Legal & General Life Insurance
Intro to Legal & General
Legal & General were established in 1836 when six lawyers decided to found a society. They invested heavily in transport and UK cities and 150 years on, they have invested almost £1 billion into 15 towns and cities in the UK. Their headquarters are based in London, however during WW2, they had to relocate due to the Blitz. They are a founding member of the FTSE 100 index.
They are one of the world’s largest insurance and asset management groups and provide many different products – Life Insurance, pensions, investment management, mortgages and more. They are the second largest investment firm in Europe according to IPE in 2016. They have over £1 trillion in assets across all their different financial products.
How many customers do Legal & General have?
Legal & General have over 10 million customers using their Life Insurance products.
What are Legal & General’s claim pay-out rates?
- For Life Insurance, Legal & General paid out 97% of all claims made in 2018, amounting to £332.7 million;
- For critical illness cover, Legal & General paid out 93% of all claims made in 2018, amounting to £195.2 million.
What awards have Legal & General won?
Legal & General have won the Life Insurance provider of the year at the Moneyfacts consumer awards 2016, 2017, 2018 & 2019 and are regarded as the UK’s number 1 Life Insurance provider.
Is Legal & General Life Insurance good?
Protect Line are an impartial brokerage, so this means we won’t ever give you any advice and will only provide facts. In regards to Legal & General, we have provided factual information within this page so that you can make a decision when it comes to choosing your Life Insurance provider.
How do I get Legal & General Life Insurance quotes?
We can offer you quotes for Legal & General Life Insurance quotes – all you need to do is fill out our online quote form, have a chat with our friendly and professional team and you’ll then have quotes from multiple different insurers to choose from.
How do I pay for Legal & General Life Insurance?
You can pay for Legal & General Life Insurance like you would any other policy – this is usually via direct debit and set up when you take out your policy.
How much does Life Insurance from Legal & General cost?
Legal & General Life Insurance can vary in cost and is based upon personalised factors such as:
- Your age
- Your health
- Your lifestyle choices
- Whether you’re a smoker
- The length and amount of cover