Ageas cuts IP rates and extends own occupation cover

The provider has cut its premium rates and extended the number of vocations now defined as own occupation. It has also produced a range of adviser support materials including a breakdown of product features and a point by point comparison with key competitors. The product now covers 98% of the top 50 quoted occupations under the own occupation definition, including nurses, surgeons, dentists, lecturers, plumbers and electricians. Under the reduced rates Ageas said a 30-year-old male non smoking accountant, looking to retire at 65 and requiring a level monthly benefit of £3,000 unti...