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The Legal & General Over 50s Life Insurance Plans offer three options which allow customers to choose
the plan that best suits their needs. Everyone’s different, so the Legal and General over 50s Plans are different
too. Everyone’s different, so their over 50s Plans are different too:
1. The Fixed Plan – gives
you the certainty of having the benefit of a fixed cash sum paid out when you die. The premiums are guaranteed to never go
up once your plan starts. Inflation may, over time, reduce the value of the benefit of your plan.
2. The Increasing
Plan – gives you the benefit of a cash sum paid out when you die, which increases in line with the cost of living as
measured by the Retail Prices Index (RPI). Benefits and premiums will be reviewed each year.
3. The Funeral Plan
– for those who want to ensure that the costs of their funeral are covered. The benefit of the Funeral Plan is that
when you die the costs of a traditional cremation funeral (or a contribution towards the costs of a burial) are paid directly
to Dignity, who will arrange the funeral through their network of funeral directors. This plan benefit and premium will also
increase in the same way as the Increasing Plan.
Legal and General life insurance plans have no cash-in value
at any time and depending on long you live you may pay in more than they will pay out in benefit for your plan.
Other things to consider with the Legal and General over 50's Life Insurance are
Premiums stop on your 90th
birthday, but the cover continues for the rest of your life,
With the fixed plan inflation may reduce the value of the
benefit that L & G payout,
If you stop making payouts before your 90th bithday or death then the cover will be cancelled
and you will not get anything back,
You have piece of mind that you are covered by the UK's number one protection
provider,
Legal and General Assurance Limited are authorised and regulated by the Financial Services Authority,
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