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  • Income Protection

L&G tweaks IP due to coronavirus

‘Uncertain times’

L&G tweaks IP due to coronavirus
  • Adam Saville
  • Adam Saville
  • @AdSaville_COVER
  • 23 March 2020
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Legal & General (L&G) has temporarily removed its two-week deferred period for income protection

Only recently added to its offering, the feature, which pays out to policyholders off work for longer than two weeks, has been reset to four weeks for new applicants. L&G said it will honour claims made as a result of being diagnosed with COVID-19 for existing customers in line with its usual terms and conditions (T&Cs). Its products terms state that individuals would need to have a medical condition to qualify under its T&Cs. A spokesperson said: "In uncertain times, we would like to offer...

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