PPS Mutual revamps life product range

Among the changes to its Professionals Choice product range, applying to all existing and new policies, include moving from a 12-month to a 24-month terminal illness definition within its life cover, and enhancing a range of trauma definitions including prostate cancer, stroke and coronary artery bypass surgery, according to a statement.

Business Expenses benefit payments within its Professionals Choice range will be also extended, meaning members will be able to access additional Business Expenses payments beyond the first 12 months of their initial claim if they have not yet reached their full benefit entitlement, PPS Mutual said.

In addition, Business Expenses payments have also been widened to cover both interest and capital on loans.

PPS Mutual director of proposition Matthew Pilcher said the products are designed to be top-quality and tailored for the needs of professionals.

“The suite of enhancements have been passed back to all our members so that everyone is on the same product series,” Mr Pilcher said.

“Additionally as a mutual insurer, our members benefit directly from sharing in the profit of the insurance that they buy.”