L&G overhauls income protection benefit plan

Published on

Legal & General has revamped its Income Protection Benefit Plan, which available online and via L&G’s new business system OLP Connect.

Maximum benefit has been impressed from £120,000 to £200,000 per annum and the expiry age from 65 to 70. There are new guaranteed insurability options and L&G has also removed all exclusions except for drugs and alcohol.

Bernie Hickman, Legal & General’s managing director for protection, said: “We’re offering advisers and their clients flexibility and value for money with a five star income protection product and a full menu proposition. In the course of completely overhauling our income protection offering

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

AI-driven direct lending could erode mainstream mortgage advisers’ market share

Mortgage lenders could use artificial intelligence to attract more customers directly, putting pressure on...

Stamp duty exemption for downsizers could revive housing transactions

Removing stamp duty for older homeowners and people moving to smaller properties could help...

Interest rate expectations too pessimistic as inflation pressures ease

Financial markets may be overestimating the outlook for UK interest rates, with inflation potentially...

Landlords face changing buy-to-let market as lenders predict continued demand

Specialist lenders expect the buy-to-let sector to remain resilient despite regulatory changes, although attracting...

Swansea BS introduces digital mortgage application service for brokers

Swansea Building Society has introduced an online mortgage application portal for its 830 intermediary...

Latest publication

Other news

AI-driven direct lending could erode mainstream mortgage advisers’ market share

Mortgage lenders could use artificial intelligence to attract more customers directly, putting pressure on...

Stamp duty exemption for downsizers could revive housing transactions

Removing stamp duty for older homeowners and people moving to smaller properties could help...

Interest rate expectations too pessimistic as inflation pressures ease

Financial markets may be overestimating the outlook for UK interest rates, with inflation potentially...