Guardian has unveiled its "simple, broader definitions with no general exclusions" for critical illness cover and terminal illness benefit within life cover, based on an ethos of "life made better" for customers and advisers.
In January, Gryphon Group Holdings announced its intention to mount a challenge for UK protection business as Guardian and - along with the launch of its Protection Builder platform for advisers - these are the first details of its offering to have emerged. For critical illness (CI) cover, there are some key changes to the most common definitions. For stroke, for example, rather than evidence in the form of a scan, if symptoms have lasted more than 24 hours and a UK consultant neurologist says it is a stroke, there is a pay-out. With a heart attack, meanwhile, rather than detailed med...
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