Press releases

Legal & General raise medical evidence limits to reduce processing times for customers.

Russ Whitworth - Underwriting & Claims Director Legal & General Insurance
Russ Whitworth
Underwriting & Claims Director, Legal & General Insurance

02 June 2011

Russ Whitworth - Underwriting & Claims Director Legal & General Insurance
Russ Whitworth
Underwriting & Claims Director, Legal & General Insurance

This means that more underwriting decisions will be made at the point of sale, ensuring that customers are able to get the protection cover they need confirmed more quickly.

The key changes are as follows:

  • for Life Cover up to age 35NB (next birthday) the automatic medical evidence limit has increased to £750,001
  • for Critical Illness Cover up to age 30NB the automatic medical evidence limit has increased to £450,001
  • a reduction in the number of blood tests and microscopic urinalyses required.

Russell Whitworth, Underwriting and Claims Director, Legal & General Protection, said,
“ I am pleased that we have been able to make these changes. They allow us to further reduce the processing time for applications. We anticipate that around 6000 extra cases a year will go through without the need for additional underwriting. This supports initiatives we made earlier this year to simplify the application in our determination to make it much easier and quicker for customers to obtain the protection they need.”

Notes to editors

The information contained in this press release is intended solely for journalists and should not be relied upon by private investors to make financial decisions.

Medical Evidence Limits
The limit for the first piece of automatic evidence for life applications for ages 18NB(next birthday) to 65NB have all been raised

For life applications the first piece of auto evidence up to age 35NB will now be at £750,001(previously £600,001) and for Critical Illness Cover, up to age 30NB it will be £450,001 (previously £400,001).

Exercise electrocardiograms (ExECG)
The limits for Exercise electrocardiograms(ExECG) have also been reviewed and will not be required for Life Contracts until the sum assured exceeds at least £1million for older lives. We have also raised these limits in respect of Critical Illness contracts with ages 51NB to 60NB not requiring ExECGs until the sum assured is £600,001 or greater and for ages 61NB and over the limit is now £500,001( previously £450,001 respectively).

New Age Bands
Critical Illness cover – up to 30NB, 31NB to 35NB and 36NB to 40NB
Life Cover – 65NB to 70NB and over 70NB to 74NB and 75NB and over


For more information please contact:

Alyson Bowcott

Alyson Bowcott
PR Manager, Legal & General Group

t: +44 (0) 20 3124 2092
m: +44 (0) 7764 582574
e: alyson.bowcott@landg.com


About Legal & General

Legal & General Assurance Society Limited.

Registered address:
One Coleman Street
London EC2R 5AA.
Registered in England 166055.


Close
Loading...