The best CIC product on the market? In our opinion yes but just look at the improvements we’ve made:

1) Increased the number of critical illnesses covered by four to 39

2) Increased the number of abi+ illness definitions to 11 - more than any other insurance provider (Correct as of May 2010)

3) IMPROVED CHILDREN’S COVER

• We've increased the maximum payout to 50% of the sum assured, or £25,000, whichever is lower. For Family and Personal Income Plans only, we will pay 60 times the chosen monthly benefit or £25,000 whichever is lower.
• Minimum entry age is now 30 days old.
• The survival period for children is now 14 days. 

4) IMPROVED OUR GUARANTEED INSURABILITY OPTION (GIO) EVENTS

• Maximum age to exercise a GIO is now 55. 
• Maximum sum assured for each GIO event is now the lower of 50% sum assured or £150,000. 
• Maximum a client can increase their cover for all GIO events is now £200,000. 
• We've introduced a new GIO event for salary increases due to a new job or promotion, your client can increase their cover by the same percentage in their salary.

5) LIFESTYLE FLEXIBI LITY

• Clients can now apply for a change in the amount of cover, policy length and/or switch from a joint policy into a single one. 

6) Extended waiver of Premium*

• There’s now no age restriction for waiver of premium claims. Waiver can continue until the end of the policy term if your client fulfils the definition of incapacity.

7) More Open

• All our general exclusions except for suicide in the first year of the policy, have been removed, making our cover as transparent as possible.

8) INDEXATION*

• When indexation is chosen your client's cover and premiums are reviewed each year. Indexation is only available on the following Critical Illness products, FPIP+CIC and FPIPCIC. For more information on the other products Indexation is available on please speak to your usual Legal & General contact.
  

9) PAYMENT REDUCTION IS AVAILABLE FOR CANCER EXCLUSIONS

• Your client can benefit from a reduction in the premiums paid if we apply an exclusion for all types of cancer on their Critical Illness Cover policy. This helps ensure they only pay for cover they need.

SPLIT SUM ASSURED FOR TERM AND CIC AND PREMIUM DISCOUNTS 

Also available for online menu applications via OLP Connect, helping you to meet your client’s protection needs more easily.

 

*Terms and conditions apply. Please see our key features document for more information on the policy benefits and limitations.