Legal & General (L&G) has altered its underwriting criteria for people taking out life insurance and critical illness cover.
Legal & General has particularly targeted high net worth applications for improvement, with the removal of resting ECGs (electrocardiograms) for high sums assured. This reflects a greater focus on large case business.
Russ Whitworth, underwriting and claims director for protection at L&G said: “We felt that there was scope to speed up the process and make it easier for people to take out cover. Therefore, for people under 50, GP reports are no longer the first piece of medical evidence that we will look for, instead focussing on nurse screening examinations, which take up less time.
"There are sums assured where we will not require any medical evidence at all, although this limit varies with age."