Life insurance for over 50s by Legal & General

Life insurance for over 50s from Legal & General is offered in three affordable plans:

The Fixed Plan – provides the benefit of a fixed cash sum paid out when you die and once your start the plan the premiums never go up. Guaranteed!

The Increasing Plan – offers a cash lump sum when you die. The plan is measured against the Retail Price Index (RPI) so the cash sum benefit increases in line with the cost of living.

The Funeral Plan – Will ensure the costs of your funeral are covered. The benefit of the Funeral Plan is that when you die the costs of a traditional cremation funeral are paid directly to Dignity, who will arrange the funeral through their network of funeral directors. This plan benefit and premium will be reviewed in the same way as for the Increasing Plan.

• UK residents aged 50 - 80 years are guaranteed acceptance


• You will not require a medical or health assessment when you apply


• From your 90th birthday you stop paying premiums
  


• If you stop paying premiums before your 90th birthday or your death if earlier, then the plan will be cancelled and you will not get anything back


• The Fixed, Increasing and Funeral plans have no cash-in value at any time


• You may pay more in to the plan than Legal & General pay out, depending on how long you live


• After two years we’ll pay the benefit of the plan regardless of the cause of death


• If you die within the first two years of your plan all the premiums paid will be returned. However, if you die as a result of an accident, then the full benefit will be paid. Exclusions and limitations apply


• You can take out more than one plan as long as the total of all your premiums added together are not more than £50 a month

For futher assistance on choosing the right life insurance visit Legal & General.