Five things to know when assessing critical illness policies

What should advisers look for when deciding on the most suitable critical illness (CI) plan for their clients? Should it be cost, or maybe quality? Are claims statistics of prime importance or maybe administrative capability? All of these are of greater or lesser importance depending on what the client is looking for but ultimately it is at the point of claim where the true value of a plan is established. 1. 100% payment conditions CI plans offer conditions which pay 100% of the sum insured and additional payment conditions paying a limited amount, but without it reducing the sum in...