L&G develops protection product for renters

Legal & General's rental protection plan (RRP) consists of rental income protection benefit, rental life insurance and rental life insurance with critical illness cover. The three products, which are available through a single application, have been specifically designed for the rental market to suit individual budgets and needs. It also gives certain tenants the opportunity to increase the amount of cover if their rent increases, if they relocate or otherwise change tenancy agreement without the need to go back through medical underwriting. The RRP product, which has been develope...