This is the ultimate review to guide you through the ins and outs of Legal and General life insurance. You might already know that Legal and General has several different contract options.
Some are great. Some are less useful. Some are simply too expensive.
So, if you want to get better value for money from your insurance contract, as well as indicative quotes and tips to lower your insurance premium, then you’ll probably love the following article.
Let’s dive right in!
Table of Contents
Is Legal and General the best life insurance for you?
When taking out life insurance, there are so many things to think about. Life insurance is one of the most important insurance plans to have, as it is the best way to protect your loved ones if something happens to you.
Legal and General life insurance has a lot to offer. Here are the main points that you should look at before taking out life insurance with Legal and General.
4 Safe overall rating for Legal and General
|Rating Criteria||Safe Rating||Our Review|
|Customer service satisfaction, claims and support|
Average rating of 3.4/5 on TrustPilot.
Legal and General provides Over 50s cover.
|Value for money|
A £100 voucher is given to customers who buy life insurance policies to spend at either M&S or Amazon.
Legal and General has been in operation for about 182 years
|Apps and technologies|
Quotations can be gotten online.
Expert and customer satisfaction reviews for Legal and General
|Review organisation||Consumer satisfaction rates for Legal and General Life insurance|
|Trustpilot||3,4/5 based on 9,824 reviews|
Legal and General insurance in a nutshell
In summary, here are the main features you need to know when taking out life insurance with Legal and General.
|Criteria||Legal and General details|
|Minimum age||18 years|
|Maximum age||77 years|
|Life insurance with free gifts||A £100 gift voucher is given to policyholders|
What are Legal and General life insurance policy types?
When choosing life insurance, you have to make a lot of important decisions. You have to choose between different policy types to find which one would best cover your needs. As the first big choice, you have to choose between:
- Term life insurance. Term insurance splits into two types: level term or decreasing insurance. If you choose a term insurance, once again you would have to choose between these two. Sometimes, there is an increasing term insurance option.
- Whole of life insurance. This insurance will pay out when the policyholders die. Not all insurers offer this type of coverage.
What is Legal and General term life insurance?
There are two term life insurance options:
- Level cover guarantees that your loved ones get a payment if you die during a specific period of time. You will receive the same amount during a fixed period. Life insurance can be for 5,10, 20 years, etc., depending on your needs.
- Decreasing cover guarantees that your loved ones get a payment if you die during a specific period of time. The amount decreases over the policy term. It is really useful if you have a loan, as the price tends to decline over time. You can choose an increasing cover as well.
|Criteria||Legal and General life insurance|
|Minimum term||1 year|
|Maximum term||50 years|
|Minimum monthly premium||£6|
|Extras or any interesting facts|
Should you take level or decreasing term life insurance?
Legal and General offers two types of term life insurance: one is level life insurance, the other one is decreasing life insurance.
|Legal and General term life insurance (level)|
|Legal and General decreasing term life insurance, also known as life insurance for mortgage|
Some providers also propose increasing life insurance, which is a similar concept as decreasing life insurance, but with the premiums getting higher rather than lower.
Life and General insurance doesn’t propose this type of insurance.
Can you take out a Legal & General plan life insurance with someone else?
Yes, you can either have a single or a joint policy at Legal and General.
Taking out a joint policy covers two people that are together under the same policy. In the end, it is cheaper than two single policies. It covers both of your contributions to the family. It only pays out once, and the sum will be given to the other partner if one dies. It leaves the surviving member of the couple without life insurance after the death of the first partner.
Taking out a single policy pays for one person only. It pays out the amount chosen. Taking out two policies is more expensive, but you can choose the level you want, and it’s beneficial if the two partners don’t need to be insured at the same level.
What are Legal and General life insurance extras?
You can add these extras at additional cost to your Legal and General life insurance:
|Accidental Death Benefit|
In the case that the policyholder is involved in an accident that leads to death, his/her loved ones will get a payout.
|Child Accident Hospitalisation Benefit|
Legal and General pays a sum of £5,000 in the case that your child has sustained physical injuries and is in the hospital for up to 28 days.
|Family Accommodation Benefit|
|Child Funeral Benefit|
A sum of up to £4,000 is given to add to the funeral costs if one of the children dies.
|Nurse Support Services|
Access is provided for a range of services which is provided by qualified nurses in the case that a loved one dies or a claim is made for a critical or terminal illness.
