The age increase is in response to “changing social trends” and “advancements in medical science” says the provider. For advisers, the increase means initial commission for clients whose length of cover takes them beyond the age of 75 won’t be capped.
In addition, customers offered standard rates now have 180 days from when the terms are offered to complete a declaration of health, an increase from 90 days previously. Consumers offered rated premiums, meanwhile, will have 90 days from when the terms are offered in which to take up the offer, an increase from 30 days previously.
The increased period is designed to help customers whose house purchase takes a long time to complete, so they need only take out protection once the purchase is finalised, says Axa.
Axa director of protection marketing Iain Mallon says: “By offering life cover to people up to the age of 85 and increasing the acceptance period to 180 days we are helping people to meet the needs of modern day life. By being flexible and making these changes AXA is ensuring it can meet changing customer needs.”