It has been suggested by industry insiders that the demand for critical illness insurance will be a major growth opportunity in 2011. This type of insurance typically pays a lump sum benefit following diagnosis. It is marketed as a supplement to typical disability insurance, to help cover medical bills and other needs.
As attorneys for claimants, our concern is that the claim consideration will be similar to many seen in typical disability coverage. Delays and denials of legitimate claims. Delays in receiving these benefits could prove devastating to claimants, who will typically be struggling to deal with a recently diagnosed medical condition, and will have to fight for this coverage.
We will continue to report on these issues, and will provide both claim guidance and success stories to assist claimants that are involved in the claim process.
