Universal Provident has increased its maximum initial insurable benefit under LivingCare, its long term disability insurance policy, from £20,000 to £35,000 per annum.
The change to its long term disability insurance policy comes as a result of adviser feedback. Once in payment, the medical and protection insurance provider will increase benefits in line with RPI every year. Dale Tranter, assistant underwriter at universal Provident, said: "Some advisers have been telling us that £20,000 is not high enough for their clients' needs. "We have listened to this feedback and this change will hopefully enable them to support us going forward." LivingCare provides insurance against long term disability, claims being assessed on the client's ability -...
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