Advisers can mix and match the additional policies – Critical Illness Essentials and Combined Life and Critical Illness Essentials – with others across Guardian’s Essentials and Protection ranges, including life cover and income protection.
The core CIC policy includes a dual life approach rather than traditional joint life, keeping couples’ cover separate and including a premium waiver as standard that pays out after 26 weeks if the policyholder is unable to work due to illness or injury.
The cover includes 35 full payout conditions including terminal illness and four additional early-stage cancer payout conditions – carcinoma in situ of the breast, low-grade prostate cancer, low-grade testicular cancer and ovarian cancer of borderline malignancy. These conditions pay out 30% of the cover amount or £30,000, whichever is less.
Up to £25,000 of children’s critical illness cover is built in, with the option to add further protection if needed and a lifestyle promise for smokers, which means Guardian may reduce a smoker’s premium if they stop smoking.
There is also immediate cover of up to £300,000, which is temporary cover that starts as soon as Guardian receives a completed application form.
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Hilary Banks, chief commercial officer at Guardian, said: “Advisers have told us they want to recommend Guardian to more clients, but need a simpler, more affordable option for those on tighter budgets. By working closely with adviser firms, we’ve created exactly that.
“Our new Essentials covers give advisers greater choice and flexibility when supporting their clients”.
