Legal
& General Life Assurance
Legal & General Life Assurance
Why
should I buy term assurance from Legal & General?
Legal
& General's Term Assurance offers some of the best value
for money premiums available today, including Terminal Illness
cover at no extra cost, and you can buy your cover online.
You
can choose from two types of Term Assurance - Level Term Assurance
and Decreasing Term Assurance.
Legal
& General - Level Term Assurance
You can use this cover to protect you, your family, your mortgage
or a business, for a fixed monthly premium throughout the
term you have chosen (unless critical illness cover with reviewable
premiums are selected). The amount of life cover you have
chosen will be paid out as a lump sum if you die, or are diagnosed
with a terminal illness and are eligible to claim before the
term ends.
Legal
& General - Decreasing Term Assurance
You
can use this cover to protect you, your family, your mortgage
or a business, for a fixed monthly premium throughout the
term you have chosen (unless critical illness cover with reviewable
premiums are selected). This cover is typically used to protect
a repayment mortgage and is usually cheaper than Level Term
Assurance. The plan provides a guaranteed sum of money if
you die, or are diagnosed with a terminal illness and are
eligible to claim during the period you have chosen for cover.
The amount decreases over the term of the policy roughly in
line with your outstanding mortgage debt.
Legal
& General Term
Assurance policies have no surrender value at the end of the
term, or if you choose to cancel the policy early. This means
that the cost of this type of cover is lower than whole-of-life
policies given the amount of life cover provided.
For
further information on Legal & General Life Assurance
visit the Legal & General website.
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