Your questions answered
We've answered some questions about our Lifetime Care Plan.
Why have Legal & General entered the care market?
We’ve joined the care market, with the launch of our new immediate needs annuity, the Lifetime Care Plan.
When it comes to care advice, clients and their families often ask more of you than just financial advice. We know that this space can be extremely rewarding, but with a complex market, that can be time-consuming and frustrating, this can take time.
We believe we can make a difference in this market. We want to support you by helping you turn some of your most complicated discussions with your client, into care conversations, that really make a difference to their wellbeing.
Have Legal & General launched to the whole of the intermediary market?
We'll be launching the Lifetime Care Plan with St James’s Place on 24 June 2019 and we've already launched with one other specialist care adviser.
Currently these are the only advisers who are able to provide our Lifetime Care Plan to clients.
We plan to roll out our Lifetime Care Plan to all advisers in the future.
What is a Lifetime Care Plan?
A Lifetime Care Plan is an immediate needs annuity, which will be available for all St James’s Place partners.
The Lifetime Care Plan will include options to have fixed payments, or a payment that increases by a fixed percentage or in line with RPI each year.
A Guaranteed Premium Protection option is automatically included for the first six months of the plan, and your client can also choose Additional Premium Protection.
You can find full details in our PDF file: Lifetime Care Plan Key Features Q0057792 PDF size: 1.5MB
How can I find out more about the Lifetime Care Plan?
We hosting a 60 minute CPD webinar with St James's Place, which gives more information about the plan and why we’ve decided to enter the care market.
Beyond Caring Conversations
Our Lifetime Care Plan webinar covered:
- An evolving world: the impact of macro and socio-economic factors on the care market.
- Care insights: our consumer and adviser research and a growing need for change.
- Why we believe we can make a difference.
- Introducing our Lifetime Care Plan.
- Our process and how to get a quote.
- How we will support you and your clients.
Who should I contact if I have a query about my quote, application or policy?
You can contact our team for quote or application queries:
Phone: 0345 070 2459
If an application has been accepted and is in payment, you can contact our in payments team:
Phone: 0345 766 0813
Call us Monday to Friday between 9am to 5pm.
Call charges will vary. We may record and monitor calls.