March 2010 - Changes to our Mortgage Payment Protection Insurance (MPPI)

Legal & General Insurance is making changes to our MPPI policy terms and conditions for both new and existing customers.

In October, the insurance industry reached an agreement with the Financial Services Authority with regards to MPPI. This was to ensure that all variation and cancellation clauses, in new and existing MPPI policies, are fair and appropriately disclosed to customers.

New Business

All MPPI policies that are quoted on or after 22 March 2010 must be under the terms of our revised product and must be supported by our updated policy and key features documentation.

The key changes to our policy and pipeline process are outlined in our MPPI summary of changes document and further information can be found in our changes to MPPI policy wording table.

New policy booklets and key features documents have been produced and are available to order via online ordering now - please ensure that you have a stock of new items ready to use from the 22 March 2010.

Existing Business

A separate communication detailing the changes that will be made to our existing customer policies will follow shortly.

For further information contact your Legal & General National Account Manager.

Alternatively, please contact IFA Support on 0800 316 5864*, option 2.

*We may record and monitor calls.