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L&G launches group voluntary life assurance plan

Legal & General has launched a voluntary life assurance plan for groups allowing employees to purchase life assurance through their employer.

The plan aims to secure members benefits on competitive group terms, while maintaining the flexibility of individual insurance.

L&G believe the mechanisms that will need to be in place because of stakeholder will lead to an increase in demand for this type of cover. The L&G plan will be available to any employer with 100 or more employees.

L&G group risk managing director Jane Dale says: “We believe this product complements the introduction of stakeholder.”

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Yorkshire Building Society – Tessa Only Isa

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