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Moneyfacts Critical Illness Cover Star Ratings 2023

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Rachel Springall, Press Officer
Rachel Springall, Press Officer / Finance Expert T: 01603 476210 E: Email Rachel
05/04/2023

A stellar year for Moneyfacts Critical Illness Cover Star Ratings 2023

Moneyfacts is pleased to announce the Moneyfacts Annual Star Ratings 2023 for Critical Illness Cover.

  • The Moneyfacts Annual Star Ratings for Critical Illness Cover look at level and decreasing term assurance combined with illness cover. 
  • Year-on-year there has been consistency in the market, with the number of ratings remaining unchanged, with 26 Five-Star awarded and two Four-Star awarded across the categories. 
  • Over 150 fields of information per product are collected for assessment, including over 70 illnesses along with other crucial areas such as total and permanent disability (TPD), less advance cancers and children's cover. 

The products awarded Five or Four-Star Ratings offer the most comprehensive range of standout features and competitive limits, which set them apart from the rest of the market.

Moneyfacts has been analysing data for 35 years, with the instantly recognisable Moneyfacts badge of quality helping inform consumers when comparing Critical Illness Cover. 

Nine out of 10 people agree that a Star rating from an independent and impartial company could influence their decision in considering taking out a Financial Services product.*

(*Source: Moneyfacts Group Plc, Star Ratings survey 11/2022-01/2023).

A stellar year for Moneyfacts Critical Illness Cover Star Ratings 2023

Moneyfacts is pleased to announce the Moneyfacts Annual Star Ratings 2023 for Critical Illness Cover.

  • The Moneyfacts Annual Star Ratings for Critical Illness Cover look at level and decreasing term assurance combined with illness cover. 
  • Year-on-year there has been consistency in the market, with the number of ratings remaining unchanged, with 26 Five-Star awarded and two Four-Star awarded across the categories. 
  • Over 150 fields of information per product are collected for assessment, including over 70 illnesses along with other crucial areas such as total and permanent disability (TPD), less advance cancers and children's cover. 

The products awarded Five or Four-Star Ratings offer the most comprehensive range of standout features and competitive limits, which set them apart from the rest of the market.

Moneyfacts has been analysing data for 35 years, with the instantly recognisable Moneyfacts badge of quality helping inform consumers when comparing Critical Illness Cover. 

Nine out of 10 people agree that a Star rating from an independent and impartial company could influence their decision in considering taking out a Financial Services product.*

(*Source: Moneyfacts Group Plc, Star Ratings survey 11/2022-01/2023).

This year’s Five-Star awarded providers include:  

Critical Illness Cover: Aegon, Aviva, Royal London and VitalityLife.

VIEW THE FULL LIST OF 2023 AWARDED PRODUCTS – PLEASE CLICK HERE FOR CRITICAL ILLNESS.

 

This year’s Five-Star awarded providers include:  

Critical Illness Cover: Aegon, Aviva, Royal London and VitalityLife.

VIEW THE FULL LIST OF 2023 AWARDED PRODUCTS – PLEASE CLICK HERE FOR CRITICAL ILLNESS.

 

Lee Tillcock, Managing Editor of Investment Life & Pensions Moneyfacts, said:

“Critical illness cover continues to be overlooked by many consumers but should be at the forefront of any protection planning. Offering valuable protection, with providers frequently enhancing and improving their products, the need to compare and re-evaluate cover grows ever more important. 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.”

Lee Tillcock, Managing Editor of Investment Life & Pensions Moneyfacts, said:

“Critical illness cover continues to be overlooked by many consumers but should be at the forefront of any protection planning. Offering valuable protection, with providers frequently enhancing and improving their products, the need to compare and re-evaluate cover grows ever more important. 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.”

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

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

Critical Illness

Critical Illness

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

Notes to editors

Pioneering financial comparison technology for over 35 years.

Moneyfacts Group plc is the UK’s leading provider of retail financial product data. Used by virtually every bank and building society in the UK, and supplied to the Bank of England, Financial Conduct Authority, Financial Ombudsman Service, HM Treasury, Prudential Regulatory Authority and UK Finance.

Our expert research team monitors the thousands of mortgages, savings, credit card, personal loan, business banking, life, pension and investment products in the UK.

Moneyfacts’ Star Ratings highlight the best quality financial products available based on an assessment of all their features and criteria. Moneyfacts Star Ratings logos act as an independent and impartial badge of approval and help customers easily spot which are the better deals to help them make important decisions with confidence.

The growing range of products currently assessed includes:

  • Personal Current Accounts
  • Personal Credit Cards
  • Business Current Accounts
  • Business Credit Cards
  • SIPP and SSAS
  • Equity Release
  • Home Insurance
  • Home Emergency Cover
  • Car Insurance
  • Travel Insurance
  • Pet Insurance
  • Private Medical Insurance
  • Unsecured Personal Loans
  • Landlord Home Insurance
  • Commercial Mortgage.

For more information about us please see our key facts.

To link to our website please use moneyfactsgroup.co.uk.

Broadcast

Our broadcast suite enables our finance experts to appear in-vision for television, and we regularly comment live on national and regional radio.

To arrange an interview for radio or television, please contact our press department. We have an in-house broadcast room.

 

Notes to editors

Pioneering financial comparison technology for over 35 years.

Moneyfacts Group plc is the UK’s leading provider of retail financial product data. Used by virtually every bank and building society in the UK, and supplied to the Bank of England, Financial Conduct Authority, Financial Ombudsman Service, HM Treasury, Prudential Regulatory Authority and UK Finance.

Our expert research team monitors the thousands of mortgages, savings, credit card, personal loan, business banking, life, pension and investment products in the UK.

Moneyfacts’ Star Ratings highlight the best quality financial products available based on an assessment of all their features and criteria. Moneyfacts Star Ratings logos act as an independent and impartial badge of approval and help customers easily spot which are the better deals to help them make important decisions with confidence.

The growing range of products currently assessed includes:

  • Personal Current Accounts
  • Personal Credit Cards
  • Business Current Accounts
  • Business Credit Cards
  • SIPP and SSAS
  • Equity Release
  • Home Insurance
  • Home Emergency Cover
  • Car Insurance
  • Travel Insurance
  • Pet Insurance
  • Private Medical Insurance
  • Unsecured Personal Loans
  • Landlord Home Insurance
  • Commercial Mortgage.

For more information about us please see our key facts.

To link to our website please use moneyfactsgroup.co.uk.

Broadcast

Our broadcast suite enables our finance experts to appear in-vision for television, and we regularly comment live on national and regional radio.

To arrange an interview for radio or television, please contact our press department. We have an in-house broadcast room.

 

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James Hyde Press & PR Manager
Rachel Springall Press Officer / Finance Expert
Caitlyn Eastell Apprentice Press & PR Assistant