Why Legal and General Protection

Protect your loved ones and plan for the unexpected. Find out what types of coverage we offer to cover you and your family. Get affordable life insurance and financial protection for the people who matter most to you. A leading provider of group protection coverage in the UK with 90 years` experience and knowledge. We supported more than 5,500 enterprise protection policies and protected nearly 1.8 million employees by the end of 2021. In 2020, Legal & General paid 93% of new and existing income protection claims. The most common causes of damage were musculoskeletal disorders (32%), cancer (17%) and mental health (12%). Unpaid income protection claims are usually due to the fact that they do not meet the insurer`s definition of incapacity or misrepresentation (i.e. false information during the application process). Legal & General is one of many income protection providers in the UK. With all the terminology and differences in coverage, it can be a minefield when buying a policy for the first time. L&G also offers powerful asset creation capabilities.

Together, they underpin our industry-leading pension and security solutions: we are a leading international player in pension transfer, life insurance in the UK and the US, and occupational pensions and retirement income in the UK. Through inclusive capitalism, we want to build a better society by investing in long-term assets that benefit everyone. Quality products that cover a full range of family, business and lifestyle protection needs. Not only do we want to achieve world-class protection outcomes, but we also want to build a better society to improve lives and raise standards by investing in long-term assets that benefit everyone by hosting renewable energy. Life can be unpredictable at times, and it`s worth planning ahead. Our goal at Legal & General Retail is to help our clients plan for the unexpected, achieve financial security for their future and protect everything that matters to them. To better understand our clients and meet their needs, we have consolidated our protection, retirement, savings, lending and advisory, fintech, and mortgage businesses under one roof. Founded in early 2022 by bringing together our long-standing retirement and insurance businesses and trust for retail clients, we are a fast-growing company with big client-centric ambitions.

With 200 years of experience in the insurance industry, Legal & General has become a global leader in the protection market. It has over 10 million clients and manages over £1 trillion in assets. If you purchase your income protection policy through Legal & General, your policy will likely include the features listed below. Here we explain what the feature is, what it means to you and how it compares to other insurers on the market. Our training and expert knowledge is designed to expand your knowledge, help your business grow, and bring protection to life in your conversations with customers. Income protection policies often offer a number of additional benefits, which we`ve listed below. These features are «non-contractual,» meaning they are not bound by the terms of your own policy and are usually provided by third parties. Everyone is entitled to them – although they are only provided if you purchase your L&G policy through an advisor. We don`t just talk about it, we actively promote diversity and equal opportunities for all. This means that our hiring decisions are made regardless of race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, or protected veteran status. In fact, we embrace all dimensions of diversity to reflect the customers and communities we serve.

We all work differently and have different needs, that`s why. We are always open to flexible working arrangements. We are also committed to finding reasonable accommodations for candidates with special needs during our recruitment process. If you are on maternity, paternity or adoption leave and become unable to work, Legal & General will always evaluate you according to its own professional definition. Legal & General`s maximum annual benefit is £240,000 per year (£168,000 per year if you opt for indexing). Together with other major insurers such as Aviva, this is the highest maximum on the market. L&G is therefore a good option if you are a high income. Legal and General was founded in 1836 and has since grown into one of Europe`s largest insurance and asset management companies with over 10 million clients worldwide. The company`s mission is «to improve the lives of customers, build a better company in the long run, and create shareholder value.» If you make a claim and then return to work with reduced hours or in another role because of your illness or injury, you will likely receive a lower salary.

If this is the case, L&G will pay a reduced benefit compared to the reduction in your salary to supplement your earnings. Although Legal and General`s Income Protection offers a maximum monthly benefit of £20,000 (£14,000 if you opt for an indexed benefit), Legal & General limits your benefit to 35% of your annual income for self-employed individuals who have been self-employed for 12 months or less at the time of application.