Legal & General paid 98% of life claims in 2017

Legal & General spent the equivalent of £1.74m a day on claims in 2017, a £30m increase on 2016's annual amount. Over the past five years, L&G has paid £2.7bn in individual protection claims, taking the amount of families who've received financial help from the firm to more than 13,000 during this period. Life A total of £313m was paid out across 9004 life claims in 2017 (98%) - the equivalent of 25 claims a day. The top three conditions were cancer (39%), cardiovascular (17%) and respiratory illnesses (16%), and the largest paid claim was £1.5m. The average age of claimants ...