Indexation can now be added at a fixed rate between 2% and 5% for life cover or critical illness cover on guaranteed rates or linked to the retail price index.

Bright Grey has also increased the maximum term for life cover or critical illness cover from 30 to 40 years.

Kevin Stevens, Head of intermediary sales said: ‘Adding indexation offers excellent value for money by maintaining the true value of a client’s protection. It also means that cover can be increased every year without the need for medical information.’

He adds: ‘Indexation is an immensely valuable option in the adviser’s toolkit. Selecting the indexation option, at no extra cost, gives their clients the added piece of mind that should they be ill during the term of the plan, they still have the ability to increase their cover.’