Legal & General extends premium waiver age limit across protection products

The change means new applicants up to the age of 64 on their next birthday can add waiver of premium to policies, rather than the previous limit of up to the age of 55. The change in product parameters can be actioned by intermediaries and applies to new policies across term life, critical illness and critical illness extra, Family and Personal Income Plan, Rental Life, Rental Life & Critical Illness and Whole of Life Protection plans. Consequently, for Whole of Life insurance policies, waiver of premium will now cease at age 70. For all other policies listed, the waiver will still ce...