Universal Provident increases LivingCare insurable benefits

clock • 1 min read

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 - or otherwise - to perform Activities of Daily Living.

The policy has no investment element.

 

More on Income Protection

Cirencester Friendly joins ABI

Cirencester Friendly joins ABI

IP awareness

Cameron Roberts
clock 24 April 2024 • 1 min read
Stonebridge adds new Homeowners Income Protection to offering

Stonebridge adds new Homeowners Income Protection to offering

Partnership with Wessex Group

Jaskeet Briah
clock 16 April 2024 • 2 min read
Dentists' Provident releases annual report

Dentists' Provident releases annual report

£5.2m paid in sickness claims

Cameron Roberts
clock 12 April 2024 • 1 min read

Highlights

COVER Survey: Advisers damning of protection insurer service levels

COVER Survey: Advisers damning of protection insurer service levels

"It takes longer than ever to get underwriting terms"

John Brazier
clock 12 October 2023 • 5 min read
Online reviews trump price for young people selecting life and health cover

Online reviews trump price for young people selecting life and health cover

According to latest ReMark report

John Brazier
clock 11 October 2023 • 2 min read
ABI members with staff neurodiversity policy nearly doubles

ABI members with staff neurodiversity policy nearly doubles

Women within executive teams have grown to 32%

Jaskeet Briah
clock 10 October 2023 • 3 min read