Cignpost Life Insurance Review 2023
Cignpost began comparatively recently as a life insurer dedicated to making coverage simple and intelligent.
This policy meets the concerns of inflation throughout the contract.
Cignpost began comparatively recently as a life insurer dedicated to making coverage simple and intelligent.
This policy meets the concerns of inflation throughout the contract.
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Cignpost began comparatively recently as a life insurer dedicated to making coverage simple and intelligent. The provider offers straightforward life insurance plans that can easily be obtained online, with a questionnaire that could get clients covered in a matter of minutes.
This review will go over the features and quality of Cignpost as a life insurer.
Contents
Cignpost is a relatively new entity in the UK life insurance market compared to other providers. They scope their offerings to two main types of coverage that work around the needs and expectations of clients.
The two offered life insurance policies are term life insurance and critical illness cover, which we go into more detail below.
Cignpost offers multiple types of term life insurance policies that pay out a lump sum to a beneficiary should they pass away during an agreed term. The plans available include level term, increasing, and decreasing terms outlined below.
Cignpost’s level term plans feature the same amount of coverage no matter where you are in the plan. That means if you were to pass early or late in the term suddenly, the amount your beneficiary would receive would not change.
The plan’s design meets the needs of prospective policyholders who want to guarantee financial protection for their families if something happens to them during the agreed term.
The increasing term plan increases the payout over time the policy runs. Cignpost’s approach sees the payout increase by 3% yearly on a term, though premiums will also increase by 3.75%.
This policy meets the concerns of inflation throughout the contract.
The decreasing term policy pegs its payout against your mortgage, which is an ideal option for those only concerned about paying off their house should they pass unexpectedly. The amount paid to beneficiaries decreases over time as your debt goes down.
Any UK resident can apply for term life insurance at Cignpost up to 54, where you can add critical illness cover for an additional premium.
Cignpost’s critical illness cover is a solution to those concerned about what happens to loved ones financially should a serious condition render the policyholder unable to support them. The plans payout should the insured contract an ailment listed on the policy, including:
Any UK resident up to 49 can apply, but a plan is only an add-on option if the client purchases term life insurance.
So with the plans outlined, let’s get the essential information about Cignpost into scope.
Get the necessary details of Cignpost’s life insurance policies below.
| Cignpost will pay out on your policy if: | The policyholder dies or gets critically ill during the contracted term. |
| Options: | Term Life Insurance (level, increasing, decreasing) |
| Policy Coverage: | Single/Joint Coverage |
| Terminal Illness Cover: | No |
| Critical Illness Cover: | Yes (as an add-on to life insurance) |
| Minimum Entry Age: | 18 |
| Maximum Entry Age | 54 |
| Guaranteed Insurability: | No |
Cignpost aims to be a more direct insurer, offering coverage within minutes of applying online. Subsequently, their range of policies is limited compared to other providers, but that doesn’t necessarily mean they lack quality.
Let’s look at the peer reviews of Cignpost life insurance to gauge public opinion.
We compare plans from the leading life insurance providers
Following the notion that Cignpost is a relatively new insurer, there aren’t many widely available public reviews of the products. However, there is enough to understand the provider’s core opinions and outstanding features.
Generally, Cignpost gets seen positively, offering a limited selection of stable insurance products with decent customer service to follow. See some of the top points about Cignpost below:
So what do both customers and industry professionals have to say about the insurer?
Some of the critical points to take note of Cignpost’s products are:
Now let’s move on to Cignpost’s ratings.
As mentioned earlier, there aren’t numerous reviews available for Cignpost, leaving only a few opinions to gauge metrics for the insurer. However, the outlook of what’s available is generally positive, highlighted on trust platforms Feefo and Defaqto.
Customers who reviewed the term life insurance policy on Feefo gave the product a 5 out of 5. They praised the ease of getting covered, the support in follow-up, and the general customer service that seemed to care about their needs.
The peer-reviewed platform Defaqto gives Cignpost term life insurance a 3 out of 5, likely analysing the limited options and elementary, broad features of the offerings. However, it’s a quality that sits on par with most other popular life insurers in the UK – a respectable achievement for a smaller provider.
If Cignpost is an insurer that interests you, contact a broker to discover whether the intricacies behind the plans suit your needs.
| Type | Plan name | Rating |
|---|---|---|
| Critical illness (decreasing) | Term Life Insurance | 2 |
| Critical illness (level term) | Term Life Insurance | 2 |
| Critical illness (level term) | Term Life Insurance Increasing | 3 |
| Life assurance (decreasing) | Term Life Insurance | 2 |
| Life assurance (decreasing) | Cignpost Term Life | 3 |
| Life assurance (level term) | Term Life Insurance | 2 |
| Life assurance (level term) | Term Life Insurance Increasing | 2 |
| Life assurance (level term) | Cignpost Term Life | 3 |
| Defaqto ratings were reviewed on 01/10/2023 | ||
