Critical Illness May Occur Due To Certain Risk Factors

Category: Finance, Insurance.

With critical illness cover there had been evolution concerning the medical endorsement. Because when assessing the different risks, the single cause of death and disability may stem from critical illness.

Experience with life and disability insurance may only be of minimum use. Health insurers cover specific diseases but if compared to critical illness insurers, their experience may differ. These risk factors may be related to the circulatory system, cardio and cerebrovascular systems. Critical illness may occur due to certain risk factors. In this context, smoking may be considered as a risk factor as it may damage these systems and may as a matter of fact cause different types of cancer. Also, the applicant s actual medical and hierarchical medical history can be questioned.

Therefore, before underwriting is made, insurers may look at these risk factors closely. If any hereditary critical illness, for example heart attack had existed in the family, the procedure of having the critical illness cover may become lengthy. Only selected types of risks may be considered for critical illness endorsement. Furthermore, the total mortality of a risk may be assumed by consulting the Life Underwriting Manual. Risks that carry a high rate of mortality and also a high declination concerning life cover may as well not be accepted for critical illness. Here are some risks factors. On the other hand, risks to be considered may be analysed according to its relative critical illness risk.

Major risk factors. - Diabetes mellitus. - Hypertension. - Hypercholesterolemia. - Smoking. - Metabolic syndrome. - Unfavourable features in family history. Every risk factor may be given further debit percentage depending on its severity. Minor risk factors. - Overweight. - Hypertriglyceridemia with low HDL. - Elevation of lipoprotein( a) - Hyperuricemia. - Hyperfibrinogenemia. - Alcohol abuse. - Lack of exercise. - Health- impairing occupation. The applicant may be refused critical illness cover if analysis shows that the maximum level of debit had been surpassed. People who suffer from these impairments may not be entitled to receive critical illness cover. Moreover, there may be other factors that may lead to critical illness.

These can be described as follows: - Coronary artery disease. - Diabetes mellitus type I. - Arteriosclerosis. - Peripheral vascular disease. They are as follows: - Chronic severe diseases of the hematological system. - Chronic severe diseases of the liver and the gastrointestinal tract. - Chronic severe diseases of the respiratory tract. - Chronic severe diseases of the kidneys and the urinary tract. - Chronic severe neurological and psychiatric diseases. - HIV infection. However there are some diseases that may lead to several critical illness conditions like heart attack, stroke or kidney, coronary artery failure. Some of these diseases may lead towards tumour or may even demand the necessity of an organ transplant afterwards. These may be important especially to determine whether you could have a critical illness cover or not. Indeed, including the various aspects of critical illness cover lies the risk factors. Cases of antiselection might have also been avoided to some extent now.

All this may show the image of an insurance product in the form of critical illness insurance, gradually but surely matured with time.

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