As providers increasingly look to partial payments on critical illness policies, Phil Jeynes warns advisers to be careful in their comparisons.
In the first in a series of articles exploring the finer points of critical illness protection, CIExpert's Alan Lakey discusses value judgements.
Child CI cover is a common benefit on critical illness products in the UK. In Ireland, regulations allow insurers to take cover relating to children a step further, as Greg Becker expains
Friends Life has made premium rate reductions of up to 6% for sums assured of £30,000 and above on its Protect+ critical illness policy.
An independent survey, commissioned by PruProtect has found 61% prefer severity based critical illness (CI)cover, when comparing to traditional policies.
LV= today has relaunched its critical illness (CI) cover, with an increase in the number of conditions and partial payments covered, as it positions itself at the quality end of the market.
Friends Life paid 90% of claims under its critical illness plans last year., 1,565 claims admitted and processed out of 1,733.
Legal & General paid a total of £441 million combined death and critical illness claims in 2011, up from £373 million in 2010 and a new record for the firm.
A critical illness insurance comparison website which allows advisers to compare policies from every CI cover provider has been launched by Highclere Financial Services partner Alan Lakey.
Aviva paid more than £439m to its life and critical illness (CI) customers in 2011, a total of 99%, making payments for 10,495 life claims and 1,568 CI claims.