Unum exits individual critical illness market


Unum has ceased writing new business in the individual critical illness (CI) market.

The provider said its individual arm will now concentrate solely on the income protection (IP) market Linton Penman, head of retail marketing art Unum said: "It is safe to say that the volume of CI business was small largely because it was a pure standalone CI policy without life cover. So we were a niche section of the CI market. Sales were low and it was not a tough decision to make." Unum stopped marketing and quoting CI in early April and the last of these cases are now on risk. "We have basically been clearing up what was in the pipeline, those waiting for medical evidence for...

To continue reading this article...

Join Professional Adviser

  • 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.



Already a Professional Adviser member?


More on Critical Illness

Defaqto launches critical illness comparison tool

For Engage planning solution

Adam Saville
clock 12 February 2019 • 1 min read

Breast cancer still biggest cause of CI claims - Aegon

Group paid £56m in last decade

Adam Saville
clock 25 October 2018 • 1 min read

F&TRC rolls out age-banded critical illness analysis for advisers

Data from each insurer

Adam Saville
clock 27 September 2018 • 2 min read