Legal & General Over 50s Life Insurance Review [2024]

Q: What is Legal & General over 50s life insurance?

Legal & General over 50s life insurance (also known as over 50s life cover or an over 50s plan ) is a type of life assurance that’s designed for people aged 50 - 80. It guarantees to pay out a cash lump sum to your loved ones when you pass away and could help towards: Your funeral expenses (the average cost of a basic UK funeral is £4,141 [5] ) Unpaid debts or household bills Day-to-day living expenses A small inheritance One of the key benefits of over 50s life insurance is that you don’t have to answer any medical questions during the application process. You’re guaranteed to be accepted and any pre-existing health issues or dangerous hobbies won’t impact the cost of your monthly premiums.

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Legal & General over 50s plan [2024]

Legal & General is a leading UK life insurance provider, but is their over 50s life insurance up to the mark? And how does it compare to other options available in the market?

In this review, we help to answer these questions for you by delving into the key features, benefits and expert ratings of this policy.

At Reassured, we can’t compare Legal & General over 50s life insurance quotes, but we do compare over 50s life insurance quotes from other top UK insurers to help you find a great deal.

Protect your loved ones from just £5 a month⁺.

Jump to:

About Legal & General »
Legal & General reviews and ratings »
What is Legal & General over 50s life insurance? »
Legal & General over 50s life insurance benefits »
How much does Legal & General over 50s life cover cost? »
Legal & General over 50s life insurance pros and cons »
What other policies does Legal & General offer? »

Compare Over 50s Life Insurance » Find Our Best Deal

Legal & General over 50s life insurance review [Quick summary]

Rated 5 stars by Defaqto^[1]
Rated 3 stars by Fairer Finance^[2]
Guaranteed acceptance for UK applicants aged 50 - 85
12 month waiting period (full cover starts after this period)
Additional benefits include Care Concierge, Wellbeing Support Service & Funeral Benefit Option
Premiums between £5 - £75 a month
Maximum pay out is £10,000
100% of claims paid^[3]
£120 gift card new customer incentive (correct as of 26/11/24)

About Legal & General

Legal & General are one of the UK’s leading financial services companies and an award-winning life insurance provider.

Founded over 150 years ago, Legal & General offer a range of protection products, including:

Term life insurance
Whole of life insurance
Over 50s life insurance
Critical illness cover
Income protection insurance

Legal & General are regulated by the Financial Conduct Authority (FCA) and have more than 10 million UK customers across all their products^[4].

You can purchase Legal & General over 50s life insurance directly from their website, or through one of their retail partners; Co-op, TSB or Sainsburys Bank.

Legal & General over 50s life insurance reviews and ratings

Looking at independent reviews and ratings can help you determine whether a company offers a good quality product and service.

On customer review site, Trustpilot, Legal & General have received mixed reviews, with half (50%) of customers rating the insurer 5 stars (as of 26/11/24):

Review site	Score	Number of reviews
	4.2 ('Great')	17,822

Trustpilot reviews aren’t exclusive to Legal & General’s over 50s life cover, so we’ve also compiled expert ratings from Fairer Finance and Defaqto to help provide more insight into this product and service offered:

Review site	Score	Analysis
		This is the highest rating you can get. It shows that L&G over 50s life insurance is a comprehensive product when compared to other policies available
		This is a moderate score, suggesting that the features and benefits of the policy are not as good as other policies available

Legal & General have won numerous industry awards, including 'Life Insurance Provider of the Year (Direct)' at the Moneyfacts Awards for five consecutive years (including 2024).

Compare Leading Over 50s Providers »

Why compare over 50s life insurance through Reassured?

Save time & money as we provide you with our best over 50s life insurance quotes from leading UK insurers
Our service is award-winning, FCA-regulated and scored as “Excellent” on Trustpilot from over 77,000 reviews
We have dedicated over 50s life insurance experts to help you find the right policy to suit your needs and budget
Free life insurance in trust writing service to help you avoid or minimise inheritance tax (40% on estates over £325,000) with most policies we arrange
Help protect your loved ones with over 50 life insurance through Reassured from just £5 a month

What is Legal & General over 50s life insurance?

