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L&G launches medical underwriting service

Legal & General has unveiled its plans to launch a medical underwriting service for group income protection schemes.

All firms with over 50 members can now access L&Gs ONEderwriting service, an underwriting system designed to reduce the waiting time to get clients insured.

ONEderwriting means clients will now be underwritten once and never again, even when a salary changes, and will be given the option of a tele-interview.

Visits to the doctor will be scrapped and replaced with medical examinations in the home or office, while automatic requests for reports have been abolished.

L&G’s managing director of group protection Diane Buckley says: “These changes further improve the service we are able to offer. We appreciate that employers and advisers need both speed and convenience in underwriting and believe that these improvements give us a market leading offering.”

From today L&G will also be offering a free cover limit equal to the lifetime allowance for schemes with over 5,000 members or £500,000 premium.

The decision was made after the firm noticed a slow reaction to the opportunities available to increase free cover limits in order to reflect the new lifetime allowance.

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