Impartial reviews on the latest products and how they can impact consumers.

Royal London Underwrite Later

July 2022 Royal London: Other


We reviewed Underwrite Later back in February 2021, when it just applied to business protection applications. Now, the mutual insurer has extended the Underwrite Later option to include life cover on personal menu plans too, provided they have a sum insured of over £1m and not exceeding £3.5m, and on Whole of Life (WOL) plans over £0.5m and up to £3.5m. The added option also applies to joint life policies, provided both lives are eligible. Introduced in 2021, Underwrite Later allows customers to get cover while medical evidence is being obtained. During the underwriting period, Royal London will lock in…
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National Friendly Extensive Private Medical Insurance (Protection Review: Gold, Adviser Score, 5)

July 2022 National Friendly: PMI


National Friendly has launched a private medical insurance (PMI) plan aimed at UK residents aged 18-85 inclusive. Cover is available to singles, couples and families. Terms are offered for five years at a time, but with annual premium reviews. The Extensive plan offers a choice of guided treatment (open referral) or choosing your own provider (with standard or extended treatment options). The main benefits of the plan include cover for: Private hospital inpatient and daypatient costs. Medical appliances or prostheses. Follow-ups and monitoring. Dental procedures. Specified hospital treatments only. Optical procedures. Specified hospital treatments only. Aural procedures. Repair of a…
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Royal London Life or Critical Illness Cover

July 2022 Royal London: CI


Royal London has made a number of changes to the critical illness (CI) element of its Life or Critical Illness Cover plan. These include new and updated definitions, including changes to children enhanced critical illness cover. Two new conditions have been added - Crohn's Disease and Syringomelia/Syringobulbia – both of which have a 100% payout. In addition, five conditions have been enhanced and these also pay out the full sum insured. The five are: bacterial meningitis; chronic lung disease; coma; deafness, and third degree burns. Additional payment conditions pay out the lower of £30,000 or 50% of sum insured, and…
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Holloway My Sick Pay (Protection Review: Gold, Adviser score: 9.3)

March 2022 Holloway Friendly: IP


Holloway Friendly has launched My Sick Pay to replace its existing Purely, Short Term Income Protection and one2protect income protection plans. The mutual says it developed My Sick Pay to simplify its proposition from multiple products into one, making it easier for advisers to understand and advise on. It added that advisers wanted consistent options across all job types to help them set up the right cover at the right price. That meant closing some significant gaps in the plans. My Sick Pay offers a choice of level or age-based prices, short or long term pay-outs, and guaranteed or reviewable…
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LV= Life and CI (Protection Review: Gold, Adviser score: 7.5)

March 2022 LV=: CI


LV= has launched a new version of its Life and Critical Illness cover plan, offering greater affordability and simplification compared to its existing coverage. Simply called Life and Critical Illness Cover, the plan sits alongside its existing life and CI product, and has been designed to offer a more affordable option. The new product covers a total of 41 conditions, with full payouts offered for 39 of those plus two further payment conditions for early-stage breast cancer and prostate cancer. These offer cover up to £30,000 or 25% of the amount of cover if lower. The plan also includes ‘Enhanced…
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