AIG reverts children's critical illness cover proposition

The changes made to the provider's Your Life Plan were issued in October 2020, with the aim to simplify children's critical illness payments by shifting to a fixed monetary sum model. However, AIG has now returned the cover to its original state,  after receiving mixed opinions from advisers who argued that the additional fixed cost of £7.50 per month for the children's cover appeared expensive, according to CIExpert's Alan Lakey The update will reduce the cost of the optional child-cover component with the additional benefit of allowing two child claims to an overall total of £75,000...