AXA has increased the age limit on its life cover from 70 to 85, in response to changing social trends.
The provider noted advancements in medical science and standards of living have resulted in people living longer than ever before, with the need to protect themselves and their families for longer now paramount.
Despite the increase in age limit, AXA said it will not cap its initial commission for clients whose length of cover takes them beyond the age of 75. Advisers will earn initial commission based on the full term of the policy.
In addition, customers offered standard rates now have 180 days from when the terms are offered in which to take up the offer without completing a Declaration of Health, an increase from 90 days previously.
Iain Mallon, director of protection marketing at AXA, said: "By offering life cover to people up to the age of 85 and increasing the acceptance period to 180 days we are helping people to meet the needs of modern day life. By being flexible and making these changes AXA is ensuring it can meet changing customer needs."Mortgage Solutions
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