Each provider has been awarded either a gold, silver or bronze medal for both their overall proposition, as well as in several important underlying categories.
These categories, and the metrics used to assess the providers, were selected after consultation with a range of independent experts and adviser firms. The overall awards in the F&TRC ratings are:
How well do you really know your competitors?
Access the most comprehensive Company Profiles
on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Company Profile – free
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the
quality of our Company Profiles. However, we want you to make the most
decision for your business, so we offer a free sample that you can download by
submitting the below form
Gold Medals: Aviva, The Exeter (Income One Plus), Legal & General, LV=, LV= (Personal Sick Pay), VitalityLife (Comprehensive)
Silver Medals: The Exeter (Pure Protect), Royal London, Vitality Life (Primary)
Bronze Medals: AEGON, AIG, Zurich
Product features considered as part of the overall income protection rating are: incapacity definitions; claims statistics; claims processes; rate availability; sum assured limits; added value benefits; deferred periods; linked claims; return to work benefits; indexation and age limits;
Gold Medals: AIG, Royal London and Zurich
Silver Medals: Legal & General, LV= and Vitality Life
Bronze Medals: AEGON and Aviva
Product features considered as part of the overall Business Protection rating are: business protection support; trusts; financial evidence; preferential service standards; immediate cover; added value benefits; guaranteed insurability options; and application process.
Gold Medals: AIG, Legal & General, Royal London, VitalityLife and Zurich
Silver Medals: Aviva & LV=
Bronze Medals: AEGON
Product features considered as part of the overall Relevant Life ratingare:business protection support; financial evidence; trusts; added value benefits; sum assured limits; continuation options; exclusions; guaranteed insurability options and application process.
Adam Higgs, adviser services head of research at F&TRC, said: “Income Protection, business Protection and relevant Life products are hugely important products, however for many reasons less of these policies are put in force than life and critical illness.
“The ratings and fact sheets look to help advisers better understand some of the more important features of such policies and the differences between provider offerings.”
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.