Bright Grey cuts its life and critical illness cover rates

Bright Grey has reduced its life and critical illness (CI) cover rates. Male clients seeking level or decreasing cover are set to see the biggest cuts, with a non-smoker, aged 40 on a 20-year term decreasing life cover of £200,000 paying £17.50 - a saving of £1.78 a month. The reductions come despite speculation that regulation may prove to have a negative impact on protection rates. Meanwhile, Norwich Union has also slashed protection rates with life premiums dropping by an average of 3% since the beginning of January.