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L&G reduces whole of life rates

Legal & General has unveiled plans to reduce its rates for its whole of life protection plan by up to 6 per cent.

Premiums for a single whole of life would normally cost a 55-year-old female smoker, with £100,000 sum assured, £176.50 per month.

However, a 60-year-old non-smoking couple with a joint life plan on the second death, with £100,000 sum assured, will now cost £144.40 per month.

L&G marketing and channel development director Alan Ferguson says: “We believe our product offering is very strong in this sector and intend to be very competitive on price”


HBOS to axe 650 jobs

HBOS is to axe 650 jobs over the next eighteen months as it combines two of its operations.


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