What happens after I apply?
You will receive a letter containing details of your plan, a policy schedule and the policy terms and conditions.
You will also receive a cancellation notice – this gives you 30 days to cancel your plan if you change your mind. If you cancel within 30 days, any premiums paid will be refunded. You can cancel after this period by writing to us but you will not receive a refund.
Will my premiums ever go up?
If you choose the fixed plan, your premiums will stay the same. Choose the increasing plan and your cash sumwill be reviewed each year, along with your cash sum, and will increase to help protect against inflation
Find out more about our increasing plan.
When will I receive my gift?
As long as you continue to make your payments, you should receive your gift four months after your policy starts. Read our gift card terms and conditions for more information.
How long does the cover last?
As long as you keep paying your premiums the cover will last for the rest of your life. When you reach 90 your premiums stop but your cover will still continue.
Can I cash in my plan?
No, the plans are not savings or investment products and have no cash value until a valid claim is made.
Who can apply?
If you are a UK resident (who resides in the UK for at least 183 days a year) and aged between 50 and 80.
Our over 50's Life insurance plan requires no medical or health assessment, so you are guaranteed to be accepted.
Can my partner take out cover too?
Yes, your partner can also take out an insurance plan – just call us, or apply online. The insurance plans only cover one person, so you will be covered by two separate plans with two premiums.
Can I have more than one policy?
You can have as many policies as you want, as long as the total cash sum for all your Over 50's Life Insurance plans is no more than £25,000. This includes any Over 50s plans you already have with Legal & General.
What information do you need from me?
Decide how much you want the plan to pay out, based on your own circumstances and the premium you choose to pay.
Our Over 50s Life Insurance provided by Legal and General requires no medical or health assessment, so we just need your name, contact details, date of birth and smoker status (the latter will not affect your monthly premium or your cash sum).
At the end of the application process we'll ask you for your bank account number and sort code to set up a direct debit. If you don't have these, you can get them by contacting your bank or referring to a recent bank statement.
What happens to the money when the policy pays out?
The cash sum will be paid to your estate, unless you place your policy into trust or select the Funeral Benefit Option.
How can my family make a claim?
If your family needs to make a claim they can contact Legal & General using the contact details below:
0800 137 101 (Lines are open 9:00am to 5:30pm Monday to Friday.)
Calling from abroad? The number is 0044 1273 374 665
Write to: Claims Department Legal & General Assurance Society Limited City Park The Droveway Hove East Sussex BN3 7PY
Or email: email@example.com
Legal & General require the following documentation:
- a death certificate
- date of death and contact details
- the original policy document
If you are missing any of these documents, Legal & General staff will be able to discuss the additional procedure for making a claim with your representatives.
If further information is needed to help process a claim, the claims staff will contact your representatives.
Which premium should I choose?
Choose cover that you can afford and gives you a cash sum that meets your needs. Remember the higher the premium, (up to a maximum of £75 per month) the higher your cash sum.
Think about how much you would like your family to receive in the event of your passing. You can take out more than one plan as long as the total cash sum value for all your plans is no more than £25,000.
If I choose the increasing plan and can't afford the premium increase, what can I do?
Just give Legal & General a call, they can stop the increases so that the premium and cash sum remain the same for the rest of your plan.
Be aware if you do this the decision is final and the plan will remain fixed. You will not be able to restart the increases in future.
Read more information about the increasing plan