Provider: Bright Grey Product: Protection from Bright Grey Minimum acceptable age at commencem...
Provider: Bright Grey
Product: Protection from Bright Grey
Minimum acceptable age at commencement: 18
Maximum acceptable age at commencement: 74
Minimum policy term: Five years for standalone critical illness cover, one year for life and critical illness cover.
Maximum expiry age: 85
Maximum sum assured: £1,000,000
Minimum acceptable monthly premium: £10
Monthly policy fee: £2.60 for monthly cases, £30.42 for annual cases. This fee is fixed and does not alter if new covers are added to the plan, or covers are removed.
Loyalty bonus available: Each customer gets access to a range of extras including discounts with LivingWell; BMI Health Services; abound online shopping; Nutrimedline vitamins and nutrients.
Life cover included automatically: No, life cover is an option. Can either have life or earlier critical illness or extra standalone life in addition to the critical illness, or a combination of both.
Amount paid on death: 1-100% of sum assured or extra depending on how the covers have been chosen under the plan.
Level critical illness benefit: Yes ' available as an option.
Decreasing critical illness benefit: Yes ' available as an option.
Increase term after start date: Yes ' available as an option.
Decrease term after start date: Yes ' available as an option.
Increase sum assured subject to underwriting: Cover increase options are available to enable cover to be increased in certain circumstances without underwriting. Other increases may be subject to underwriting.
Decrease sum assured subject to underwriting: Sum assured can be decreased, this is not subject to underwriting.
Change lives assured after start date: Yes ' available as an option.
Waiver of premium available: Yes, two types available.
Payment cover for sickness or payment cover for unemployment.
Waiver deferred period: Four, 13, 26, 52-week deferred period available on sickness, four on unemployment.
Maximum age at entry to include waiver benefit: The maximum age attained at entry is 84 for payment cover for sickness and 64 for payment cover for unemployment.
Age waiver cover ceases: Maximum age: payment cover for sickness will cease on 85th birthday. Payment cover for unemployment will cease on the 65th birthday.
Cost of including waiver benefit %: Varies. 2.5-4.5% depending on deferred period and choice of sickness or unemployment cover.
Waiver definition of disability: Any illness or injury arising before age 65 which prevents the person covered from doing the main duties of their own occupation or causes mental failure.
If the person covered is under age 65 but is not in a paid occupation at the start of a period of disability, a working tasks definition will apply.
Waiver benefit amount indexed: Yes
Waiver benefit covers both lives: Yes
Mortgage interest waiver option: Yes, this is an option. It can be taken by including the following covers, income cover for sickness and income cover for unemployment. Cover can be for the interest, total repayments plus any additional bills they want to include.
Joint life first claim basis available: Yes
Joint life with 2 x cover basis available: Yes, plan can be set up to produce 2 x cover on joint life.
Automatic sum assured indexation available: Yes
Sum assured indexation in line with RPI: Yes ' subject to a maximum increase of 10% a year.
Sum assured indexation in line with a fixed percentage: Yes ' choice of any complete number between 2-10% a year.
Guaranteed insurability option: Yes, four options. Mortgage increase for new mortgage or home improvement loan, childbirth or adoption, salary increase, marriage.
Critical illness cover as a % of life cover: 1-100% or amount in addition to life cover.
Permanent health insurance option: Yes ' income cover for sickness is available as an option.
Redundancy cover option: Yes ' income cover for unemployment is available as an option.
Accidental death benefit option: Yes
Replacement/renewal option: No ' however, can increase the term at any time up to 40 years, this may be subject to underwriting.
Regular income facility available: Yes, cover can be on a lump sum basis or an income basis.
Guaranteed rates available: Rates are always guaranteed throughout term for life cover and income cover for sickness. Some additional covers are also only available on a reviewable basis, for example, critical illness, life or critical illness and income cover for unemployment.
Number of years before the first premium review: For reviewable covers: Life or critical illness or critical illness the payments are guaranteed for the first five years and then reviewable each year after that.
Subsequent premium reviews every 'x' years: After first review on critical illness or life or critical illness cover, cover is reviewable annually.
Non-smoker rates offered: A smoker is defined as someone who has smoked or otherwise used any tobacco products within the last 12 months.
Own doctor medical available: Yes
Paramedical examination available: Yes
Free cover during underwriting: Yes
Insurer pays for cost of obtaining underwriting evidence: Yes
Insurer pays for cost of claims evidence: Yes
Number of core critical conditions as defined by ABI/IFAA: There are seven core conditions covered:
n Cancer
n Coronary artery bypass surgery
n Heart attack
n Kidney failure
n Major organ transplant
n Multiple sclerosis
n Stroke
Number of ABI/IFAA additional conditions covered: There are 13 ABI additionals covered:
n Aorta graft surgery
n Benign brain tumour
n Blindness
n Coma
n Deafness
n Heart valve replacement or repair
n Loss of limb
n Loss of speech
n Motor neurone disease
n Paralysis/Paraplegia
n Parkinson's disease
n Terminal illness
n Third degree burns
Number of other conditions covered: There are 15 other conditions covered:
n Aids through assault
n Aids blood transfusion
n Aids occupation
n Alzheimer's disease
n Angioplasty
n Aplastic Anaemia
n Bacterial Meningitis
n Cardiomyopathy
n Creutzfeldt-Jakob disease
n Liver failure
n Loss of independence
n Open heart surgery
n Pre-Senile Dementia
n Total Permanent Disability
Children's benefit available: Yes ' For any main cover in force at the time children's critical illness cover becomes payable, Bright Grey will pay whichever of the following amounts is lower:
n If the main cover is payable as a lump sum, 50% of the amount of cover shown on the cover summary
n If the main cover is payable as regular payments, 50% of the amount of cover shown on the cover summary, multiplied by the term of the cover
n £25,000.
If the insured has more than one plan with Bright Grey on the lives of different people, and these provide the same or similar childrens critical illness cover the above limits apply across all such plans on the life of each of those people, Bright Grey will make a maximum of two payments for any child.The child must be under the age of 30 days or over the age of 18 years
Child maximum benefit: £25,000 per plan. If the insured has more than one plan with Bright Grey on the lives of different people, and these provide the same or similar childrens critical illness cover the above limits apply across all such plans on the life of each of those people, Bright Grey will make a maximum of two payments for any child.
Survival period for criticall illness claims (days): 14
