These pay out a pre-specified percentage of the total amount of cover and are seen as a way of covering less critical conditions that don’t tend to cause as much financial hardship and don’t result in providers having to increase their premiums by too much.
This guide will explain the variety of critical illness policies currently available, the importance of getting to grips with the scope of the cover and how to make sure the plan you recommend is suitable for your client.
Supporting material from Ben Heffer, insight analyst for life and protection at Defaqto; Alan Lakey, director of CIExpert; Georgina Shield, senior product manager of insurance at Legal & General; Steve Payne, managing director of protection at Friends Life; and, Chris McNab, critical illness product manager at LV.
This guide is sponsored by Friends Life. All editorial is independent.