Lifestyle Cover from Legal & General Insurance provides peace of mind for your customer that they can protect the things that matter in the event of accident, sickness or involuntary unemployment.

What is covered?

The table below gives an overview of what is covered and the options available under this policy.

For full details of what is covered, including the limits, exclusions and eligibility criteria, please refer to the Lifestyle Cover - Policy Booklet or Lifestyle Cover Insurance Product Information Document (IPID)  

Key definitions

To help you understand some of the terms mentioned in the tables below.

  • Qualifying period: A period of 60 days from the start date or amendment date. This only applies to unemployment cover
  • Deferred period: The number of days when we don't  pay benefit at the start of the claim
  • Gross monthly income: Your customer’s monthly income before any taxes or other deductions. Commission, dividends and bonus payments, which are a regular feature of their income can be included. Other payments cannot be included, even if these are a regular feature, such as overtime payments, car allowances, expenses and any investment income
  • Claimants commitment: A signed arrangement with a Jobcentre outlining the activity, intended to help you to find employment. This can also be called a 'Jobseeker's Agreement'.
What we provide What clients want
  • Monthly benefit up to 65% of your client’s gross monthly income (before taxes or any other deductions)
  • Up to 12 months benefit payment period
  • Maximum benefit of £3,000 per month
Piece of mind
Provides a monthly benefit to replace your clients income so that they can meet their financial commitments and protect their lifestyle.
  • Choice of ASU, AS and U only*
  • Can change cover options if circumstances change
  • Choice of four deferred periods for AS and three deferred periods for U

Flexibility
Clients want to be able to change their cover if their circumstances change.

  • Cover linked to income rather than any specific credit agreements
Simplicity
One product that protects financial commitments and living expenses.
  • Risk rated premiums at point of sale without lengthy medical underwriting
Timely
Quick and easy application process.
  • Continuity of cover provided with no new unemployment qualifying period (subject to meeting certain criteria, which can be found in the Key Features)
Single provider
A product that protects income and removes the need for multiple contracts for individual credit agreements and living expenses.
  • A recognised and trusted brand with a successful heritage
  • The Legal & General Group, established in 1836, is one of the UK's leading financial services companies. As at 31 December 2017, we had over 9.5 million customers in the UK for our life assurance, pensions, investments and general insurance plans
Reputable company
Clients want the peace of mind that they are covered by a reputable and solid company.
  • Dedicated UK call centre
  • Friendly and knowledgeable staff
  • A reputation for efficient claims handling
Excellent service
Clients want the best service when it matters most. Claims should be handled quickly and efficiently.
*This option is not applicable to Owl Financial advisers.

Deferred period

All policies are subject to a deferred period. This is the period at the start of the claim when we won't pay benefit. There are differences in premium depending on the deferred period selected, the premium may be lower if a longer period is selected. Here are the options

  • 30 days
  • 60 days
  • 90 days
  • 180 days option for accident and sickness cover only 

Monthly benefit payment options

For even more flexibility, we offer two ways of paying monthly benefit to the customer when they make a claim.

Benefit payment option How does it work? Example
Standard option Legal & General will make the first monthly benefit payment 31 days after the deferred period ends.

We will then make any further payments in arrears at 30 day intervals.This option is available with all deferred periods.

If your customer chooses the standard option and a 30 day deferred period, then their first monthly benefit payment will be made to them 61 days after the first day of the claim.

Any subsequent payments will be made to them every 30 days afterwards.

Back to day one option

Legal & General will make the first monthly benefit payment on the first day after the deferred period ends.

We will pay monthly benefit back to the first day of the customer’s claim and any further payments will then be made at 30 day intervals.

This option not available with a 180 day deferred period.

If the customer chooses the back to day one option and a 30 day deferred period then their first monthly benefit payment will be made to them 31 days after the first day of the claim.

Any subsequent payments will be made to them every 30 days afterwards.

What isn't covered?

Sections 4 and 5 of the Lifestyle Cover – Policy Booklet have the full exclusions and limitations for accident sickness and unemployment cover. We’ve listed the main exclusions and limitations below.

Accident and Sickness - We don’t provide cover:

  • For pre-existing conditions. This means in the 12 months from your customer's policy start date, or the date your customer adds accident and sickness cover to their policy, any medical condition for which your customer had symptoms, treatment or medical advice during the previous 12 months won't be covered.
  • For normal pregnancy
  • For stress or anxiety
  • For depression unless the symptoms are defined as severe by a suitably qualified consultant or your doctor
    Note: We will only consider depression to be severe if it meets the definition of severe under the NICE guidelines www.nice.org.uk/guidance
  • For back or back related conditions, unless your customer's condition is confirmed by a suitably qualified consultant and they remain under the continuing care of a suitably qualified consultant, or their treatment is under the direction of a suitably qualified consultant; and
  • For elective or cosmetic surgery, which isn’t medically necessary

Unemployment Cover - We won’t pay monthly benefits for:

  • Unemployment which your client has been told about, either verbally or in writing, or a re‑organisation, restructure or programme of redundancy, affecting their role, which is formally announced by their employer before the unemployment cover starts
  • Unemployment which they have been told about, either verbally or in writing, or a re‑organisation, restructure or programme of redundancy, affecting their role, which is formally announced by their employer within the 60 day qualifying period unless we have agreed to match unemployment benefits from another policy
  • Voluntary unemployment, including resignation, or unemployment due to a disciplinary
    action by their employer
  • Unemployment caused by your clients employer terminating their contract within, or at the
    end of, your clients stated probationary period
  • Your client stopping work to become a full time carer for a member of their immediate family within the first 60 days of unemployment cover starting