Legal & General has improved its immediate cover levels for people taking out life only cover (all types) and term assurance with critical illness cover (for business).
Legal & General has also extended critical illness immediate cover to include those applications taken out for personal loan / mortgage protection, not just for business cover.
The new limits are:
Life maximum sum assured - £3m (previously £2m)
CIC maximum sum assured, business cover - £1.5m (previously £1m)
CIC maximum sum assured, personal loan / mortgage protection - £1.5m (not previously covered)
Russ Whitworth, underwriting and claims director for protection said: "Immediate cover helps people who need cover straight away. This tends to be for high net worth and business applications while we gather the necessary medical evidence. By upping the maximum levels of immediate cover that we are prepared to give, we are being more generous and more competitive."
