Legal & General rolls out Critical Illness proposition updates

The insurer has increased payments for Children's Critical Illness Extra to £35,000 from £30,000, which will apply to policies that have been purchased from 26 March, ahead of the new Consumer Duty regulations on 31 July. Payments for terminal illness pay outs have also increased to £35,000 from £10,000, family accommodation has increased to £3,000 from £1,000 and funeral cover has been doubled to £10,000 from £5,000. L&G has also updated its guaranteed insurability options (GIOs) across all protection products to allow for plan flexibility, allowing limited increases to the sum insur...