L&G enhances IP plan
Share
Legal & General has enhanced its income protection benefit plan.
Enhancements include an increase in the maximum benefit from £120,000 to £200,000 per annum, and an increased expiry age from 65 to 70.
The plan now includes new guaranteed insurability options to make it easier for people to increase their cover in line with their earnings. L&G has also removed all exclusions except for drugs and alcohol, and enhanced the number of people covered by its own occupation definition.
L&G managing director for protection Bernie Hickman says: “This will be more consumer-friendly and make it easier for advisers to market these plans to their clients.”
If you enjoyed this article, sign up here to receive daily email updates from Money Marketing and Follow @_moneymarketing
Most popular
Most commented
Most emailed
-
Private equity firm takes joint control of wrap provider FNZ
-
New draft HMRC guidance suggests advice process will be VAT-exempt
-
Tony Wickenden: Introducing Seis and changes to VCTs and EIS
-
Scot Wids to re-enter IFA annuity market and exit offshore bonds
-
European regulator warns on quality of advice and products
