Legal & General enhances its Intermediary Income Protection offering and improves IP pricing
3 Jul 2018
Legal & General has today announced an update to its Income Protection Benefit plan (IPB) available through Intermediaries, to enhance the support they are offering to customers when they need to make a claim. This includes greater flexibility for NHS doctors, nurses and surgeons, and more competitive pricing across all occupation classes - including customers in light and heavy manual labour jobs.
NHS doctors, nurses and surgeons have a different sick pay structure within the first 5 years of service and often traditional IP products cannot offer the flexibility needed to support this. Legal & General’s offers the solution by adapting the payment stages to help ensure these key workers receive their monthly benefit when they need it.
This announcement is part of Legal & General’s commitment in the Income Protection market and follows the launch of a rehabilitation support service and the introduction of a two-year benefit term.
The Rehabilitation service, which is available at no additional cost, offers qualifying claimants access to a specialist team of rehabilitation professionals. The service is designed to help customers with a structured return to work programme without the need for waiting for their deferred period to start.
Full press release below
Intermediaries are invaluable to our business and following feedback for greater pricing and support for NHS workers, we have added these benefits to our current income protection offering.
Craig Brown, Director, Legal & General Intermediary