Would we expect a policy to pay out?
Life Insurance YES
Income Protection YES
Mortgage Payment Protection Insurance YES
Critical Illness Cover NO
Private Medical Insurance NO
Source: www.lifesearch.co.uk
Life Insurance:
Full pay out as expected. There are no exclusions that we would expect to impact upon a claim.
Income Protection (IP):
Full pay out as expected when unable to earn as defined by the policy.
Mortgage Payment Protection Insurance (MPPI):
Full pay out as expected (as long as the client cannot work according to the policys definition of disability).
Critical Illness Cover (CIC):
As bird flu is not a listed condition we would not expect this type of policy to pay out unless the impact of the disease was such that the client could never work again on a total and permanent basis.
Private Medical Insurance (PMI):
We are told by Phil Taylor, Managing Director of independent PMI specialist Preferred Medical that as soon as the condition, or a related condition, becomes acute it is likely that the patient would be admitted through A&E to an NHS facility...
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