Protection Update - Issue 98

Reprice of our Whole of Life Protection Plan

We’re really pleased to tell you we’ve significantly repriced our Whole of Life Protection Plan, cutting premiums by an average 6%. So next time you’re looking for a guaranteed whole of life quote, you’ll see an even more competitive offering from Legal & General.

Our product pays out a lump sum on death of the life assured and guarantees that premiums won’t change throughout the life of the policy. There is, however, an indexation option that provides the policyholder with the ability to increase the benefit and premium each year to help keep the benefits in line with inflation.

A whole of life policy pays a guaranteed lump sum on death that can be used as part of inheritance tax planning. With around 37,000 estates paying a total of over £3.8bn of inheritance tax in 2007/2008 according to HMRC, inheritance tax remains an important planning area for many clients and therefore an excellent sales opportunity for you outside of the mortgage market.

The plan can also be used for business protection or family protection purposes.

If you’d like any more information or updated sales material, please visit our Adviser Centre. Or you might like to call the protection sales team on 0845 273 0010 (we may record and monitor calls, and call charges may vary).

This is not a consumer advertisement. It is intended for professional financial advisers and should not be relied upon by private individuals or any other persons.