Impartial reviews on the latest products and how they can impact consumers.
April 2018 Aviva: CI
Aviva RLP with Employee Significant Illness Cover Aviva has updated its Relevant Life Policy (RLP) product, dropping the existing critical illness cover option and replacing it with an Employee Significant Illness Cover option instead. The move follows discussions with HMRC, among others. The new cover pays a cash lump sum on death and on the following employee significant illnesses and conditions: Advanced cancer. Aplastic anaemia. Bacterial meningitis. Benign brain tumour. Benign spinal cord tumour. Brain injury due to anoxia/hypoxia. CJD. Devic’s disease. Encephalitis. Intensive care (ten days). Kidney failure. Liver failure. Major organ transplant. Motor neurone disease. Multiple sclerosis. Parkinson’s…
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April 2018 Bupa: PMI
Bupa Business Mental Health Advantage Bupa's Business Mental Health Advantage policy is designed to provide cover for mental health conditions to businesses and their employees. The policy provides support and treatment for almost all long-term mental health issues, except for dementia and learning/behavioural development problems, which often affect people after and before their working life anyway. Bupa’s existing mental health benefits and services, including a self-referral service (giving employees access to a specialist consultant without GP referral), are also included. Cognitive behavioural therapy (CBT) is available through Bupa's wellbeing and mental health support service. The policy’s key features include: Extending…
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April 2018 Royal London: CI
Royal London Serious Illness Benefit Royal London, the UK’s largest mutual life insurer, has launched a Serious Illness Benefit for its direct to consumer business. Serious Illness Benefit is an additional option available at extra cost to customers applying for Royal London Life Insurance directly. Dependent on age, the cover provides a lump sum payment of up to £350,000 (lower at higher ages) if the customer is diagnosed with one of six conditions. These are: Cancer. Heart attack. Stroke. Multiple Sclerosis. Benign brain tumour. Dementia. The policy also includes children’s cover up to £25,000. The policy has a 30 day…
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March 2018 Legal & General: CI
Legal & General’s new Children’s Critical Illness Extra (CCIx) cover is a paid for, non-underwritten option that provides enhanced features for parents who want wider CI cover for their children. CCIx pays 50% of the basic parent’s cover, up to £25,000, for a valid claim. Children are covered from birth until the age of 22, irrespective of whether they are in full-time education. There is no limit to the number of children a parent can claim for. In addition to all the original benefits included in its Children’s Critical Illness Cover, CCIx also includes a new children’s terminal illness benefit.…
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March 2018 Aviva: WL
Aviva’s new Whole of Life Insurance+ is designed for the advised market. The fully underwritten plan is available from age 18 to 85 at outset. Aviva says the plan is particularly suited to high value clients looking to help cover their Inheritance Tax liability or to leave a legacy. The plan’s main benefits include: • Being able to pre-qualify client applications before financial and medical checks. • Easily accessible trust and taxation technical expertise for high-value clients throughout the application process. • A dedicated point of contact to chase GP medical exams and to arrange underwriting terms. The plan also…
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