SVG Foundation

Main Menu

  • Home
  • Charity foundations
  • Charitable gifts
  • Philanthropists
  • Non-profit organizations
  • Charitable Trust Fund

SVG Foundation

Header Banner

SVG Foundation

  • Home
  • Charity foundations
  • Charitable gifts
  • Philanthropists
  • Non-profit organizations
  • Charitable Trust Fund
Charitable Trust Fund
Home›Charitable Trust Fund›AIG simplifies critical illness criteria

AIG simplifies critical illness criteria

By Gary Edwards
April 7, 2021
0
0

“Every condition that we include must benefit the customer and because our new bundled terms are based on impact, not cause, our coverage has expanded.”

AIG Life has changed its approach to critical illness insurance, no longer listing all of the conditions it pays for.

He grouped more than 20 conditions under four main headings: degenerative neurological disorder, reduced heart function, surgery of the heart, aorta or pulmonary artery, and surgery via the skull.

These groups focus on the impact on the daily lives of clients, not on the name of the disease. If the impact is the same, the customer will be covered, regardless of the name of the disease.

AIG says the changes will end the “race for conditions” where providers focus on the number of conditions covered by policies, which it says demonstrates “full product coverage but also unwanted complexity. increased ”.

Sue Helmont, Director of Marketing at AIG Life, said: “These changes reduce the number of conditions and represent a radical change in simplifying the CI market, while improving the chances of a successful claim.

“The philosophy of AIG Life is simple. Our goal is to deliver fairer customer outcomes. First of all, every condition we include must benefit the client and because our new bundled conditions are based on impact, not cause, our coverage has expanded. It also means that counselors can rest assured that coverage keeps pace with new medical developments and will not decrease over time. “

Karen Walker, Managing Director of the MSA Trust, added: “. Moving away from an arbitrary list of conditions is a much fairer system for people, and more insurers should think like AIG.

“This innovative approach will give many more people the confidence that if they suffer from a rare progressive neurological disease, such as multisystem atrophy, they will be able to claim critical illness insurance in the future. “

Related posts:

  1. Deborah Heart and Lung Center plans $ 100 million expansion
  2. Home Loan Rates Drop To Lowest Since 1971 | Immovable
  3. Immigration reforms proposed by President Joe Biden expected to benefit more than 200,000 residents and families of Massachusetts
  4. The Endless Stimulus Program – A New Injection of Free Money

Categories

  • Charitable gifts
  • Charitable Trust Fund
  • Charity foundations
  • Non-profit organizations
  • Philanthropists

Recent Posts

  • Remember to do your homework before claiming a charitable donation tax deduction | Parkes Champion Post
  • “It’s not unsolvable; There are solutions. How Raikes Supports Fair School Funding and More
  • Country Representative in Yemen / Only Yemeni nationals are eligible
  • Cabinet commends the efforts of government agencies in implementing reforms and improving business performance
  • The Seguin Area Community Foundation shares donations with local nonprofits

Archives

  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • January 2020
  • Privacy Policy
  • Terms and Conditions