Legal & General over 50s life insurance (also known as over 50s life cover or an over 50s plan) is a type of life assurance that’s designed for people aged 50 - 80.

It guarantees to pay out a cash lump sum to your loved ones when you pass away and could help towards:

Your funeral expenses (the average cost of a basic UK funeral is £4,141^[5])
Unpaid debts or household bills
Day-to-day living expenses
A small inheritance

One of the key benefits of over 50s life insurance is that you don’t have to answer any medical questions during the application process.

You’re guaranteed to be accepted and any pre-existing health issues or dangerous hobbies won’t impact the cost of your monthly premiums.

Legal & General over 50s life insurance key features:

Feature
Guaranteed acceptance	UK residents aged 50 - 80 No lifestyle or medical questions (except whether you smoke).
Waiting period	12 months During the waiting period, if you pass away due to natural causes a full pay out won’t be made but any premiums paid would be refunded to loved ones.
Accidental death cover	If you pass away due to an accident during the waiting period, a full pay out would be made.
Full cover after one year	A full pay out is guaranteed once the 12 month waiting period has ended. Cover lasts for the rest of your life, but monthly premium payments stop after you turn 90.
Maximum cover amount	Up to £10,000 (Depending on your personal circumstances and budget)
Fixed monthly premiums	Between £5 - £75 a month The cost of your monthly premium is based on your age, smoking status and cover amount
Flexibility to amend premiums	If your circumstances change, it’s possible to reduce the cost of your monthly premium (to the minimum of £5 a month). This would also reduce the pay out amount. 12 month waiting period must have passed for you to be eligible.
Claims process	90% of pay out claims are dealt with quickly, with Legal & General making a decision within 24 hours after a valid claim is made.

Over 50s life insurance arranged through Reassured is available to all UK residents aged 50 - 85 and it’s possible to secure up to £20,000 of cover depending on your age and budget.

Contact our award-winning team for your free, personalised quotes.

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Legal & General over 50s life insurance benefits

If you take out a Legal & General over 50s life cover policy, you’ll have access to the following additional benefits free of charge:

Wellbeing Support Service

Legal & General have partnered with RedArc Assured Limited to offer a Wellbeing Support service for policyholders and their families.

This is a phone-based service that gives you access to health and wellbeing support from registered nurses for the duration of your policy term.

Care Concierge

The Care Concierge service gives you free access to a team of care experts by phone to help you navigate the later life care options for yourself or a loved one.

Funeral Benefit Option

You can choose to add this free benefit to your policy. It means that your pay out will be paid directly to a funeral director instead of your loved ones to help pay for your funeral.

Legal & General have partnered with Dignity for this benefit, who will also provide a £250 contribution towards the cost of your funeral services.

How much does Legal & General over 50s life cover cost?

According to the Legal & General website, the minimum monthly cost for over 50s life insurance is £5 and the maximum monthly cost is £75.

Life insurance premiums are calculated based on:

Your age
Your smoking status
Your chosen cover amount

Like with all over 50s plans, you’re able to select a monthly premium that suits your budget, with a cover amount that suits you needs.

Here are some examples of how much cover you could get from Legal & General, SunLife and One Family, based on a fixed monthly premium of £20:

Age
50	£6,044	£5,872	£7,417
60	£4,766	£4,574	£5,217
70	£2,948	£2,864	£2,621
80	£1,508	£1,461	£1,200

Based on a non-smoker

Here are some examples of monthly premium prices for over 50s life insurance from SunLife and One Family arranged through us, based on a pay out of £4,000:

Age
50	£13.75	£12.00
55	£15.48	£14.00
60	£17.35	£16.00
65	£20.67	£20.00
70	£27.36	£27.00
75	£38.75	£39.00
80	£53.54	£65.00
85	£72.29	-^x

One Family only provide cover up to age 80, therefore we can’t display pricing for this age. Quotes based on a non-smoker

As the cost of over 50s life insurance varies between different insurers, it’s important to compare multiple quotes to find the right price.

At Reassured, we can compare quotes from SunLife and One Family, but we can’t provide Legal & General over 50s plan quotes.

What is the free welcome gift with Legal & General over 50s life insurance?

