Royal London will not add CI to relevant life

Last week Legal & General confirmed it would not be adding CI to its relevant life plan.  In January 2016, Aviva released a relevant life plan with a critical illness component. Several insurers and industry experts said they would seek further clarification from the revenue on the tax position of such plans before deciding to launch a plan or not. Other industry figures praised the plan's innovation.  Under relevant life plans, policy payments are not taxed as a benefit in kind but industry figures argued that the CI element to the Aviva policy would change this rule, causing poli...