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The Legal & General Over 50s Life Insurance Plans offer three options which allow their customers
to choose the plan that best suits their needs. Everyone’s different, so the Legal & General over 50s
Plans are different too.
The L&G Over 50's Life Insurance Options are
1. The Fixed Plan –
gives you the certainty of having the benefit of a fixed cash sum paid out when you die. The premiums are guaranteed to never
go up once your plan starts. Inflation may, over time, reduce the value of the benefit of your plan.
2. The
Increasing Plan – gives you the benefit of a cash sum paid out when you die, which increases in line with the cost of
living as measured by the Retail Prices Index (RPI). Benefits and premiums will be reviewed each year.
3.
The Funeral Plan – for those who want to ensure that the costs of their funeral are covered. The benefit of the Funeral
Plan is that when you die the costs of a traditional cremation funeral (or a contribution towards the costs of a burial) are
paid directly to Dignity, who will arrange the funeral through their network of funeral directors. This plan benefit and premium
will also increase in the same way as the Increasing Plan. Legal & General Over 50's Life Insurance plans
have no cash-in value at any time and depending on long you live you may pay in more than L & G will pay out
in benefit for your plan.
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