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Adviser Bulletin - Group Life Update

September 2007

In Summary

This bulletin summarises changes to the current terms for our Group Life products for redundancy cover, late entrant terms and extended cover.

Following a recent review, we are pleased to announce some improvements to our Group Life policies which will come into effect on 1st October 2007. These changes are in respect of Redundancy Cover, Extended Cover and Late Entrant Terms which are as follows:

Redundancy Cover

This is the continuance of Group Life Cover for a member who has been made redundant and the normal maximum cover period has been extended from 12 to 24 months. Please note that if selected, the employer continues to pay premiums for these members. This must be selected at the start of cover provided by Unum and will apply to all members.

Late Entrant Terms

Our current terms for including Late Entrants for Group Life for benefits below the Free Cover Limit will now be as follows:

If joining within 6 months then only the ‘actively at work’ requirement applies. If joining within 6 and 12 months then the member must satisfy the ‘actively at work’ requirement and complete a scheme member’s application form for underwriting any benefit over £250,000 (or in excess of the FCL if lower).

If joining after 12 months the late entrant must complete a scheme member’s application form for underwriting the whole benefit. (All amounts include capitalised DISP).

Please note that the completion of a scheme member’s application form may result in further medical evidence being required.

No cover is provided for benefits being underwritten in respect of a Late Entrant until we issue acceptance terms.

Extended Cover

The requirements for continuing cover past Normal Contractual Retirement Age (NCRA) have been amended and are set out in the following tables:

**Normal Contractual Retirement Age (NCRA) Amended**
	60-65 Below FCL	60-65 Above FCL	65-70 Below FCL	65-70 Above FCL
	NCRA Increasing to 65		NCRA Increasing to Beyond 65
Existing Members below current NCRA	Cover can be amended subject to AAW on the date of the change. If AAW not satisfied then NCRA will not be extended until member returns to work and completes 5 days continuous service	Cover can be amended subject to AAW on the date of the change up to - maximum benefit of £3 million - acceptance terms of up to +200% mortality	Cover can be amended subject to AAW on the date of the change. If AAW not satisfied, NCRA will not be extended until the member returns to work and completes 5 days continuous service	Cover can be amended subject to AAW on the date of the change up to - maximum benefit of £3 million - acceptance terms of up to +200% mortality
Members over current NCRA (re-joiners) including those joining company after NCRA	Cover will be reinstated subject to strict AAW. If strict AAW not satisfied then full medical underwriting will be required	Benefit in excess of FCL will be fully medically underwritten. Previous decisions will not be accepted as there has been a break in cover	Cover will be reinstated subject to strict AAW. If strict AAW is not satisfied then full medical underwriting will be required	Benefit in excess of FCL will be fully medically underwritten. Previous decisions will not be accepted as there has been a break in cover

Normal Contractual Retirement Age not Amended
However all members working beyond 65 are to be insured
	65-70 Below FCL	65-70 Above FCL
Existing Members below current NCRA	Cover can be continued beyond Contractual Retirement Age, up to a maximum age of 70, subject to Strict AAW for each member on the working day prior to reaching Contractual Retirement Age	Cover can be amended subject to Strict AAW for each member on the working day prior to reaching NCRA up to - maximum benefit of £3 million - acceptance terms of up to +200% mortality
Members over current NCRA (re-joiners) including those joining company after NCRA	If rejoining within 3 months of passing the NCRA, and providing the member has been in continuous service cover can be reinstated subject to AAW, on the date all members above the NCRA are reintroduced. If the member is not rejoining within 3 months of passing NCRA or had not been in continuous active service then medical underwriting will be required. New employees joining aged over NCRA can do so subject to normal AAW	If cover has ceased at NCRA and is to be reinstated, medical underwriting will be required on full benefit

If you have any questions regarding this Adviser Bulletin, please contact your Sales Consultant.

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