L&G have said the changes will lead to a simplified application process, with customers needing to provide less financial information.
Russ Whitworth, underwriting and claims director for Legal & General Protection, said: “L&G is committed to ensuring that our underwriting philosophy is market-leading.
“We felt there was scope to make these improvements to simplify the application process for larger sums assured. We’re streamlining the amount of information our customers need to provide in order to get cover as well as speeding up their applications, which will benefit thousands of customers each year.
“Two key market segments that we see benefitting from this are the high net worth and business protection markets, however we are confident that our enhanced proposition will be appreciated by all L&G protection customers.”
Full details of all of the new requirements are on the L&G underwriting website.
