Life insurance company enhances rates

Tue, 22 Apr 2008

Specialist life insurance company Bright Grey have made a but to combat inflation. The life and critical illness insurance provider has added indexation to their critical illness and life insurance rates .

Bright Grey, who are the specialist protection arm of Royal London Group, see the danger of inflation rendering insurance policies less competitive. The indexation can be added at a fixed rate on both types of cover, or it can be linked to the Retail Price Index.

The Head of Intermediary Sales at Bright Grey, Kevin Stevens, reportedly commented: "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."
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