Legal and General ups group income protection cover benefits
Tue, 15 Dec 2009
Legal and General (L&G) has increased the maximum benefit on its group income protection scheme from £300,000 to £350,000 for all new and switching schemes.

The firm has also removed the 35 per cent of scheme earnings (up to a maximum of £50,000) restriction on pension contribution cover and replaced it with a maximum of £75,000.

Glenn Laming, sales director for group protection said: "As a major player in the group income protection market, we are constantly reviewing our proposition to ensure it's meeting the needs of businesses today. We have seen a demand for higher benefit levels and so we've responded."

L&G now succeeds in getting two out of three people suffering from stress back to work within 12 months of starting to claim for benefit. Much of this is achieved by early intervention and employers being incentivised with a 5 per cent bonus to notify L&G about all absences between the fourth and sixth week of absence.
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