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LEGAL AND GENERAL OVER 50S LIFE INSURANCE
Legal and General Over 50s Life Insurance (Life Insurance)
        
The Legal and General over 50’s life insurance offers you three great policies to choose from. You must be between the ages of 50 -80 years old to be eligible for these policies. The policies available are; The Fixed Plan, The Increasing Plan and the Funeral Plan. All these plans are designed to provide life cover for the whole of your life. This month, when you buy Legal & General life insruance, they will dontate £10 to pioneering breast cancer research. When you help protect your family you'll be helping to support a great cause.
Location: UK
Advantages:
1. Premiums start from £5 a month and they promise to fix your premium and never increase it once your plan starts on the Fixed Plan.
2. After two years Legal and General will pay the benefit of the plan regardless of the cause of death.
3. You can take out more than one plan as long as the total of all your premiums added together is not more than £50 a month. This includes any existing Legal & General Over 50s plans you may have.
4. You can help make sure that the benefit reaches the people that you would like to protect by placing the plan in Trust.
 
Disadvantages:
1. Inflation may over time reduce the value of the benefit paid out on The Fixed Plan. 
2. If you stop paying premiums when they are due the plan will be cancelled and you won't get anything back.
3. The plan has no cash-in value at any time.
4. Depending on how long you live the total premiums paid may be greater than the benefit payable on death.
Services:
1. A full copy of the terms and conditions will be sent to you as soon as you have applied.

Life Insurance Type: Life Insurance Provider
Person Information:
You must be between 50 - 80 year olds

Policy Name: The Fixed Plan, The Increasing Plan, The Funeral Plan
Policy Cost: £5 - £50 per month
Policy Excess: Dependent on cover

Cover Type: The Fixed Plan/The Increasing Plan/The Funeral Plan
Cover Level: Standard
Cover Detail:
The Fixed Plan pays out a fixed benefit when you die with the certainty of fixed monthly premiums.
 
The Increasing Plan alows you to watch your benefit grow when your premiums increase.
 
The Funeral Plan aims to cover the costs of a traditional cremation funeral.

Suitable For:
50 - 80 year olds
Restrictions:
1. Guaranteed acceptance for UK residents aged 50 to 80 and no medical or health assessment when you apply.
2. You need to pay the premiums until you die. However, if you reach your 90th birthday, you stop paying premiums but the cover continues for the rest of your life.
3. The plans have no cash-in value at any time.
Availability:
1. Aged 50 to 80.
2. Resident in the UK and you reside in the UK for at least 183 days a year.

Application Methods: Online, Tel
Underwriter: Ask on application
Pay Monthly: Yes
        
REVIEWS
Legal and General (Which Way To Pay - 23/3/2010)
Legal and General is ranked 4 out of 5. Based on 1 review.

4 Star Rating

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