Legal & General (L&G) has announced that existing customers with increasing cover (indexation) protection policies will gain new flexibility, allowing them to decline annual cover increases for up to three consecutive years while keeping the option available for future use.
The enhancement, already introduced for new customers in April 2025, will be extended to existing policyholders from 1st January 2026.
It applies across L&G’s life insurance, critical illness cover, whole of life protection and income protection policies.
The change means policyholders can better tailor their cover to their circumstances, offering greater choice and control without losing the long-term benefits of inflation-linked protection. Increasing cover policies are tied to the Retail Prices Index (RPI), helping claim values retain their real-world value against rising costs.
Pippa Keefe, commercial director of retail protection at Legal & General, said: “This enhanced flexibility, which was offered to new customers in April, ensures that existing customers will also benefit from more flexible, future-proof protection that evolves with their needs.
“The enhancement also demonstrates our ongoing commitment to listening to valuable feedback from our network and delivering positive outcomes for advisers and their clients for both new and existing policies.”
