Published on 10/05/2012
ActiveQuote is pleased to announce the addition of a new product to its income protection comparison system: Lifestyle Cover from Legal & General.
Lifestyle Cover is a 5 star Defaqto rated short-term income protection policy. It will pay you a monthly benefit for up to 12 months if you cannot work due to an accident, sickness or involuntary unemployment. Lifestyle Cover replaces L&G's MPPI product.
Lifestyle Cover is an annually reviewable policy linked to income rather than any specific loan agreement. You can choose to protect against accident, sickness and unemployment, accident and sickness only, or just unemployment.
Lifestyle Cover offers a monthly benefit of up to 65% of your gross income or up to £3,000, depending on which is lower.
The product also offers a choice of four deferred periods: 30, 60, 90 or 180 days. Because the premiums depend on a number of factors, including age, postcode and occupation, Lifestyle Cover can be significantly cheaper for some customers than other plans on the market.
L&G also offer easy switching from existing policies with no break in unemployment cover. Director for general insurance business, Mark Holweger, said:
"We believe Lifestyle Cover gives customers, and their families, valuable peace of mind by helping to meet the challenging and changing demands on financial budgets and homes, when it is needed most."
You can compare Lifestyle Cover with other leading income protection policies online with ActiveQuote now.
© ActiveQuote Ltd. 2012Categories: Income Protection