Product features

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's covered?

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

For full details of what's covered, including the limits, exclusions and eligibility criteria, please refer to the PDF file: Lifestyle Cover - Policy Booklet (QGI7087) PDF size: 330KB  or PDF file: Lifestyle Cover - Key Features (QGI6850) PDF size: 133KB .

Key definitions 

We've stated the 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 your client find employment. This can also be called a 'Jobseeker's Agreement'.

Lifestyle
What we provide What customers want
  • Monthly benefit up to 65% of your customer's gross monthly income (before taxes or any other deductions)
  • Up to 12 months benefit payment period
  • Maximum benefit of £3,000 per month 
Peace 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/U
  • Can change cover options if circumstances change
  • Choices of four deferred periods for AS and three for deferred periods for U
Flexibility
Customers 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. 

  • Easy switching from existing product providers
  • Continuity of cover provided with no new unemployment qualifying period

(subject to certain criteria, which can be found in the Policy Booklet)

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 also had over ten million customers in the UK for our life assurance, pensions, investments and general insurance plans

Reputable Company
Customers want the peace of mind that they are covered by a reputable and solid company.

 

  • Dedicated UK call centre
  • Friendly and knowledgeable staff
Excellent Service
Customers want the best service when it matters most.

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; or
  • 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:

LIFESTYLE
Benefit payment option How does it work? Example
Standard Option

We 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

We 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 is 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 PDF file: Lifestyle Cover - Policy Booklet (QGI7087) PDF size: 330KB  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;
  • for elective or cosmetic surgery, which isn’t medically necessary.

Unemployment Cover:

We won’t pay monthly benefits for:

  • unemployment which your customer has been notified about, either verbally or in writing, or a reorganisation, 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 notified 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 customers employer terminating their contract within, or at the end of, your customers stated probationary period; and
  • your customer stopping work to become a full time carer for a member of their immediate family within the first 60 days of unemployment cover starting.