The critical illness template is 'broken' - so start with the premise that any condition which results in an agreed outcome deserves to be paid
Many commentators have lamented the lack of simplicity within critical illness cover (CIC) plans whereas others argue that the plan design should encompass an element of income protection (IP) to form a hybrid plan. The drawback of a hybrid plan is that whilst everybody - health permitting - is eligible for CIC there are many people unable to effect an IP plan due to cover at work or an income that is not provable in the traditional sense. What is simplicity anyway? Is it a three-condition...
‘Times are changing’
'Be transparent, appropriate and timely'