View more on these topics

Legal & General overhauls critical illness product

Legal & General has made a number of improvements to its critical illness offering, including the introduction of two new conditions and an extension of the maximum age at outset to 67.

The provider’s CI product now covers cardiac arrest with defibrillator insertion and accidental hospitalisation benefit, which pays out £5,000 if the insured individual spends 28 consecutive days in hospital due to physical injury, on top of the existing conditions covered.

The provider has also increased the maximum age at the outset of the policy from 62 years of age to 67.

Other improvements include extended children’s critical illness cover. Policyholders will now be paid £5,000 if a child spends 28 consecutive days in hospital due to physical injury, £4,000 towards funeral costs if the child dies and up to £100 a night, up to £1,000, for family accommodation for each night a child spends in hospital following diagnosis of one of the policy’s conditions. Previously, the provider offered only a £25,000 pay out upon diagnosis of one of the conditions.

L&G has also made total permanent disability optional and is now offering an indexation option, where the payout can be linked to inflation.

CIExpert founder Alan Lakey says: “L&G has picked itself up from mediocrity and turned into one of the market leaders as a result of these changes.”

Recommended

1

Aegon platform director departs

Aegon platform director Bryan Hill is leaving the firm this month. Hill was recruited in September 2011 from Friends Life to develop the Aegon Retirement Choices platform strategy. Aegon says Hill’s role has been completed and he will now pursue other opportunities. There are no plans to replace him. An Aegon spokesman says: “As one […]

2

IFA View: FCA needs to safeguard professional standards

This month saw the arrival of the Financial Conduct Authority. This brings a huge opportunity for fresh starts and doing things differently. I was able to discuss some of this new thinking recently when I interviewed a very capable, young candidate for a role at Sesame Bankhall Group. It was great to listen to his […]

6

Lloyds investigates Scot Wids structured products sales

<!– <!– <!– <!– <!– –> –> –> –> –> <!– <!– <!– <!– <!– –> –> –> –> –> Lloyds Banking Group is investigating sales of Scottish Widows structured products after a sample review found the investments were missold in 25 per cent of cases. The review was triggered by a Daily Mail investigation […]

JPMAM’s Thompson to replace Garrood as Henderson CFO

Henderson Group has named JP Morgan Asset Management global chief operating officer Roger Thompson as its new chief financial officer after Shirley Garrood announced her retirement. Thompson will take over the role on 1 July when Garrood stands down as CFO and director after 12 years with the asset manager. She plans to leave the group in […]

Get your New Year off to a flying start

Ross Jackson, Senior Marketing Manager There’s no denying that these days we expect things quickly. You might have noticed it first-hand during the flurry and rush of the Christmas period. The fact is that in a world of smartphones, social media and click and collect, most clients expect to get an instant response and a […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

There is one comment at the moment, we would love to hear your opinion too.

  1. For fear of upsetting my friends at L&G I actually said that over the past 5 years the changes made by L&G have pulled them up from mediocrity tobeing a serious quality player.

Leave a comment

Close

Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm

Email: customerservices@moneymarketing.com