Legal General Over 50 Life Insurance

Legal General Over 50 Life Insurance. Fact! If you don't compare over 50 plans you will not get the lowest price. Choose the best policy and save £1000s.

Legal and General Over 50 Life Insurance

Legal and General Life Insurance are one of the largest insurance underwriters in the UK and offer a wide range of plans that include life insurance specifically tailored for those aged over 50.

This plan allows you to leave a lump sum cash payment for your loved ones so they don’t have to worry about how they are going to pay funeral expenses and other unpaid bills. Taking out a plan will ease any financial burden on your family when you die.

Looking at the different insurance companies available for over 50s life insurance, no one can match up to the popularity of Legal & General Life Insurance. The life Insurance company offers three packages under its umbrella, which are The Fixed Plan (with fixed monthly premiums), The Increasing Plan (to deal with the effects of inflation), and The Funeral Plan (cover the expenses of a customary cremation funeral).

Details of the Company

Legal & General is a big name in the world of life insurance companies. The company was established in the 1836, by six key persons. The headquarters of the company is based in London. For 175 years, they have earned a huge reputation among their customers. As a result of its reputation, it has managed to build a huge base of customers, which has now reached 6.9 million. Insurance has always been their price focus. However, apart from life insurance, the company has also created landmarks in the areas life general insurance, investments, and pensions. The company boasts of being the largest pension fund manager in UK. The current revenue of the company stands around £320 billion, which is almost 4% of all London-listed equities.

History of the Company

Like I said, Legal & General was established in 1836, by six key persons. The Sergeant John Adams and five lawyers were the founders of the company. Initially, the company was known by the name of New Law Life Assurance Society. Later, the name of the company was changed to Legal & General Life Assurance Society. Very soon the company stretched its wings in the other parts of the UK. During the period of 1930, Legal & General acquired numerous life insurance companies. It purchased a pensions business from one of the prominent life assurance company, Metropolitan Life Assurance Company of New York, In the year 1956, the company started its operations in Australia. John Stewart is the current Chairman of the company, and Tim Breedon is the working CEO of the company. And, each year the company is achieving new heights in the various niches of financial services.

Other life insurance plans

Apart from the three types of over 50s life insurance, which are The Fixed Plan, The Increasing Plan, and The Funeral Plan; there are numerous insurance plans under the umbrella of Legal & General insurance company. Such as:

• Life Assurance
• Mortgage term assurance
• Mortgage decreasing term assurance
• Critical illness cover

Review

There is no doubt that they are one of the most highly respected insurers and underwriters in the UK. Most reviews online say how happy they are with the cover and the competitive prices. You can read a small number of reviews online at reviewcentre and also leave reviews of your own to let other customers know about your experience.