Posts in the Life Insurance category
AXA have increased their life insurance underwriting limits, in order to compete more strongly in the market.
They have upped their limits to £1million for life insurance and £500,000 for critical illness cover, up from £600,000 and £350,000 respectively. Anyone applying has to provide their annual income and prove it, and announce any loan agreements that they may have.
It seems that three quarters of Brits are fearing for their health as well as their financial welfare. The study, by Bupa, surveyed 10 of the UK's biggest cities, and found that of those concerned about their health, 9 out of 10 expected the current economy slowdown to increase levels of worry and stress, and 4 in every 5 feared for a stress-related illness, such as depression.
Following the news that unemployment has hit a 10-year high, the health insurance provider also found that job worries are the heart of worry. They found that more than half of Brits worried about their money situation and more than a third feared for their job safety.
Almost 8 out of 10 people are expecting sleepless nights and 60% anticipate that their exercise routine will suffer.
People who have to have long spells of sick leave due to psychiatric reasons are twice as likely to die from cancer as healthier employees. According to findings reported in the British Medical Journal, out of 6,500 civil servants, those who had taken long periods of sick leave had a 66% higher risk of early death.
The cancer risk may be accounted for by depressed people not seeing a doctor soon enough.