Legal and General see to all your Needs

Monday, April 12, 2010

Legal and General has been in the insurance business for nearly 200 years, so to say that have a long-established track record is an understatement. Many insurance companies have come on board over the years and competition is understandably fierce. Many companies, in a bid to stay competitive in the market have started a price war and branching out into every possible type of insurance. Legal and General has kept to the products with which they built up vast experience over the years, namely home insurance and life insurance.


Not cutting corners

They operate from the foundation of not offering the cheapest insurance packages, but instead refuse to cut corners and concentrate on quality products. They combine quality with extras such as discounts for cover for the first year plus no claim bonuses. They offer excellent discounts as well if a client combines products such as content and building insurance. They also reward clients for signing up online. L&G also differ in that many items other insurance companies offer as optional extras, are included in their policies. A rather important item offered is the premium waver cover. In the case of unemployment your premiums are paid for up to 12 months. It is worth looking into the different criteria for this cover to see if this type of extended cover is needed.


Life cover

They offer their client two types of mainstream life cover to choose from. The first type is term life cover. This is where you can choose the period that you wish the policy to run and also make an agreement about the lump sum to be paid out. In the event of your death during the term of this type of policy, this agreed upon money will then be paid out.

The other main type of cover offered is that of mortgage life cover and in the event of your death this type of policy helps to pay off your mortgage. Mortgage life policies come in both decreasing term and in level term policies. Automatically included with mortgage life cover you get Smooth Move cover, which is a 24-hour rescue service for moving day and does exactly what it says. Should there be an emergency when you move house, this service helps you with not only legal advice but sees to hotel accommodation and car recovery to name a few.

Terminal Illness Cover is included in both types of life insurance cover offered by Legal and General. This means that they will make a payout in the unforeseen event of you receiving a terminal illness diagnoses.