AXA has reduced the premiums across a range of its protection products, with an average cut of 1.5%.
The firm has revised its rates for Level Life Cover, Decreased Life Cover, Guaranteed Level Life or Earlier Critical Illness Cover, and Guaranteed Decreasing Life or Earlier Critical Illness Cover.
The largest drop is in Decreasing life Cover for a 35-year-old female smoker, with a cut of 21% - from £14.67 to £11.58 a month
There are also cuts of 12% (Level Life Cover), 17% (Joint Life Cover), and 8% (Decreasing Life or Earlier Critical Illness Cover).
AXA says some of the premium changes will remain the same, while some could increase.
Iain Mallon, director of protection marketing at AXA, says: “We are committed to ensuring that the AXA Protection Account combines competitive rates with quality covers.
“This is demonstrated by the Five Star ratings awarded by Defaqto, for Level Term with Critical Illness and Decreasing Term with Critical Illness covers."
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