Legal and General unveils new over 50s life insurance plans
Mon, 17 Aug 2009
Legal and General is introducing three new guaranteed acceptance life insurance plans for the over 50s .

The plans will be available directly from Legal and General online, by post or over the phone. Anyone aged between 50 and 80 can apply and is guaranteed to be accepted for cover.

Monthly premiums will cease when an applicant is aged 90, even though cover will continue automatically until death and the benefit and premiums for the Increasing Plan and Funeral Plan will be reviewed annually in line with inflation, as measured by the Retail Price Index. However, there is an option which allows policyholders to freeze their sum assured at any time and not increase it any further.

Alan Ferguson, Director of Marketing and Channel Development said: "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. We're launching three different plans to give people the flexibility to choose the product which best serves their needs"
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