Insurance and protection guide

Critical illness cover can provide a cash lump sum or regular monthly income if you were to be diagnosed with a specified critical condition during the policy term. This money can be used to help repay your mortgage and allows you to reduce your financial concerns and concentrate on recovery. Critical illness cover can be used to help you and your family pay for care or any necessary modifications to your home. Critical illness cover can also be added to a life assurance policy for an additional cost.

The critical illnesses covered include heart attack, cancer and stroke. However, some types of cancer are not included and to make a claim for some illnesses, you need to have permanent symptoms. Critical illness cover for your children is included at no extra charge. Terms and conditions apply.

Critical illness cover also has terminal illness cover included at no extra charge and could pay out your chosen amount of cover if you’re diagnosed with a terminal illness and have a life expectancy of 12 months or less. This cover is not available for policies with a term of less than two years.

Our specialist protection advisers can provide more information about critical illness cover and a copy of the Legal & General Key Features Document that sets out the policy options and benefits.

Home insurance provides important cover for your buildings, contents and personal possessions against loss or damage.

Home insurance falls into two categories; buildings and contents. These can be covered separately or arranged as a joint policy. Buildings insurance is usually a requirement of the lender when taking out a mortgage and this will be part of the mortgage offer. Should something unexpected happen, this provides cover for the structure of the property both inside and outside. Contents insurance protects all your belongings inside the home. You can enhance these policies at an added premium to include additional cover such as accidental damage, personal possessions and family legal protection which will help meet all your home insurance needs.

If you are buying a leasehold property, the freeholder of the building will often be responsible for buildings insurance and will pass the premiums on to you through the service charge. We recommend that you check this in your lease before you buy.

If you plan to rent your property, specialist landlord’s building and contents insurance is available.

Legal & General's flexible protection plans are designed to give you a regular, tax free monthly payment if you are unable to work due to unemployment through no fault of your own, or incapacity caused by illness or injury, resulting in a loss of earnings during the policy term. They are designed to fit in with any existing provisions such as savings or work benefits you may have and can be adapted for your personal circumstances. This includes finding an affordable monthly cost for you to get the appropriate level of cover.

This is particularly important when you consider that your lender will expect you to honour your repayment each month, including when you are off work through unemployment, accident or ill health. It will help provide financial security to assist you in paying your mortgage or rent, cover monthly bills or support your family and lifestyle.

Contact one of our specialist protection advisers for more information on income protection and a copy of the Legal & General Key Features Document that sets out policy options and benefits.

Life insurance pays out either a cash lump sum, or a monthly benefit if you were to die during the policy time.

A life insurance policy is the most basic form of cover and is usually the cheapest way to insure your life. It covers you for a fixed period and pays out either a one off lump sum or a monthly benefit if you die during the policy term. 

Critical illness cover can be added to Legal & General’s term insurance policies at the outset for an additional cost. If you do add on critical illness cover, the policy could pay out if you die or on diagnosis of a specified critical illness during the term of the policy. Additionally, it could pay out if you are terminally ill, and you meet the criteria, providing the policy was set up with a minimum term of at least two years.

Life insurance can be set up to provide level or decreasing cover. Level cover means that the amount of insurance remains the same throughout the term. Decreasing cover means that the amount of insurance decreases roughly in line with the way a repayment mortgage reduces. Our specialist protection advisers can assess your needs and arrange the most suitable cover for you.

Free life cover is available at no extra cost between exchange and completion. 

The benefit paid out can be used to help maintain family lifestyle and help with financial difficulty if the policy holder dies.