Legal & General is a well-established financial services company in the United Kingdom, offering a range of life insurance products to help individuals and families protect their financial security. Here are the main life insurance products typically offered by Legal & General:
Term Life Insurance: Legal & General provides term life insurance policies that offer coverage for a specific period, such as 10, 15, 20, or 30 years. Term life insurance pays out a lump sum, known as the death benefit, to the beneficiary if the insured passes away during the term of the policy. This type of policy is often chosen for its affordability and simplicity.
Whole of Life Insurance: Legal & General offers whole of life insurance policies that provide coverage for the entire lifetime of the insured, as long as premiums are paid. Whole of life insurance policies also include a cash value component that accumulates over time and can be accessed by the policyholder through withdrawals or loans. This type of policy provides permanent coverage and the potential for cash value growth.
Critical Illness Cover: In addition to life insurance, Legal & General may offer critical illness cover as an optional add-on or rider to a life insurance policy. Critical illness cover provides a lump-sum payment if the insured is diagnosed with a covered critical illness or medical condition during the term of the policy. This benefit can help cover medical expenses, living expenses, and other financial obligations during a difficult time.
Over 50s Life Insurance: Legal & General offers over 50s life insurance specifically designed It is important to be aware of what is excluded from your L&G life insurance policy before you buy. For further details on these exclusions, take a look at your policy documents. The company won’t pay out if death is a result of the following:
Suicide
Taking part in a dangerous sport or pastime.
Taking part in any aerial flight other than as a fare paying passenger on a licensed plane.
Committing, attempting or provoking an assault or criminal offence.
War, riot or civil commotion.
Drugs or alcohol.
Accidents that happened before you applied.
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