Legal & General has made changes to its critical illness cover.
The policy expiry limit has been extended from age 65 to 70, while the children’s cover now allows multiple claims up to £50,000.
Also, L&G says the third degree burns definition has been improved, while the ability to quote for CIC on sums assured is up to £3 million.
The maximum expiry age on the CIC product is now 70.
Bonnie Burns, product and technical director for Legal & General said: “More and more people are working beyond the age of 65 and taking out mortgages that run to age 70 and this practice is likely to continue. Feedback from customers and advisers has told us that they want a CIC product that supports their changing financial lifestyle. I am confident that these important changes to our CIC product will meet the needs of customers now and for the future.”””
