Legal and General critical illness and life insurance

Save money on
Legal & General life cover

We discount our rates to offer you the best deal
Lifesaver Direct is a broker to Legal and General
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We save you money on life assurance and critical illness cover by offering the lowest rates

 

Legal and General policies via Lifesaver Direct

When dealing with a company such as Legal and General, you often pay for a consultant's time. Whereas you can buy the same policy through Lifesaver Direct and we are able to bypass the consultant's costs and hand down the saving to you in the form of a discount on the monthly premium.

About Legal and General

Legal & General provide financial security millions of people in the form of the pension fund they have built up over the years. They pay over £650 million in pensions each year to more than 290,000 people. In 2002 Legal & General was involved in arranging around £19.2 billion worth of mortgages through intermediaries, via its Mortgage Club, 8.8% of the UK mortgage market. Their investment management business provides fund management expertise to Legal & General's Retail and Corporate businesses, as well as to trustees of pension schemes and other institutional clients. Total funds under management worldwide were in excess of £124 billion as at 30 June 2003, of which more than 60% were held for external clients

Facts about Legal & General

  • Legal & General is one of Britain's top 50 FTSE companies
  • They have over 4.5 million customers and employ over 8,800 staff
  • Legal & General is involved in 1 in every 10 housing transactions in the UK (12 months to December 2002)
  • Legal & General has funds under management in excess of £124 billion worldwide as at 30 June 2003.
  • They also have operations in the USA, France, the Netherlands and Germany, as well as the UK

    • Save money on life assurance

    Premium rates have come down as a result of

  • Improved health standards – i.e. people are living longer
  • Insurance companies have become more competitive

    • Save money on mortgages

    Mortgage rates have improved as a result of:

  • More competition between providers
  • Greater choice for more people

    • General explanation

    Why you can save money on life assurance and critical illness

    Over the course of the last 18 months to 2years protection costs, have in many cases been decreasing. It has however recently been announced that providers will be increasing the cost very shortly. The market has never been more competitive and you may never have a better opportunity to save money by taking advantage of low cost life assurance and critical illness cover.

    There are a number of factors to consider:

    The new Legal and General plan will need to be underwritten and could be offered on different terms or rejected if your state of health is different to when you originally took out the plan. If you do elect to take this offer you must ensure that the new plan is acceptable and in force before you stop the original.

    You may wish to consider your level of cover as it may no longer be suitable, will it suffice? If you feel a review would be beneficial we can help you with this.

    Mortgage protection plans are usually used in conjunction with repayment mortgages to protect against death and/or critical illness. The cover is designed to reduce in line with the outstanding mortgage loan.

    Life insurance cover is designed to pay out a lump sum should you die during the term of the policy. This is usually on a level basis, meaning that the sum assured does not reduce. Critical illness cover may also be included in the plan.

    For an additional cost, critical illness cover can be added to the life cover or mortgage protection plans. It provides cover if you are diagnosed with a critical illness such as cancer, stroke, heart attack, loss of hearing, and numerous others.

    A full explanation of the policy will be shown in the key features document.

    (c) Copyright 2003 Lifesaver Direct