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

More2life opens route for lifetime mortgage cases requiring property repairs

More2life has formed an exclusive partnership with Verified Building Services to help lifetime mortgage...

Brightstar launches schools finance broker for independent sector

The Brightstar Group has launched Schools-Finance to help independent schools secure funding for property,...

UK residential property transactions fall in July as uncertainty weighs on market

UK residential property transactions declined in July on a seasonally adjusted basis as borrowing...

Zurich joins UnderwriteMe protection platform in limited rollout

Zurich has made its Personal Protection and Income Protection products available through UnderwriteMe's Protection...

Access FS targets adviser expansion in five-year growth plan

Access Financial Services has unveiled a five-year strategy to expand its adviser network, develop...

Latest publication

Other news

More2life opens route for lifetime mortgage cases requiring property repairs

More2life has formed an exclusive partnership with Verified Building Services to help lifetime mortgage...

Brightstar launches schools finance broker for independent sector

The Brightstar Group has launched Schools-Finance to help independent schools secure funding for property,...

It’s time to look at retention

As the summer winds down and the back-to-school routine kicks back in, I urge...