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

Average cost of moving hits £13,018

The average cost of moving home has reached £13,018 for those buying and selling...

Equity Release Supermarket calls for greater collaboration

The Equity Release Supermarket (ERS), part of the Equity Release Group (ERG), has called...

Redwood Bank launches valuation fee cashback offer

The new valuation cashback offer gives landlords 100% of their valuation fee back on...

Build, baby, build? Well we will need to fund more than the usual suspects

There was a noticeable sense of optimism at UKREiiF this year. That may sound...

Later life lending group launches

Sovereign Life Group has been formed to bring together established specialist businesses from across...

Latest publication

Other news

Average cost of moving hits £13,018

The average cost of moving home has reached £13,018 for those buying and selling...

Equity Release Supermarket calls for greater collaboration

The Equity Release Supermarket (ERS), part of the Equity Release Group (ERG), has called...

Redwood Bank launches valuation fee cashback offer

The new valuation cashback offer gives landlords 100% of their valuation fee back on...