Professional Adviser's protection detective Kevin Carr delivers his verdicts on five key developments in the protection space in the last month...
1. Handle with care AIG Life has launched a new whole of life insurance product which is designed to protect the assets of customers should they no longer be able to live independently or leave a financial legacy to loved ones when they die. Customers can buy up to £400,000 of AIG Care Cover and receive 75% of the sum assured (up to £300,000) if the insured person is diagnosed with a medical condition which means they are permanently unable to complete three or more everyday tasks. Should the insured person not need to claim the care cover benefit, the insurance will pay 100% of...
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