Bright Grey, the protection specialist arm of Royal London Group, has enhanced its guaranteed rates by adding indexation to life and critical illness cover.
Kevin Stevens, Head of Intermediary Sales at Bright Grey says: "With increasing utility bills, food, drink and fuel prices contributing to the rise in the cost of living it makes sense to consider indexation. Adding indexation offers excellent value for money by maintaining the true value of a client's protection. It also means that Bright Grey has increased the options on guaranteed rates with the addition of indexation to Life or Critical Illness cover and increased the maximum term from 30 to 40 years.
Indexation can be added at a fixed rate between 2% and 5% for Life or Critical Illness cover on guaranteed rates, or linked to the Retail Price Index.
Critical illness insurance: News update: April 2008