Alan Lakey: What do the revised ABI cancer wordings really mean?

"The revised cancer wording is superior to those since 2004"

clock • 2 min read

CIExpert founder Alan Lakey reviews the recent changes to the critical illness minimum standard wordings by the Association of British Insurers (ABI) and what this means in practice for advisers.

The recent ABI triennial review of critical illness minimum standard wordings introduced a revised cancer wording which so far has been adopted in part or in full by Aviva, L&G and Zurich.  The change has confused many advisers and has also impacted on the value placed on a diagnosis of less advanced cancer of the prostate. The altered wording, which all insurers must adopt or improve on before 31 January 2024, relates to less advanced cancer of the prostate that is treated by prostatectomy.  Since 2003 all insurers have excluded less advanced cancer of the prostate - defined as a ...

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