Transparency for "free cover" limits

In a move designed to bring greater transparency Royal & Sun Alliance has simplified it's "free cover" limits on group income protection schemes. Evidence of health "free cover" limits will now be expressed as an amount of member's salary, rather than an amount of benefit. This will allow the member and the IFA if determine the "free cover" available, without the need for complicated calculations, Royal & Sun Alliance says. Free cover is the level of cover available under a group scheme before a member is required to provide evidence of good health. Peter Anderson, corporate market...