If you purchase an over 50s plan directly from Legal & General, you could receive a free £120 gift card to spend at Amazon, M&S or Argos (correct as of 26/11/24).

Policyholders are eligible for the free welcome gift after six months.

Other terms and conditions apply, so it’s important to check these before taking out a policy.

We have this over 50s life insurance with free gift guide if you’re curious to see what other free gift offers are available »

Legal & General over 50s life insurance pros and cons

Weighing up the advantages and disadvantages of a policy is another way to understand whether it offers good value for money compared to other options available in the market.

Here are some key points to consider:

PROs

Policy comes with several additional benefits free of charge: Care Concierge and Wellbeing Support Services
Can choose to include Funeral Benefit Option if taking out the policy to help cover your funeral costs (plus receive £250 discount towards your funeral services)
Premium payments are no longer required after your 90th birthday (but cover continues until you pass away)
Option to reduce your monthly premium if your circumstances change (this will also reduce your cover amount)
Rated 5 out of 5 stars by the experts at Defaqto

CONs

Maximum cover amount is £10,000. Some insurers have higher cover limits (for example, One Family could offer up to £20,000 depending on your circumstances)
Maximum eligibility age is 80, while it’s possible to take out an over 50s plan up to the age of 85 with some other insurers
Rated 3 out of 5 stars by the experts at Fairer Finance. Insurers with higher ratings include Scottish Friendly and Co-op

What other policies do Legal & General offer?

As discussed, Legal & General are one of the UK’s largest insurers, providing a broad range of financial protection products.

Term life insurance

Legal & General term life insurance offers protection for a set period, paying out if you pass away during this period. It’s often taken out by young families and those who need to protect a mortgage.

You can choose whether the cover amount remains fixed (level) or decreases throughout the policy term.

Available to applicants aged 18 - 77.

Compare quotes through Reassured.

Whole of life insurance

Legal & General whole of life insurance provides protection for the rest of your life, paying out when you pass away. It could be a good alternative to over 50s life insurance if you’re in good health as the application includes medical questions.

Available to applicants aged 18 - 84.

Compare quotes through the Reassured advised team.

Income protection insurance

Legal & General income protection is a type of policy that provides monthly payments during a set term if you’re off work due to illness or injury.

Available to applicants aged 18 - 59.

Compare quotes through Reassured's advised team.

Life and critical illness cover

Legal & General offer term life insurance combined with critical illness cover which pays out if you pass away or are diagnosed with a specified critical illness.

Available to applicants aged 18 - 67.

Compare quotes through Reassured.

We’ve written a review of Legal & General life insurance and a review of Legal & General income protection if you’d like to learn more about these policies.

Legal & General over 50s life insurance contact number

For direct Legal & General over 50s life insurance quotes
Tel: 0800 316 8539 (lines open 08:30 - 20:00 Monday to Friday, and 09:00 - 13:00 Saturday).

For existing customers who want to make changes to their policy
Tel: 03700 600015 (09:00 - 18:00 Monday to Friday).

For existing customers who need to make a claim
Telephone: 0800 009 3506 (09:00 - 17:00 Monday to Friday).

If calling to make a claim, you’ll need to have the following documents and details ready

Death certificate
A Will, if one is held
Date of the policyholder’s death
Policy number

Compare over 50s life insurance quotes [From £5 a month]

Hopefully this Legal & General over 50s life insurance review has helped you to better understand this product and what it could offer you.

While we can’t provide Legal & General over 50s life insurance quotes, we can compare quotes from other leading insurers to help you make a fully informed choice.

Shopping around could help you save money, as well as find a better policy to suit your needs.

Our FCA-regulated service is fee-free and without obligation.

Compare over 50s life insurance quotes through Reassured today and see if we can help you find the perfect policy for your budget.

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Sources:

[1] https://www.defaqto.com/star-ratings/life-protection/over-50s-life-assurance?search=legal%20&%20general

[2] https://www.fairerfinance.com/ratings/brands/legal-general

[3] https://www.legalandgeneral.com/insurance/over-50-life-insurance/premiums-and-payouts/

[4] https://www.legalandgeneral.com/about-us/

[5] https://www.sunlife.co.uk/funeral-costs/

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Legal & General over 50 life insurance review

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