Legal & General is a global insurance company with a long history. With headquarters in London but offices all throughout Asia, Europe, and the United States, Legal & General has been in operation since 1836. They have been operating in the US since 1949, over 70 years.
The two key benefits of Legal & General are their low prices and their flexibility. They offer life insurance plans for as low as $7 per month. Legal & General also offers insurance policies for individuals up to 95 years of age - applicants as old as 75 can purchase new coverage through this carrier. They also work with individuals with pre-existing conditions who may not qualify for insurance with other companies. Legal & General also offers premium waivers, policy conversions, flexible payment schedules, and accelerated death benefit riders, adding to their flexibility.
While Legal & General has low prices and flexibility, they don’t have as many product offerings as other companies; they only offer term life insurance and universal life insurance. Some of their policies will require a medical examination, though there are no medical exam requirements for those who qualify. When applying for coverage through Banner Life, there’s also the chance for instant approval and/or accelerated underwriting.
Every insurance company has benefits and drawbacks. With Legal & General, you will get low cost and flexibility, but have fewer product offerings. Is Legal & General right for you? Compare them with other insurance companies right here on RateZip!