Life's unexpected turns can be overwhelming, and we know the changing needs and challenges of your clients. That's why we're introducing a suite of improvements designed to make our cover more flexible, resilient, and tailored to life's uncertainties.
With greater critical illness support, added flexibility to increasing cover (indexation), extending the quotability period and improved income protection outcomes at claims, if criteria met.
Because your client's cover should fit their life, not the other way around.
Find out how we've enhanced our cover to keep up with life's changes.
What's new?
Extended our quote validity period from 90 days to 120 days, giving your clients extra breathing space for important applications. This provides customers with greater certainty for a longer period, which is particularly beneficial given the increasing time to complete a mortgage.
Added flexibility giving your clients more control.
This allows customers the option to decline increasing cover up to three consecutive times before the benefit is removed; currently when the benefit is declined once, the benefit is removed.
This change:
- Helps safeguard against the impacts of inflation and provides more flexibility
- Ensures the cover continues to meet the long-term customer needs
Critical Illness Extra: Improved pay-out amounts for additional payments from the lower of 50%/£35k to 100%/£35k
Children's Critical Illness Extra: Improved pay-out amounts for the lower of 50%/£40k to 100%/£40k. Improved pay-out amounts for Children's Terminal Illness Cover from the lower of 50%/£40k to 100%/£40k.
Plus, four new conditions added to Children's Critical Illness Extra: Edwards' syndrome, Osteogenesis imperfecta, Patau syndrome and Surgical repair of an atrial or ventricular septal defect.
Improved benefits at claim, now clients can receive the full benefit if the income difference is less than 10% at the time of claim.
This new process helps if the difference between the settled amount and the policy monthly benefit is under 10%, the monthly benefit will remain unchanged. If it's over 10%, the monthly benefit will be limited to the amount calculated at claim.
This change does not affect our Income Guarantee, which ensures monthly benefits for customers earning less than their application income:
- Employed / Self-employed: £1,500
- NHS Workers: £3,000
Listen to our experts
L&G proposition improvements
This session will give an update on the recent L&G’s propositional changes.
Being goal focused (CPD Accredited)
This session will explore how to focus on customer goals as a tool to introduce protection to the conversation.
Life insurance
Flexible cover that can be tailored to offer financial protection for your client’s loved ones with the option to add critical illness cover. Access to Wellbeing Support included as standard, provided by RedArc Assured Limited.
Critical illness cover
Comprehensive policies to make a difficult time a little easier. Available with life insurance or Family and Personal Income Plan. Access to Wellbeing Support included as standard, provided by RedArc Assured Limited.
Income Protection
Tailored plans to help protect your client’s income and wellbeing if they can’t work because of an illness or injury. Includes access to Wellbeing Support* and Rehabilitation Support Services as standard.
*Provided by RedArc Assured Limited
Business Protection
Our business protection products are designed to be comprehensive and flexible, so you can offer cover that’s made to protect every company, key person, partnership and beneficiary.
Wellbeing Support
When life throws challenges, whether it's illness, injury, bereavement or mental health struggles, your clients need more than just financial support. That's where Wellbeing Support* steps in.
*Provided by RedArc Assured Limited.
Care Concierge
The journey to finding the right care for your afmily can be complex, and finding the right care for yourself or a loved one can be overwhelming. That's where Care Concierge steps in.
Rehabilitation Support Service
When illness or injury takes you out of work, the road to recovery can feel uncertain, and you need fast access to expert help. That's where Rehabilitation Support Service steps in.