Examining the Crucial Role of Terminal Illness in Life Assurance Policies

Posted by Adam Higgs | Mar 7, 2024 | Life Protection, Terminal Illness | 4 |

About The Author

Adam Higgs

Adam leads Protection Guru's detailed protection research and benchmarking of both product and operation features provided by insurers and has a vast knowledge of the protection market. He has been instrumental in building the protection comparison service Quality Analyser and maintaining the data to enable adviser to quickly and easily compare protection products based on qualitative measures. He also works with adviser firms to help in panel reviews and with insurers to help them understand the shape of the market, their strengths and the areas that could be improved in their products. In his spare time and when not spending time with his wife and two children, Adam is a keen Arsenal fan and enjoys hacking his way around a golf course.

4 Comments

Richard Brough on 18th August 2021 at 3:05 pm

Claim stats are wrong Royal London actually paid out £30.4 million in terminal illness claims in 2020
- Darius Stonkus on 26th August 2021 at 6:57 pm
  
  Yes it says that in the article: totaling just over £30mil. What is wrong there?
  - Rob Harvey on 31st August 2021 at 4:59 pm
    
    That’s our bad, we altered it and didn’t reply to acknowledge this. The earlier incorrect stat was based on some data Royal London shared with us, which differed from the final published statistics. Our apologies for the confusion caused.
- Andrew Donnelly on 17th November 2021 at 5:27 pm
  
  Loving the knowledge Richard!! Although, I really wonder how much more would it have been if the TI definition were matching what Guardian have done. Guardian has shown here it is not about the money it’s about getting it to clients when they need it. If someone has a Stage 4 Cancer, then sadly, they are going to die. Telling them they not ill enough if they have, in the opinion of a Consultant, more than 12 months left is not right. Guardian are cornering the entire Life Insurance market with this Definition alone.