Scottish Widows has updated the critical illness definitions for Scottish Widows Protect.
The insurer has changed its definition regarding additional payment for cancer in situ requiring surgery. It has also combined Alzheimer's disease and Dementia into one definition, as both are assessed in exactly the same way at claim stage Scottish Widows head of underwriting and claims strategy Scott Cadger said: "Removing complexity will also make things clearer and simpler for advisers and clients alike, with no complicated policy conditions to work out at that all-important point of claim." In October 2015, Scottish Widows returned to the intermediary market with the launch of a ...
To continue reading this article...
Join Professional Adviser
Signup and gain exclusive members-only insights
- 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.