Should you take out Legal and General life insurance critical illness cover?
What is critical illness cover?
It is an extra that can be added to your policy, or can be combined with your standard life insurance. It pays out if you contract a disease. The illness developed must be specified in your policy contract. The most common illnesses covered are cancer and heart attacks, etc. If you become really ill, your insurance will pay out exactly as if you’ve passed away.
Is Legal and General the best critical illness cover?
Here are the main features when you take out Legal and General life insurance with serious illness:
|Criteria||Overall life insurance and critical illness cover|
The Life and Critical illness cover that Legal and General provides offers the following:
|What should you know about Legal and General critical illness cover?|
How much is Legal and General life insurance?
The big question is knowing how much life insurance you’ll need. Your answer to this question (as well as your age) will mainly determine the price of your life insurance:
However, your life insurance price will also depend on several factors:
- Your medical conditions
- Whether or not you are a smoker
- Which add-ons you add to your life insurance
- Your salary
- The coverage you want
- Whether you take out a joint policy or not
So you must ask yourself the relevant questions for your own situation, for example: Do you have a loan? Do you have savings? Do you have debts? Do you have a family? Does your job offer protection?
How to contact Legal and General life insurance?
Here are all the important phone numbers for contacting Legal and General life insurance:
|Service||Phone Numbers||Opening Hours|
|Get a quote at Legal and General||Not available||Not available|
|How to claim at Legal and General||0800 137 101||Monday to Friday: 9.00am to 5.30pm|
|How to cancel at Legal and General|
|Monday to Friday: 9.00am to 5.30pm|
What are Legal and General general contact details?
You will find in this table all the general contacts that you would need if you want to reach Legal and General life insurance:
Legal & General Assurance
Instagram, Facebook, Twitter, YoutTube
How to claim at Legal and General life insurance?
You will find on this table the different possibilities for reporting a claim on your Legal and General life insurance:
|How to claim on your life insurance at Legal and General?|
|When to claim?|
As soon as possible
|Claim by mail|
Legal & General Assurance
|Claim by email||[email protected]|
|Claim by phone||0800 137 101|
How to cancel my Legal and General life insurance?
You will find on this table the different ways to cancel your Legal and General life insurance:
|How to cancel your life insurance at Legal and General|
|Cancel by mail|
Legal & General Assurance
|Cancel by email|
|Cancel online||Not available|
|Cancel by phone|
How do I get Legal and General life insurance quotes?
Here are the different ways to get a life insurance quote at Legal and General:
|How to get a life insurance quote at Legal and General|
|Quote phone||Not available|
How do I log into Legal and General life insurance?
Go to the Legal and General website, and on the Home Page, click on “Login” option and enter your User ID to gain access to your account.
Do we recommend Legal and General life insurance?
Legal & General was founded in 1836 and in 2016,they paid out 92.56% of all life assurance claims made. This attests to their financial capabilities as an insurance company. They also have a 5 star rating from Defaqto and a 3.2/5 rating from TrustPilot. Legal and General offers a range of life insurance policies, including level term and decreasing term cover, as well as critical illness cover and policies designed for policyholders over the age of 50. They also offer Accidental death benefit and life cover. However, no whole of life policy option is offered. The insurance company is recommended as they have high financial capabilities and a wide range of cover options to pick from at an affordable amount.
Life insurance is a contract between an insurance company and the policyholder. In exchange for an annual or monthly premium, the insurance company agrees to give out to a designated beneficiary a lump sum if the policyholder were to pass away.
Like with other types of insurance, it is a standard procedure: the policyholder pays a premium to a provider, with an agreed level of cover.
Yes, it is worth getting life insurance when people depend on you financially, like your family.
Lots of life insurance providers offer free gifts:
– Royal London
– Legal & General
– Shepherds Friendly
– British Seniors Insurance Agency
How much life insurance in the UK is depends on a lot of factors. However, with our data, we calculate that the average monthly cost of life insurance is £15. Of course, the price will depend on whether you take out joint or single life insurance, and the term of your insurance if you are not taking out a whole life insurance policy.
There are lot of life insurance policy that have interesting features. Depending on these features, you can decide if this life insurance suits you.
To find what is the best life insurance for you, use our tool to compare prices and offers from all the insurers on the market instantly.