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Tuesday 15th of September 2009
August 11, 2009    

L&G unveils new over-50s life policies

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by David Masters

Legal & General (L&G) has expanded its range of life insurance products with three new guaranteed acceptance plans for the over-50s.

Applications for the Fixed, Increasing, and Funeral policies are guaranteed to be accepted for policy holders aged between 50 and 80.

The Fixed plan offers a fixed cash sum payable upon death in exchange for fixed premiums.

The Increasing Plan’s value rises with inflation.

The Funeral Plan aims to cover funeral costs.

Premium payments stop when the policy holder reaches 90, but cover continues until death.

All three plans can be purchased online, over the telephone, or by post.

“Over 50s plans can provide valuable peace of mind at a difficult and emotional time,” said Alan Ferguson, director of marketing and channel development at L&G.

“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 added.

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