Medical development

A complication for critical illness insurance providers face is medical progress.

• As research finds more and more cures and preventions for serious illnesses, it may be that you are diagnosed with a critical illness that has become a non critical but you are still entitled to a pay out under the terms of your contract.
• More testing to reveal treatable early-stage cancers could lead to people being diagnosed years before any symptoms actually develop.
• More sophisticated testing may show that more people have had previously undetectable heart attacks.
• Improvements in genetic testing might allow some people to know that they are at higher risk of suffering a particular critical condition.

This is an interesting area that is worth keeping an eye on, especially if you are considering swapping an old plan for a new one.

To research your critical illness position further you can use our exclusive interactive research tool, the critical illness finance navigator.

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