Legal & General paid out £638 million in individual protection claims in 2018

Legal & General has today announced how much it paid out on individual protection claims in 2018. The FTSE 100 insurer has paid out over £638m across its life, critical illness cover, terminal illness cover and income protection insurance products in 2018, the equivalent of £1.7m every day. Legal & General paid 97% of all life claims in 2018, which equates to £332.7m across 10,046 claims. The three main claim conditions were cancer (38%), cardiovascular disease (18%) and pneumonia (7%), with an average customer payout of £34,279. Legal & General also paid out £107.3m across 1,023 termina...