Jason joined Protection Guru from Guardian Financial Services in January 2025. He’s been in Financial Services since 1988, his two passions are helping people to develop and Protection, the latter of which he fully immersed himself into in 2017.
Ever curious, Jason is also a Six Sigma Green Belt, a certified Coach and a hugely experienced Learning and Development Practitioner with a keen eye for detail and an ability to make the complex appear simple.
A bibliophile and dog lover Jason can often be found walking his dog, Ziggy, or with his nose in a book.
Hi Rob,
Good article but there is an error in the table showing how indexation increases are applied, for Cirencester FS. The information is correct for their age costed premiums but for the guaranteed level premium option, the annual increases are greater than CPI, as they are applied based on age, so get more expensive over time compared to just CPI.
I was told on a Cirencester FS stand by to of their sales force that it was CPI only, so I asked them to check, as this disagreed with their literature and they later confirmed it is CPI amount rated by increasing age, so a higher figure
My primary product is income protection, so I’m a real nerd on indexation.
Also worth mentioning, Vitality round up the RPI figure they increase cover by, to the nearest 0.25%, so if RPI is 2.1%, cover increases by 2.25%, which I don’t think was mentioned.
Cheers,
Warren
Hi Rob,
Good article but there is an error in the table showing how indexation increases are applied, for Cirencester FS. The information is correct for their age costed premiums but for the guaranteed level premium option, the annual increases are greater than CPI, as they are applied based on age, so get more expensive over time compared to just CPI.
I was told on a Cirencester FS stand by to of their sales force that it was CPI only, so I asked them to check, as this disagreed with their literature and they later confirmed it is CPI amount rated by increasing age, so a higher figure
My primary product is income protection, so I’m a real nerd on indexation.
Also worth mentioning, Vitality round up the RPI figure they increase cover by, to the nearest 0.25%, so if RPI is 2.1%, cover increases by 2.25%, which I don’t think was mentioned.
Cheers,
Warren