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Unum stops offering individual critical illness insurance

Unum

Unum has pulled out of the individual critical illness market to concentrate on income protection. It will continue to offer group cover

 

Unum was one of the few insurers offering a severity-based product with its Elixia 123 policy. It paid out varying amounts depending on whether an illness was classified as life threatening, disabling or traumatic.

Critical illness insurance news: 23 May 2011