Provider takes basic product route in response to declined claims statistics
Scottish Widows has launched a back-to-basics critical illness (CI) product, which sees the provider entering the guaranteed CI market for the first time. The CI cover, available to intermediaries from the end of August, offers level or decreasing cover, with up to £25,000 child CI cover. It also offers an optional premium waiver benefit. Moreover, it provides a number of guaranteed insurability options including marriage, moving house, birth of a child and legal adoption. The guaranteed CI policy, which currently covers 28 different conditions, is completely different from the provider'...
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