Legal and General offers life insurance as part of their ‘Life Cover’ products. Alongside this they a offer mortgage life insurance package; the option that is best for your requirements will depend on how much of a payout you would require in order to protect your dependents financially in the event of your death or serious illness.
The Legal and General life insurance and mortgage insurance options are available as a level term policy, or a decreasing term policy. The difference is that on a level term policy, should you die or develop a terminal illness during the term of the policy a pre-determined lump-sum of cash will be paid out to your dependents depending on the level of cover you have purchased. With a decreasing term policy, the amount paid on your death decreases over the policy term, usually in accordance with the outstanding capital owing on your mortgage, to ensure that your dependents are not responsible for your mortgage after your death. In general, level policies carry higher premiums than decreasing level policies.
Certain lifestyle factors will affect your premiums with a Legal and General life insurance policy. Risky lifestyle factors such as smoking, being overweight or partaking in extreme sports will generally increase your premiums; however, the impact on each of these factors on your policy premiums will vary from provider to provider, as will the positive effects of leading a healthy lifestyle. Complete the form on this page and we will put you in touch with an independent life insurance expert who will help tailor a package to your needs and help you find the policy provider that best caters to your requirements.