With a strong history of more than 60 years, Legal and General Life Insurance was chartered in 1949 as Government Employees Life Insurance Company (GELICO). It was then acquired in 1981 by Legal & General Group PLC as a wholly owned subsidiary. In 1983, their name was changed to Banner Life, signifying their flagship position with Legal & General America in the United States.
In 1989, William Penn Life Insurance Company of New York, a Banner Life´s subsidiary, joined the corporate group, and, since then the management for both companies has been consolidated at the senior level.
Legal and General continues to be on the cutting edge in terms of underwriting and pricing for those who are not healthy and want cheap life insurance. The flexibility of payment options and different term limits for each option sets them apart from other companies. If you are wondering how much will life insurance cost, it will vary from person to person and from company to company, which is why it is best to obtain quotes from several insurance companies.
Another advantage of buying a policy from Legal and General Life is age flexibility. They offer renewable term life to all clients up to age 95, unlike other companies who start refusing policies past age 75.
You can find out more about these benefits at https://www.lgamerica.com/life-insurance/policy-features.
A life insurance company with strong ratings is capable of honoring the commitments that it makes to its policyholders. These ratings are indicators of financial strength and capability of a company.
Legal and General Life Insurance boasts an A+ and AA- in financial strength and performance from nation's leading rating agencies
|Standard & Poor´s||AA-||Very Strong|
No doubt Legal and General Life Insurance has many advantages but as with many other companies, it has some areas where it is not competitive enough.
Legal and General Life Insurance Company is known to provide cheap rates on its term life insurance products. Their underwriting policies are extremely favorable. For example, an applicant seeking life insurance with diabetes may still qualify for term life insurance through Legal and General.
Legal and General's term life products come with term lengths of 5,10,15,20,25 and 30 years to meet your mid to long-term needs. The company offers guaranteed level premiums for the initial term period and then increases them each year afterward.
Life Step UL is their flexible premium universal life plan that provides guaranteed lifetime coverage with accumulated cash value. It also allows flexibility to choose lower premiums for a coverage of lesser duration for example till age 100.
In summary, Legal and General is a solid choice for life insurance. Their low price products and financial strength make them competitive with other companies.
Providing low cost and innovative life insurance products are the two ultimate goals of this company. Legal and General also strives in providing excellent customer service and believes in building long-term and mutually beneficial relationships.
After doing your research on life insurance companies, it's important to work with an independent agent or company who have access to more than one insurance carriers, to discuss your needs. This way you will be able to make an objective comparison of the best term life insurance companies and their benefits, available policies and premium quotes.
We will help you in your process of choosing the best life insurance company. We work with many top life insurance carriers in the marketplace today and will provide you with all the needed information in order to help you make a more informed purchase decision. You don't even need to meet in person with a life insurance agent, everything is done online quickly and easily. If you are ready to go ahead, fill out the form on this page.
We understand that buying life insurance can seem a bit overwhelming. There are so many things to keep track of and you also want a feeling of satisfaction that you have made the right decision. That's why we are here - we will walk you through the whole process so that you feel comfortable and satisfied the whole time. Contact us now.