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Legal & General – Multi Protection

Type: Menu-based protection plan comprising Mortgage Protection, Family Protection, Income Protection, critical illness cover and Business Protection

Minimum-maximum ages: 17-79, 64 for critical illness cover

Minimum premium/cover: £6 a month, £60 a year, £10 a month, £100 a year for income protection/no minimum

Maximum cover: Unlimited for life cover, £3m for critical illness cover with functional assessment tests definition of disability, £2m with own occupation definition

Minimum term: One year for life cover only, two years if critical illness cover is included, five years for mortgage-related cover

Cover provided: Mortgage Protection – level or decreasing term assurance, level or decreasing critical illness cover, Family Protection – term assurance, whole of life cover, critical illness cover, family and personal income protection, income protection benefit, Income Protection – income protection benefit, Critical Illness Cover, Business Protection – term assurance, term assurance plus critical illness cover, whole of life cover, income protection

Conditions covered: 39 conditions including 11 with wider definitions than the ABI standard

Discounts: Available on multiple policies

Options: Single or joint life, guaranteed insurability options on marriage/civil partnership, birth/adoption, increase in mortgage debt due to moving house/home improvements and salary increase due to promotion/new job, children’s cover automatically included if critical illness cover is selected, waiver of premium, indexation and an immediate cover facility are available on all life products, conversion option available with some products, Smoothmove available on mortgage-related products

Commission: Menu-based, depending on protection products chosen and length of policy term



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