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Royal London 360 increases age limit for LifePlan benefits to 80

Royal London 360º has increa-ed the maximum age limit for the term benefits on its LifePlan product from 65 to 80.

The group says that the move will provide greater flexibility at no extra cost to policyholders.

It says long-term care is now a standard feature on the whole of life product and is being added to all existing policies, increasing the level of cover given at no extra cost.

Royal London says it has added a critical-illness guide and underwriting guidelines for advisers. It is also launching a range of sales aids and case studies.

Head of marketing Natalie Dutton says: “LifePlan is a particularly significant product for us as it was the first one developed under the Royal London 360º brand.”

The product pays out on the death of the life assured or on diagnosis of terminal illness and offers primary life cover up to £4.9m as well as offering accidental death benefit and critical-illness cover among the benefits.

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