Why critical illness shouldn’t stand alone

Stand alone critical illness sales grew by 90% over 2017-2021, according to Swiss Re’s recently published Termwatch 2022. But experts and research both indicate a better alternative.

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Abbreviations used in this article

• CIC: critical illness cover
• SACIC: stand alone critical illness cover
• ACIC: accelerated critical illness cover
• LTA: level term assurance
• DTA: decreasing term assurance

SACIC is growing - fast

Here’s how CIC has grown over the years: a little for ACIC and a lot for SACIC.

(*) Includes a little whole of life CIC, from 123 policies in 2017 to 3,122 in 2021.

Source: ACIC policies from Termwatch 2022 page 6 (2019-2021) or Termwatch 2020 page 6. SACIC policies from Termwatch 2022 page 10.

Much more to come.