Skandia enters CI arena as advisers 're-prioritise' protection

The company, part of Old Mutual Wealth, has launched a CI product covering 56 illnesses and which it said "goes beyond" normal industry standards by providing cover for 18 of these conditions at the ABI+ [Association of British Insurers] standard. Cover includes Serious Accident Benefit meaning that, following an accident that causes severe injury and results in a customer being hospitalised immediately for 28 consecutive days, they will receive a partial pay-out of up to £25,000. The CI product is also available with rolling term assurance, while child's cover - which runs until age ...