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Denial of Critical Illness Claims Appear to be On the Rise

Denial of Critical Illness Claims Appear to be On the Rise

Over the past several years a large number of Critical Illness Insurance policies have been sold to Canadians either through private policies sold directly to them, or through group policies provided through employers or associations. These policies are designed to pay a one-time lump sum benefit to an individual suffering from an illness set out within the policy. The great misconception that members of the public have regarding these policies is that the benefit is paid out on the simple confirmation of the diagnosis of one of the listed illnesses. Claims Denied In Two...