Life Insurance Policy Features Comparison

                  

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Products offered

  Life Level Term (with Critical Illness)
  Mortgage Life Protection (with Critical Illness)
  Mortgage Life Protection
  Life Level Term
  Mortgage Life Protection (with Independent Critical Illness Cover)
  Life Level Term (with Independent Critical Illness Cover)

Benefits of policy

  Mortgage Decreasing Rate 10% 6% 6-12% 10% Vitality Life Plan 7% Essentials Plan 7% Mortgage Plus Plan
  Member benefits
  Medical helpline
  Counselling helpline
  Bereavement Counselling
  Total and Permanent Disability
  Terminal Illness Cover
  Option to increase the Sum Assured during the life of the policy
  Option to increase the Policy Term during the life of the policy

Critical Illness Definitions

  Total Number of Conditions with Full Payment 43 47 22 40
  Total Number of Conditions with Additional Payment 17 38 5 2
Common Critical Illness Conditions
  Cancer
  Heart Attack
  Stroke
  Multiple Sclerosis
Less Advanced Cancers
  Carcinoma in situ - breast Additional Additional Additional Additional
  Carcinoma in situ - cervix Additional
  Carcinoma in situ - oesophagus Additional Additional
  Carcinoma in situ - testicular Additional Additional
  Carcinoma in situ - urinary bladder Additional Additional
  Low grade Prostate cancer Additional Additional Additional Additional
Heart and Vascular Condition
  Aorta graft surgery
  Cardiac arrest
  Cardiomyopathy
  Carotid artery stenosis Additional
  Coronary artery angioplasty Additional Additional
  Coronary artery bypass grafts
  Heart Attack
  Heart valve replacement or repair
  Idiopathic arterial pulmonary hypertension
  Open heart surgery
  Pulmonary artery surgery
Tumour
  Benign brain tumour
  Benign spinal cord tumour
  Ovarian tumour Additional Additional
Neurological
  Alzheimer's disease
  Arteriovenous malformation (AVM) of the brain Additional Additional
  Cerebral aneurysm Additional Additional
  Creutzfeldt-Jakob disease
  Dementia (including senile and pre-senile dementia)
  Encephalitis
  Motor neurone disease
  Multiple sclerosis
  Multiple system atrophy
  Non-malignant pituitary tumour / adenoma Additional
  Parkinson's disease
  Progressive supranuclear palsy
  Sight - Central retinal occlusion Additional Additional
  Spinal Stroke
  Stroke
Disease and infection
  Bacterial meningitis
  Diabetes (type 1 requiring injections) Additional
  HIV Infection
Immune system
  Aplastic anaemia
  Neuromyelitis optica (Devics)
  Systemic lupus erythematosus
Accident or disability
  Accident hospitalisation cover Additional benefit amount of 5,000 Additional
  Blindness
  Coma
  Hearing - partial loss of hearing
  Deafness
  Intensive care (requiring ventilation)
  Loss of hands or feet
  Loss of independent existence
  Loss of speech
  Paralysis of limbs
  Sight - partial loss of sight Additional
  Surgical removal of an eye
  Third degree burns
  Traumatic brain injury
Major organ failure
  Kidney failure
  Liver failure
  Lung - removal of one or more lobe(s) of the lung
  Major organ transplant
  Pneumonectomy
  Lung disease / Respiratory failure
Stomach disorder
  Crohn's disease Additional Additional
  Ulcerative colitis Additional Additional
Children's critical illness cover
  Child critical illness benefit amount Additional Additional Optional Benefit (not included in quote) Additional
  Child max. age Age 21 if in fulltime education otherwise age 18 22nd birthday 18
  Age at which cover begins From birth 30 days From 30 days
  Child congenital

Claims Performance of company

  Personal Claims Handler Appointed
  Average Time to Pay Death Insurance Claims (days) 27 Not provided by AIG 90 days 20 14 Not provided by Vitality Life
  Average Time to Pay Critical Illness Insurance Claims (days) 30 Not provided by AIG 60 28 days
  Average Time to Pay Terminal Illness Insurance Claims (days) 30 Not provided by AIG 50 29 42 Not provided by Vitality Life
  Percentage of Death Claims Paid 98% of claims were paid in 2017 99% 99.7% of death claims were paid in 2016 97% of critical illness claims were paid in 2015
  Percentage of Critical Illness Claims Paid 93.6% of Critical Illness claims were paid in 2017 93% N/A

Information about company

  Telephone Claims Service
  Date company was Established 1831 1919 2012 1836 1843 2007
  Value of Underwritten Cover in the UK Not provided by Aegon Not provided by AIG Not provided by Beagle Street Not provided by Legal and General Not provided by LV= Not provided by Vitality Life
  Financial Strength of Insurer (Standard and Poor's) A+
More info about S&P ratings
B+ Not available AA-
More info about S&P ratings
BBB+
More info about S&P ratings
BBB+
More info about S&P ratings
  Policy Underwriter Aegon Not provided by AIG Scottish Friendly Legal and General Scor VitalityLife

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