Each provider has been awarded either a Gold, Silver or Bronze medal for both their overall proposition as well as in several underlying categories.
Product features considered as part of the overall Business Protection rating include business protection support, trusts, financial evidence, preferential service standards, immediate cover, added value benefits, guaranteed insurability options and application process.
For Business Protection, the awards ratings are:
Gold Medals - AIG, Royal London and Zurich
Silver Medals - Legal & General, LV= and Vitality Life
Bronze Medals - AEGON and Aviva
Adam Higgs, Adviser Services Head of Research at F&TRC, said: “Income Protection, Business Protection and Relevant Life products are hugely important products, however for many reasons less of these policies are put in force than life and critical illness. The ratings and fact sheets look to help advisers better understand some of the more important features of such policies and the differences between provider offerings.”