Legal and General Insurance: Overview, Products and Services

Legal and General Insurance is a renowned British insurance company that has been providing insurance solutions for over 180 years. The company offers a diverse range of insurance products and services to individuals, families, and businesses in the UK and internationally. In this article, we will provide an in-depth overview of Legal and General Insurance, their products and services, as well as frequently asked questions.

Who is Legal and General Insurance?

Legal and General Insurance was founded in 1836 in London. The company has grown to become one of the largest insurance and investment management companies in the UK, with over 10 million customers worldwide. Legal and General Insurance has a strong reputation for its financial strength, security, and customer service.

The company is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. Legal and General Insurance operates through four main business segments: Retail Retirement, Retail Protection, Legal and General Investment Management, and Group Protection.

Products and Services

Legal and General Insurance offers a diverse range of insurance products and services to meet the varying needs of customers. These include:

Products and Services
Description
Life Insurance
Provides financial protection to loved ones in the event of the policyholder’s death.
Critical Illness Cover
Provides a lump sum payment upon diagnosis of a specified critical illness.
Income Protection
Provides financial support if the policyholder is unable to work due to illness or injury.
Home Insurance
Provides cover for the structure of the home and its contents.
Travel Insurance
Provides cover for medical expenses, cancellation, and other travel-related expenses.
Investments
Offers a range of investment products and services, including ISAs, pensions, and bonds.

Legal and General Insurance also provides group protection products and services to employers, including group life insurance, group income protection, and group critical illness cover. In addition, the company offers retirement solutions, including annuities and equity release.

Why Choose Legal and General Insurance?

Legal and General Insurance is known for its strong reputation for financial strength and security. The company has received high ratings from independent rating agencies, such as Standard & Poor’s and Moody’s. This indicates that the company is financially stable and has the ability to meet its financial obligations to policyholders.

Legal and General Insurance also has a strong focus on customer service. The company has won numerous awards for its customer service, including the Customer Service Excellence Award and the Investor in Customers Award. Legal and General Insurance has a team of customer service representatives who are available to answer questions and provide support to policyholders.

Frequently Asked Questions (FAQs)

What is the minimum age to take out a Legal and General Insurance policy?

The minimum age to take out a Legal and General Insurance policy varies depending on the product. For life insurance and critical illness cover, the minimum age is 18. For income protection and home insurance, the minimum age is 18-20. For travel insurance, the minimum age is 16.

How do I make a claim with Legal and General Insurance?

To make a claim with Legal and General Insurance, you can contact their claims team directly by phone or email. You will need to provide details of your policy and the reason for your claim. Legal and General Insurance will then guide you through the claims process and let you know what information and documentation they require.

Can I cancel my Legal and General Insurance policy?

Yes, you can cancel your Legal and General Insurance policy at any time. However, if you cancel your policy within the cooling-off period (usually 14 days), you will receive a full refund of any premiums paid. If you cancel your policy after the cooling-off period, you may be charged a cancellation fee.

How much does Legal and General Insurance cost?

The cost of Legal and General Insurance varies depending on the product and the level of cover you require. To get a quote for a Legal and General Insurance policy, you can use their online quote tool or contact their customer service team directly.

Is Legal and General Insurance regulated?

Yes, Legal and General Insurance is regulated by the Financial Conduct Authority (FCA) in the UK. This means that the company is required to adhere to strict regulations regarding their products, services, and customer interactions.

Conclusion

Legal and General Insurance is a respected and established insurance company that offers a broad range of insurance products and services. Whether you are looking for life insurance, critical illness cover, or home insurance, Legal and General Insurance has a product that can meet your needs. With their strong reputation for financial strength and customer service, Legal and General Insurance is a great choice for anyone looking for quality insurance solutions.