If you purchase life insurance or a declining balance life insurance policy with or without critical illness insurance directly from Legal & General, you may be eligible for a free gift card six months after your policy start date, unless you cancel your policy and your payments are up to date. If you have already purchased and cancelled legal and general life insurance with or without critical illness insurance in the past 18 months, you will not be eligible for this offer. Want to learn more about trusts without the usual jargon? Use our online trust platform to choose the type of trust that`s right for you. We explain the pros and cons, as well as how to build trust and who has control over it. You can even enter your details online so that the trust form can be printed and returned to us. Read the most important documents below and the important information page for all the details. Life insurance may pay a cash payment upon your death for the duration of the policy. It can be used by your family to protect their lifestyle and daily living expenses, or to pay off an interest-free mortgage. The premiums and amount of coverage you choose will remain the same unless you change your policy. Yes, you can cancel your life insurance at any time. After applying for coverage, you have 30 days to contact us to change your mind if you decide not to pursue the policy. You can also do this when you register and log in to My Account, but this must be done within the first 30 days of the start of your policy. If you want to demystify life insurance or learn how to protect your financial goals, check out our guides to get you started.
You can also check your bank statements for payments to other insurance companies. So if you`re looking for a policy that can help protect a repayment mortgage and give you peace of mind that your family can continue to live in your home if something happens to you, this might be a suitable option. Our life insurance calculator can be helpful if you`re not sure if it`s the right coverage for you, or you can talk to your financial advisor. Certain terms and conditions apply to all of the above conditions, so please read the Additional Benefits page for any information you need. *£100 gift card after taking out life insurance. Terms and conditions apply. If you purchase sliding scale life insurance with us, we understand that your situation may change in the future. In order for your policy to adapt to your needs, we offer a few options that can help you. Terms and conditions apply. For more information, please read the PDF policy brochure.
We also offer joint life insurance policy separation. This allows a joint policy to be split into two new individual policies if a couple divorces, dissolves their registered partnership or changes a joint mortgage into a name, or takes out a new mortgage under a name. Your request must be made within 6 months of the end of the event. We know that the pressures of everyday life can sometimes be stressful and can affect your well-being in many ways. That`s why we introduced the Wellness Support Service. Whether you need a calming conversation, information, or help getting through a difficult time, just to name a few, they`re here to help. For complete information, please read the PDF of the Policy Summary and the Policy Brochure PDF. While you don`t need to purchase mortgage life insurance, it could be a wise decision.
If something happened to you and you were no longer around to pay the mortgage, how would your family fare financially? This type of insurance could mean they can stay in the home they love without the added stress of paying the mortgage. Want to know more? Learn more about declining scale life insurance. The good news is that we allow you to increase your coverage without the need for additional medical information about the occurrence of certain events, making the process as easy and stress-free as possible. If you`re looking for life insurance that doesn`t diminish over time to protect your family or an interest-free mortgage, take a look at our life insurance, where the amount of coverage stays the same throughout the life of the policy. The support and assistance of a dedicated nurse can range from a calming conversation, information, advice and guidance to clinical assessment and arranging additional services. At certain key points in your life, you may need to increase the coverage you have. For example, you could become a new parent or decide to move to a larger house. These types of events usually mean you need more protection. The information on this website relates to our current product range and additional benefits.
If you already have an existing life insurance policy with us, please refer to your original insurance documents, as these may differ from the following information depending on when you purchased your policy. Find out how affordable term life insurance is today. Get affordable life insurance and financial protection for the people who matter most to you. For some life events, you may also be able to increase your coverage without having to provide additional medical information. You can also make changes, such as removing a name from a common policy. Additional benefits of purchasing slimming life insurance include free life insurance between exchanging policies and completing your property purchase (or, if you`re in Scotland, from the time you fill out letters for the property of your choice until the date of entry). You will also receive an Accidental Death Benefit while your application is being processed – for accidental death coverage – as well as Fatal Illness coverage, which can pay the full amount of insurance if you have a life expectancy of less than 12 months. Get extra protection with critical illness insurance, which can be added at an additional cost when you purchase your life insurance.
Technically, you don`t need to buy life insurance – or especially decreasing life insurance if you have a repayment mortgage – when you take out a mortgage. Legally, the only insurance you need to take out is building insurance. Getting life insurance quotes is one of the things that is likely to be pushed to the bottom of the list. You might think it`s going to be too complicated or take too long, or you might just put it off because it`s not something you want to think about. From information on different types of life insurance to articles on how to take care of your health and wellbeing, check out our wide range of articles and guides. As with any insurance policy, whether you need diminishing life insurance depends on your situation. Our slimming life insurance is designed to meet the demands and needs of people who want to help protect a mortgage repayment. Use our life insurance calculator to find out how much coverage you need. Banner Life and William Penn insurance has been protecting American families and businesses for more than 70 years. When buying a home, it is not uncommon to consider mortgage life insurance. Our slimming life insurance is a type of insurance designed to help protect a mortgage.
They could pay money if you die or are diagnosed with an incurable disease with a life expectancy of less than 12 months during the term of your policy. With this type of insurance, the sum insured is approximately reduced with the way a repayment mortgage decreases. Your policy will remain in effect throughout your period as long as your rewards are up to date. The easiest way to view and manage your policy is to go to My Account. Simply visit the link to log in or register. You can also click on “Policy Document Request Form” to receive a policy summary by email. You must be a resident of the United Kingdom and 18 years of age at the time of application, and the policy must not end before your 29th birthday. The maximum age for declining life insurance is 74, and your policy must end before age 90.
The minimum term of the policy is 5 years and the maximum term is 50 years. Your policy would pay for the duration of your insurance in the event of a valid claim, whether or not you still have that mortgage or financial obligation. This offer is only available if you apply directly to Legal & General. If you apply through a financial advisor or another website other than Legal & General, such as a comparison site, you will not be eligible for the free gift. Wellness support is provided by our trusted partner, RedArc Assured Limited, and access is available at no additional cost. The first step is always for your dedicated RedArc nurse to listen to your needs and decide which options will best help you. Here are some quick facts about our wellness support. Terms and conditions apply. Please read the PDF policy brochure for more details. If you cancel within 30 days, we will refund the rewards paid.
If you cancel after 30 days, you will not receive anything in return. You must provide us with relevant event documentation. If your declining balance life insurance policy is designed to cover your mortgage, the policy may not pay off your outstanding mortgage in full unless you ensure that the amount of your coverage is adjusted to the new mortgage agreements.