Life insurance
Life insurance - the basics
- Taking out a life insurance policy is a popular way to help protect your loved ones financially.
- The length of time you choose to be insured for is called the 'term'. With Legal & General you can choose a term between one and forty years for Level Term Assurance, or between five and forty years for Decreasing Term Assurance, providing that the plan ends before your 80th birthday.
- If you die during the term, your policy will pay out a lump sum of money.
- You choose how much life insurance you buy. People often want their policies to pay out a multiple of their salary, or you may have dependants to think of, or loan to cover.
- The amount you must pay on a monthly or annual basis is the premium. Our life insurance premiums start from just £6 per month. You can find out more about the factors that affect your premium in Charges + premiums.
- Legal & General's life insurance policies include terminal illness cover at no extra cost. This means that the policy will pay out if you are diagnosed with a terminal illness for which you are eligible to claim (although not in the last 18 months of the plan). Read more about terminal illness cover.
- Should you decide to purchase one of our life insurance policies, you must read the appropriate key features document and policy conditions PDF. You can open and download these from the right hand menu.
- You can get an immediate quote for life insurance on this website. Then, if the cost and the amount of cover suits you, you can apply online today.
- You may increase the amount of cover on certain events, (subject to certain conditions). This is your guaranteed insurability option.
