Legal & General
life insurance review

Legal & General life insurance secures the financial future of your loved ones if the worst were to happen to you.

Monthly premiums are paid throughout the life of your policy; if you pass away whilst the policy is valid, a pay out is issued to your loved ones.

To avoid any confusion, Aviva and Legal & General are not the same company.

Whilst offering a very similar array of services, they're both independent companies and are not connected in any way.

Like most life insurance providers, Legal & General don't add exclusions to their policies.

Therefore, death by any means is covered and a pay out will be made to your loved ones as a result.

The exception to this is suicide which won't be covered as a cause of death within the first 12 months of a policy.

Level term life insurance with Legal & General starts from as little as £6 a month.

Cover can be put in place for 1-50 years; if death occurs within this period, a lump sum pay out will be made to your beneficiaries.

The pay out remains fixed throughout the policy, therefore, regardless of when you pass during the term, your loved ones can be certain of the amount they'll receive.

This type of life insurance is ideal for covering fixed costs such as:

• Interest-only mortgage
• Funeral costs
• Daily living costs
• Clear outstanding debt
• Inheritance

At Reassured, we sell level term cover from the market-leading insurers.

Contact us today to ensure you're receiving the very best deal.

Mortgage life insurance typically refers to level or decreasing term cover depending on the type of mortgage you have.

It's taken out to ensure an outstanding mortgage balance can be paid if the worst were to happen to you.

This avoids a significant financial burden falling onto loved ones and ensures they can remain in the family home.

Level term cover is well suited to cover an interest-only mortgage (as the capital borrowed doesn't decrease).

Whilst decreasing term cover is typically taken out to cover a repayment mortgage.

Both level and decreasing term cover only pay out if you pass away during the set term.

Due to the complexity of the product, Legal & General only sell whole of life insurance policies through an advisor.

A whole of life policy remains in place for the rest of your life, therefore, guaranteeing a pay out when you die.

This type of policy is ideal if you want to ensure your loved ones receive a pay out, but if taken out too early it's possible to pay more in than the overall sum assured.

If this is the type of life insurance policy you're looking for, at Reassured we work with a number of insurers who offer this policy.

Simply get in touch to arrange the best cover for you.

When arranging life insurance with Legal & General, you'll be entitled to an Amazon or M&S gift card worth £100.

Policies must be arranged directly through Legal & General and you'll not receive your free gift until you've paid your 6th monthly premium.

It could take up to 30 days for you to receive your gift card.

The good news with this offer is, unlike other insurers, the amount you receive is not based on the premium cost, making you eligible for the full £100 regardless of how much you pay.

Whilst everyone loves to get something for free, £100 in comparison to the lifetime value of your policy is fairly insignificant.

Therefore, primarily it's far more important to ensure that you get the right cover to meet your needs.

At Reassured we can discuss this with you and provide you with all the information you need to make an informed decision.

Like all other policies provided through Reassured, Legal & General policies we secure on your behalf come with terminal illness cover as standard.

This means that if you're diagnosed with a life-threatening illness and given less than 12 months to live, you can make an early claim.

An early pay out could be used to enable you to get your finances in order, pay for private medical treatment or to simply enjoy your final days with those you love.

Writing your Legal & General policy in trust hands over the rights of your policy to a trustee upon your death, (similar to an executor of a will).

At Reassured, we offer a free service to help you write your Legal & General life insurance policy in trust.

We'll talk you through the entire process, answer any questions you have and help decipher jargon to provide you peace of mind that your application is correct.

It's possible to cancel your Legal & General life insurance at any point during the policy.

If cancelled within the first 30 days, any premiums paid in will be refunded.

After this period, if cancelled, all of the money paid into the policy will be lost.

Upon cancellation, your life insurance cover will immediately cease.