Guardian increase amount paid for critical illness and your chance to win £100 of Amazon vouchers
The sun is out, the Euro’s have started and even an impromptu school inset day is not dulling my mood. Regardless of how your particular team got on over the weekend (and even if you do not care) we have good news for everyone. Guardian have this morning announced a positive change to their critical illness policy and we are offering all advisers the chance to win £100 of Amazon vouchers.
The Guardian announcement is an increase in the amount they will pay for additional payment conditions under their critical illness plans. These are the conditions that are seen as less severe or less impactful on ones day to day life and therefore do not qualify for a payment of the full sum assured.
Previously, Guardian paid 25% of the sum assured up to £50,000. This meant that for high sums assured they were actually very competitive compared to the market, however for smaller sums assured, other comprehensive plans would typically pay more.
From today, Guardian have increased the amount they will pay for additional payment conditions to 50% of the sum assured up to £50,000. No change in the maximum amount they will pay, however the increase in percentage does mean that those with sums assured below £200,000 will receive more if they meet one of the additional payment condition definitions.
Unfortunately the amount paid does not fall under the cover upgrade promise and as such policies already in force will not benefit from the increase or have the opportunity to pay for the increase. This aside this is a positive change for new applicants and particularly for lower sums assured will bring Guardian in line with the highest paying policies in the market.
Your Chance to win £100 Amazon Vouchers
FTRC (Protection Guru’s parent company) is continually looking to ensure that we have a clear understanding of adviser firms’ priorities and how these change over time. This will help us provide evidence of the extent of adviser support for change and in time additional tools to complement the extensive amount of free data and analysis we can offer via this site. The survey below is designed to address a wider range of issues advisers have raised with us in 2023.
The survey is designed to be concise and straightforward, taking approximately 20 minutes to complete. While there are around 90 questions, 70 of them require only yes, no, or don’t know answers, making it easy to navigate. It does need to be completed in a single session.
The results will be used to design the content for our forthcoming forums and free events for advisers in 2024 to help drive forward the sort of evolution in technology and evolution we find advisers asking for.
As a thank you we will be selecting 5 entries at random to receive £100 in Amazon Vouchers if completed by the end of July and consent is provided. The winners will be announced shortly thereafter.
Complete survey here
