View more on these topics

L&G launches guaranteed acceptance over 50s plan

Legal & General has unveiled its plans to launch a guaranteed acceptance over 50s life insurance plan to people aged 50 to 75.

The direct whole of life product is not underwritten and monthly premiums for the policy are guaranteed, which means that they will not increase after the policy starts.

There are eight levels of premium available ranging from £8 to £48 with a maximum sum assured of £20,000. The amount of cover automatically increases by 10 per cent after five years without any extra cost.

L&G marketing and channel development director Alan Ferguson says: “People often want a simple, straightforward insurance policy to help their family and dependents out financially after they are gone. The cost of some funerals has risen by 40 per cent in the last year alone, so this could be an attractive option to those over 50s that want to leave a small financial legacy.”


The Irish Government to safeguard all deposits

The Irish Government has announced it will guarantee all deposits in the wake of turbulence in the international financial markets.
In response to the announcement, shares in the three biggest banks climbed.

Structural damage

Much to the annoyance of my family, I have spent the weekend watching the Ryder Cup. Even as I write this article, I am enjoying the thrills and spills of the singles on Sunday night.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm