L&G refines joint life policies

The insurer is now offering single life policies to those who would previously have had their joint life policy cancelled as a result of non-disclosure from their partner. Traditionally on joint life plans where one of the policyholders dies during the term, if there is evidence of reckless or deliberate non-disclosure the claim would be declined and policy cancelled, leaving the surviving policyholder without cover. This person could then potentially face much higher premiums if they were to apply for a new policy and their health had deteriorated in the intervening period. L&G wi...