Legal & General has extended its critical illness (CI) policy expiry age to 70 while allowing multiple claims for children.
The changes are in addition to an improved third degree burns definition and increased coverage of up to £3m. Coinciding with the government's scrapping of the default retirement age, the provider explained that lengthening its age range was increasingly important in modern society. "We recognise that trends show we are living longer and may have to work past retirement age of 65 due to financial pressures," it said. "Many people may now find themselves working over the age of 65, for a variety of reasons, either to help fund their retirement, because they want to work longer or to...
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