Over 15,000 customers and their families received individual pay-outs from the insurer last year
Legal & General paid out a total of £731m worth of claims across life, critical illness, terminal illness and income protection policies during 2019 - the equivalent of £2m a day. The insurer has paid nearly £3bn to individuals and families over the past five years. L&G paid 97% of life claims in 2019 - a total of around £392.4m across 10,721 pay-outs. The three main conditions were cancer (37%), heart related diseases (18%) and respiratory illnesses (5%), and the average pay out was £36,608....
L&G veteran Richard Kateley says more can be done to increase engagement with products
Leading With Distinction
Alongside home and travel cover
Streamlined trust process