Legal & General pays over £42m of Covid-19 UK life insurance claims

Legal & General (L&G) has announced that it has paid £42.8m of life insurance claims within the UK for Covid-19 between March 1 and December 1, 2020. This is the combined total of paid life claims for individual (£34.1m) and group (£8.7m) and represents 99% of all Covid-19 life claims for more than 1000 claimants. Men made up 71% of claims and the average claimant age was 68 years old. Of the very few Covid-19 claims that have been declined, the vast majority are due to misrepresentation of pre-existing underlying health conditions which would have contributed to the Covid-related ...