Should critical-illness cover and permanent health insurance be regulated?
“Yes, because it is potentially too complex an area not to be.”
Richard Mumford,M&M Financial Services
“Yes. They should be regulated because of the complexity of products,
particularly critical illness.”
Tony Levinson,Anthony Levinson & Partners
“Yes, because there is general confusion about how these policies operate.
Some are linked to whole-of-life policies which have an investment content.
This can affect future premiums, so it should be regulated.”
Frank Dennis,Frank Dennis Investment Services
“Yes. It keeps the rogues out of the market and the fewer IFAs that can
sell it, the more business there is for us.”
Russell Cook,Cook Independent
“Yes. I think it gives clients confidence and if you are selling it in a
package of other products, there is no extra work involved. Regulation
would also stop it sticking out like a sore thumb against other product
Brian Johnson,Chambers & Newman Financial Services
“Yes. With income protection, people often don't fully understand what
they are buying, and are not sure what they are entitled to from the state.
For critical illness, the policies can be so complicated that they should
also be regulated.”
Andrew Hill,Andrew Hill Financial Services
“Yes, I think it should be – virtually everything else is.”
Susan Cox, HW Gibbs Financial Services
“I do not want it to be regulated but I cannot see how it cannot be when
everything else is.”
Tony Dring, Tony Dring Financial Services