WOL
Legal & General has launched a new whole of life (WOL) product with guaranteed premiums for the length of the policy. The Whole of Life Protection Plan is a pure life assurance policy with no investment element or surrender value. Legal & General is marketing the product as a means of managing any Inheritance Tax (IHT) liability. Legal & General's move into the small WOL sector sees the company join Skandia and Canada Life as the only providers offering guaranteed premiums. Simon Gadd, protection products director at Legal and General, said the need for such a product was greater than eve...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
