Unum slashes 20% off income protection

From midnight tonight most clients will receive a reduction of between 5% and 20% in the premiums they will pay. Existing clients with reviewable rates will also see their premiums change in line with the new rates in due course. Unum has also increased the maximum benefit available to a £200,000 a year limit to attract more high earners. Unum will provide a tax-free benefit of up to 50% of gross earnings, including dividends and P11D benefits, with no deduction for state benefits, under its personal income replacement plan. The company has also removed its standard medical underwri...