Legal & General over-50s life insurance plans announced

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Legal & General over-50s life insurance plans announced

Legal & General has launched some new over-50s life insurance plans for those considering some extra financial peace of mind during the recession.

The organisation is offering those aged between 50 and 80 the opportunity to take advantage of guaranteed acceptance for the plans online, by phone or by post.

Once the subscriber hits their 90th birthday, monthly premiums will cease, but cover continues automatically until their death.

The Funeral Plan and Increasing Plan can be reviewed annually considering the rate of inflation, but the sum assured can be frozen at any time.

"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," stated director of marketing and channel development Alan Ferguson.

Legal & General also provides consumers with pensions, home insurance and investments.

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