Legal & General life insurance review

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  • Life cover available from just £6 per month
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Legal and General life insurance

Legal and General life insurance products

Legal and General was founded in 1836 and provides financial products - including life insurance, home insurance, ISAs and mortgages - around the world.

For their life insurance policies, Legal and General has a payout rate of 93% - and offers a range of different life insurance policies.

Legal and General offer:

  • Whole of life insurance
  • Decreasing term life insurance
  • Over 50's life insurance
  • Critical illness cover

Find out more about Legal & General's life insurance products below...

Legal and General - whole life insurance

Legal and General's 'basic' life insurance offering pays out a cash sum if you die or are diagnosed with a terminal illness (life expectancy is less than 12 months) while covered by the policy.

Premiums start from just £6 per month depending on your individual circumstances, but could cost more based on factors such as your age, your health, your occupation and so on.

Learn more about how much life insurance costs.

Legal and General life insurance comes with additional benefits such as:

  • Accidental Death Benefit - in place while your application is processed, giving you some peace of mind that you’re covered in case of accidental death.
  • Terminal Illness Cover - pays out the full amount of cover when life expectancy is less than 12 months.
  • Free Life Cover - if you are taking out life insurance to cover a mortgage, you get free cover between exchange of contracts and completion of your property purchase.

Find out more about whole of life insurance.

Legal and General - decreasing life insurance

Decreasing life insurance is designed to provide cover for mortgage repayments, with the amount of cover going down in line with your remaining mortgage commitment.

This means the premiums are lower than with a whole of life insurance policy, and provides peace of mind that your family will continue to afford to live in the family home in the event of your death.

However, once the mortgage is paid off you will not have any life insurance cover - so it is common for people to then look for another form of cover such as over 50's life insurance or a funeral plan.

Legal and General's decreasing life insurance premiums start at £6 per month depending on your circumstances.

Legal and General - over 50's life insurance

Legal and General offer over 50's life insurance to anyone aged between 50 and 80 - with guaranteed acceptance and no medical.

Over 50's policies are designed for those who wish to leave a cash sum as a gift to loved ones when they pass away, as well as to cover the costs of a funeral.

Depending on your age, premiums with Legal and General can start from just £5 per month and 100% of claims are paid out.

Learn more about over 50's life insurance.

Legal and General - Critical Illness Cover

For an added cost, Critical Illness Cover can be added to any of Legal and General's life insurance policies.

This is designed to pay out a cash sum if you are diagnosed with a critical illness that is specified in the policy.

A Critical Illness policy can help you pay your mortgage, childcare costs, household bills etc. if you are not able to continue working.

Illnesses covered by Legal & General can include:

  • Alzheimer's disease
  • Bacterial meningitis
  • Heart attack
  • Motor neurone disease
  • Parkinson's disease
  • Cancer

For a full list of the covered illnesses, and the definitions and related restrictions, visit:

Learn more about Critical Illness Cover.