Earlier this year, Legal & General (L&G) announced that new customers with index-linked cover can now decline increases up to three consecutive times before indexation is removed.
The insurer introduced the benefit alongside various enhancements to its critical illness cover (CIC) and income protection (IP) propositions.
L&G enhances CIC and IP but drops fracture cover
L&G has today extended this flexibility to existing customers with index-linked life insurance, whole of life (WOL), CIC, and IP upon reaching their policy anniversary from 1 January 2026.
These policies are designed to keep pace with the cost of living by linking premiums and the cover amount to the Retail Prices Index (RPI).
Pippa Keefe, commercial director for retail protection at L&G, said: “This enhanced flexibility ensures that existing customers will also benefit from more flexible, future-proof protection that evolves with their needs.
“The enhancement also demonstrates our ongoing commitment to listening to valuable feedback from our network and delivering positive outcomes for advisers and their clients for both new and existing policies.”
