your part or the fact that details you gave were inaccurate in order to save a little on your premiums? It really doesn’t bare thinking about now, does it! For many, the stark realisation is all too familiar though. Unfortunately, omitting a few tiny details has been the reason for many past rejections on policies that could have seriously helped the financial positions of a huge number of claimants over the years, leaving them with hardly any income. Whatever the reasons, here at Critical Illness Insurance we are here to offer the professional assistance to avoid missing out any details on your insurance application.

We offer advice on the steps to take in order to properly ensure a best case scenario for you and work to give you a complete breakdown of what you need to do. Thoroughly completing you Critical Illness policy application form properly will ensure you do everything necessary to place sufficient reason for a claim to be approved later on. Filling out your application form is the most important step you need to complete first. Many application forms are now pre printed forms, complete with checkboxes and can either be yes or no answers or multiple choice questions. Taking the time to go through these thoroughly will aid you well. In most cases there will be spaces where you can add additional information as to which you feel would give a fairer representation of you and the risk or chances of you being diagnosed with a critical illness further on in your life.

Any additional information you decide to give your insurance company will add to creating a more detailed picture and could even be beneficial in lowering your monthly premiums. Ensuring that you go to your doctors and request all your previous medical records from all past GP’s is also important as is asking your insurance provider if there is anything else you will need to provide to place the insurance policy in your favour.