Critical Illness

Whole of life sales have plummeted following a change in non-investment linked marketing emphasis among providers, Swiss Re's Term and Health Watch 2013 has shown.

Advisers have called for more detail and clarity around claims statistics, following the publication of income protection (IP) figures from Friends Life earlier today.

Friends Life increased critical illness payouts by £33million in 2012, paying nearly 90% of claims

Legal & General retail protection paid 91% of income protection claims last year, its statistics have shown.

Aviva paid 93.5% of income protection claims in 2012, the insurer's claims statistics have shown.

The family of a man who died of cancer but whose life insurance payout was refused on the grounds that he failed to disclose pins and needles have won their fight against Friends Life, after the Financial Ombudsman Service (FOS) ruled that the insurer...

Bowel cancer was the second most claimed for form of cancer last year, Scottish Provident has reported.

Providers need to be mindful of getting stuck in a middle ground when trying to cater for a wide mass market on price-competitive critical illness, Skandia has warned.

Ageas Protect has added life of another cover to its term assurance products.

Skandia has re-entered the critical illness market with a 56-condition product aimed at high net worth clients.