Jump to main content of pageaccessibility informationSitemap
21 Nov 2024
Get an instant life insurance Get an instant term life insurance quote Cheapest life insurance rate guarantee!
LV
Aviva
Vitaility Life
Royal London
Legal & General
AIG

Life Insurance News

Over-50s get new life insurance products

People above the age of 50 are set to benefit from three new guaranteed acceptance life insurance products launched by insurance provider Legal & General (L&G).

The firm has introduced Fixed Plan with permanent monthly premiums and a fixed cash sum to be paid out on death, Increasing Plan whose benefit will increase in line with inflation and Funeral Plan aimed at protecting against rising funeral costs.

Designed for consumers aged between 50 and 80 years old, the plans' monthly premiums will stop once the applicant reaches 90, although cover will automatically continue until death, L&G said.

According to the firm's director of marketing and channel development Alan Ferguson, the plans are being launched in order to ensure consumers have flexible products that can meet their needs.

"People traditionally take out this type of life insurance to provide their family with funds to go towards funeral expenses or unpaid bills, or as a gift for children or grandchildren," he explained.

"If inflation is a concern, then two of our plans are index-linked and the Funeral Plan is specifically designed to help with funeral costs."

Which? Legal Service recently stated that life insurance is just as important as a will.

Do you want Advice on Life Insurance?

After you have compared the life insurance information on Go Direct if you would like Life Insurance Advice, please complete our life insurance enquiry form and we will contact you to discuses your insurance needs.

 

You may also be interested in:



Go Direct.co.uk is a trading style for website purposes of Go Direct UK Ltd.

Go Financial Services is a trading style of Go Direct UK Ltd which is an appointed representative of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority. FCA Number 456600

Life Insurance uk | Mortgage Life Insurance | Critical Illness Insurance | Income Protection Insurance Quotes | Life Insurance Advice | Term Life Insurance | Decreasing Life Assurance | Critical Illness | Income Protection | Accident Sickness Unemployment | Whole Life Assurance | Remortgage | Accident Sickness Unemployment Cover | Pension Term Insurance | Site Map

Over-50s get new life insurance products