2021 Critical Illness Cover Star Ratings Revealed | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 07/04/2021

The last 12 months has shown how important it is for consumers to protect their finances with critical illness cover in case they are unable to work due to long-term illness. Consumers looking to take out critical illness cover or change their existing cover can narrow down their choices to those that have been awarded a Moneyfacts 2021 five or four star rating, which have been revealed today.

Amongst the critical illness providers that have been awarded the top five star rating from Moneyfacts today are Aegon, LV=, VitalityLife and Zurich.

Commenting on being awarded a Moneyfacts five star rating Steven Crosbie, protection director at Aegon, said: “We’re delighted that Moneyfacts has awarded our critical illness protection the maximum five-star rating. This impartial stamp of approval endorses the quality of our products – helping advisers recommend us to their clients with confidence.”

“While the last year should have seen critical illness cover being discussed more than ever before, as it offers valuable protection with providers frequently enhancing and improving their products, it continues to be overlooked by many consumers,” explained Lee Tillcock, editor of Investment Life & Pensions Moneyfacts. “The Moneyfacts Critical Illness Star Ratings can help consumers choose, with confidence, a plan with flexible terms that covers a wide range of illnesses to the highest standard, offering vital protection in the unfortunate event that they need it.”

How the critical illness cover star ratings were chosen

Numerous features are considered when assessing the ratings, and some of these include:

  • Range and number of illnesses covered
  • Age of entry
  • Minimum and maximum terms
  • Ceasing ages
  • Policy terms
  • Minimum and maximum ages
  • Rate types
  • Total and permanent disability (TPD) options
  • Conditions including:
  • Cancer
  • Heart attacks
  • Kidney failure
  • Major organ transplant
  • Terminal illness.
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Critical illness stethoscope

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