2022 critical illness ratings – 5 things you should read
Our Protection Product Ratings provide advisers with a valuable resource to research and check the quality of each insurers protection proposition, as well as a range of underlying features and benefits. The features and benefits that make up the overall score are based on those most commonly selected by advisers on our research tools over the last 12 months. For this reason, our ratings are a reflection of what is important to advisers and their clients. They’re not static either and throughout the year we update the scores and medals if and when insurers make improvements to their products.
Today we bring you a round-up of our critical illness ratings. These ratings include our all important independent panel of medical experts benchmarking of the critical illness definitions, as well as our analysis of the amounts paid for those conditions (factoring in Vitality’s severity based payments and insurers additional payments). You can find out more about how our doctors benchmarking critical illness definitions here.
Critical Illness Cover
Our first category of critical illness ratings focuses on the adult cover, with our doctors benchmarking of the adult definitions. We also include analysis of the amount paid for those definitions, including Vitality’s severity based payments, as well as the additional payment conditions offered by insurers. Other underlying product features in our overall critical illness ratings include claims processes, rehabilitation support and second medical opinion services.
Critical Illness Cover (Including Child Cover)
Our critical illness with child cover ratings include our analysis of the adult definitions and amount paid, with the added inclusion of both the standard children’s definitions, as well as analysis of congenital conditions (typically included on enhanced children’s cover). We separate the analysis of the children’s cover into these two features, because for clients who already have children the congenital conditions will be irrelevant.
Mortgage protection critical illness
Our mortgage protection critical illness ratings includes both the adult and child critical illness cover analysis. Further underlying product features and benefits included within the ratings for this category are separation options, free cover and access to GP services.
family income benefit critical illness
Our family income benefit critical illness ratings once again include all categories of critical illness analysis, alongside claims processes, rehabilitation support services and physiotherapy support services as some of the underlying product features.
business protection critical illness
Our business protection critical illness ratings just includes the analysis of the adult definitions and amount paid. Additional underlying product features and benefits that make up the overall ratings include business legal support, claims processes and rehabilitation support services.