Bright Grey’s average critical illness payout: £80k

Published on

Bright Grey says it paid 93% of critical illness claims last year, with only 2% of claims declined for non-disclosure. The average pay out was nearly £80,000.

The youngest claimant was 24 years old and the average age of critical illness claimants is 42 for men and 41 for women and 75% of critical illness claims were for cancer.

Roger Edwards, proposition director at Bright Grey said: “It’s very pleasing to see such a high claims paid figure which helps generate a massive confidence in Bright Grey with advisers and their clients. However

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Cambridge BS awards £15,080 grant to support young women

Cambridge Building Society has awarded Turtle Dove Cambridge £15,080 to help young women at...

Auction sales rate falls as buyers become more selective

The proportion of property auction lots sold fell to 64.7% in July as buyers...

Untangled completes Ampla Finance rebrand with new website

Specialist lender Untangled has launched a new website, completing its transition from Ampla Finance. The...

L&G cuts rates for new optional payment lifetime mortgages

L&G has introduced rate reductions of between 0.01% and 1.00% for new customers taking...

Mortgage payments are leading source of financial pressure for borrowers

More than half of UK mortgage holders worry about their repayments at least once...

Latest publication

Other news

Cambridge BS awards £15,080 grant to support young women

Cambridge Building Society has awarded Turtle Dove Cambridge £15,080 to help young women at...

Auction sales rate falls as buyers become more selective

The proportion of property auction lots sold fell to 64.7% in July as buyers...

Untangled completes Ampla Finance rebrand with new website

Specialist lender Untangled has launched a new website, completing its transition from Ampla Finance. The...