The conditions that can - and should - be removed from CI plans without impacting value
Back in 2011, Carol Sergeant chaired a simple products design group whose aim was "to develop a suite of simple, transparent and easy to understand financial products". It quickly became clear that critical illness was not considered suitable for simplification and the group moved on to easier targets such as term assurance. Fortunately, the industry has picked up the mantle and has started making efforts in this regard. Pleasingly a number of insurers have begun reducing the numbers of conditions...
Asks Alan Lakey
Decided by 'independent' panel
A fixed pay-out of £2,500
‘Still one of the very best’