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PPP removes exclusions on lifetime care bond

PPP lifetime care is extending the cover on its long term care bond by removing exclusions previously imposed for AIDS-related illnesses, self-inflicted injury and not following medical advice.


The health insurer says the move is part of a drive to make its products more flexible by helping clients protect their assets and independence when they are faced with the costs of long term care.


The Lifetime Care bond also offers IFAs the choice of taking the existing commission of 6 per cent or an initial commission rate of 4 per cent plus 0.5 per cent of the fund value on each policy anniversary.


It is also changing the name of its Assistive Device Benefit to Independent Living Benefit.

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Healthcare predictions for 2015 from Jelf Employee Benefits

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