F&TRC has added functionality into its Quality Analyser system that enables advisers to compare critical illness (CI) policies based on an individual's personal circumstances - such as age, gender and term of the plan.
Insurers' CI definitions have been analysed by an expert medical panel and scored based on how likely a claim would be for a client suffering from the condition. Age-banded incidence data for each condition has also been sourced to enable the Quality Analyser system to weight each condition based on how likely a client is to suffer from it. These two sets of data will allow advisers to run a bespoke analysis for each client and identify which insurer offers the most suitable cover based on their susceptibility. As an example, the table below illustrates the top five heaviest weighted ...
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