Guaranteed CI rates still rising - Lifesearch

clock

Guaranteed critical illness rates have generally increased over the last two months but there is still no sign of the market making the "seismic changes" predicted last year, according to Lifesearch.

Details of the fourth quarterly Lifesearch Protection Report looks at the current status of the CI market and suggests most providers have increased their premium rates slightly, even though other products elsewhere still have much lower prices. A table of critical illness providers gives a brief summary of current terms they offer and how they might also change over the last three months. Evidence presented by Lifesearch shows a life policy costing £30 per month in 1999 would today cost nearer £22. A guaranteed rate critical illness policy, however, has rocketed over the same period ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Protection

The return of redundancy cover – and why it's important

The return of redundancy cover – and why it's important

Standalone unemployment insurance is making a comeback

Kesh Thukaram
clock 02 April 2025 • 3 min read
PDG responds to FCA Pure Protection Market Study update

PDG responds to FCA Pure Protection Market Study update

Expanded terms of reference

Cameron Roberts
clock 31 March 2025 • 2 min read
FCA: Protection commission ban is potential 'extreme' market study outcome

FCA: Protection commission ban is potential 'extreme' market study outcome

FCA: 'We're going into this with an open mind'

Jaskeet Briah
clock 28 March 2025 • 3 min read