Legal General Life Insurance

Legal General Life Insurance. Fact! If you don't compare them against the market now it could cost you £1000's. Compare the life insurance market.

Legal and General Life Insurance

Legal & General offer award winning life assurance. Their protection policies allow you to cover your family and loved ones in the event of your death. You can choose whatever amount you need and you choose the period of time that you want life cover for. The premium, which is the amount you pay each month, will not change over the life of the cover, unless you change the policy. This is often called guaranteed premiums, and not all life insurance policies have them. You can also find a wide range of additional benefits such as accidental death benefit, which are available at no extra cost.

At lifedeal we always say the most important part of choosing an insurer, is the consideration "will be around in the future to pay out?". So choosing a big name like L&G provides that confidence.

You can choose a range of cover to suit most family requirements: including critical illness cover, mortgage life insurance, simple life insurance and over 50s life insurance.

The company

Legal and general inc. is a British financial services offering company which is presently located in London. The company regularly features in the London Stock Exchange. The company mainly targets the United Kingdom region, but as an extension of the business it also has operating centers in various other countries like Netherlands, France, US and Germany. The major areas of business concentration for the company are insurances, pensions and investments. This company is considered to have a really strong network as it has the rights to go ahead and sell its products to the customers of various other companies offering financial services such as the Royal Bank of Scotland, Barclay’s Bank, Bank of Ireland and etc. In the year 2009, the company joined hands with Bank of Baroda and Andhra Bank and formed the India First Insurance company. John Stewart and Tim Breedon are the CEO and the chairman of the company respectively.

Their history

Originally, Legal and General Inc. was founded by a group of six people- John Adams and other lawyers in the year of 1836 in a small local coffee shop. Initially, when the company was formed, it was named as the New Law Life Assurance Society and was strictly to be used only by lawyers and not a person from any other profession. Soon the name was converted to Legal and General Life Assurance as the company policies were made public partly since the share ownership was restricted to only those who were lawyers. With due passage of time, the company gained popularity all over the world and soon the company was handling pension plans of the New York life insurance company and then they transferred their base to Australia as well. The New York and the Australia divisions were then merged with the company totally to finally give rise to Legal and General Group.

Types of Life Cover available

Legal and General deals majorly in the field of insurance. Other than life assurance, they also offer services in other forms of insurances such as-home insurance, contents insurance, building insurance and student’s possession insurance. In case of life insurance, their age limit offered is 70 years old. One of the best things about this insurance policy is that one gets to pick and choose their level term or their decreasing term cover and most importantly the premium rate on the monthly basis does not change throughout the term of the life insurance. Now coming to the other types of insurance schemes offered like the home insurance policy is for insuring the home one has, so that incase of any damage and harm to the house, people can have a back up plan to provide funds for the damaged set of property and etc. There are also various insurance schemes for the car and for annual holiday packages.

Reviews

review On this link you can find reviews on L&G Life assurance. Though there are not many reviews, but it is clear from the few reviews which are present there that the customer service is very good, but sometimes they respond very fast and sometimes they work slowly; again that varies from case to case. As per the reviews, the rating given to the them is 2 out of 5. If you have any experience of their protection cover, please take the time to fill out a review and help future customers.