Would a police be expected to pay?
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 payment as expected. We expect that no exclusion will affect a claim.
Income Protection (IP):
Full payout as provided upon inability to earn as defined by policy.
Mortgage Payment Protection Insurance (MPPI):
Full payment as scheduled (as long as client cannot work under policy 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 is such that the client can never work on a "full" basis again. and permanent".
Private Medical Insurance (PMI):
Phil Taylor, managing director of independent specialist PMI Preferred Medical, tells us that as soon as the condition, or a related condition, becomes acute, the patient is likely to be admitted by A&E to an NHS facility where intensive care facilities would be available. There is virtually no intensive care provision in the private sector.
Senior technical adviser Kevin Carr said: "Life insurance and income protection policyholders should not worry about their protection insurance policies in the event of a potential outbreak of avian flu and it should be noted that very few critical illness insurance policies are sold without life cover This example is further endorsement of the UK public's need for income protection as we are all more likely to lose our income due to a disability than to die".
