Alan Lakey: Terminal illness vs death benefit

The year 2018 will be remembered as the year that children's critical illness finally received the same forensic attention as adult cover. Most insurers have upped the ante and added various child-specific conditions and some, such as AIG Life, Guardian, Legal & General and Royal London, have moved away from the standard £25,000 or 50% figure. Most providers now include child death benefit although it was only a few years back, during April 2013, that Legal & General became the first to include it. Many insurers already offered child terminal illness cover and whilst the inclusion of a d...