Advantages cheapest I could find
Disadvantages have to die to get the money !
|Competitiveness of APR|
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|Value for money|
|Online - Content/organization of site||Good|
|Online - Reliability/speed of site||Good|
Although Legal & General provide a range of financial products and services, this review is specifically concerned with life assurance as that is the area in whjch I have personal experience of dealing with them.WHY INSURE
As it turned out I was widowed early and with three children to bring up, was very grateful to him for his prudence.The mortgage was paid and I was well aware of the need to get my life covered to protect the children should something happen to me.I would now always recommend a decent amount of life cover and have made sure my children, all now adults, have enough cover to safeguard their own families should the worst happen.
WHY TERM ASSURANCE
There are 3 main types of assurance that pay out on death.
This can be used alongside an interest only mortgage as a means of repayment, or can stand alone as a savings plan that also has an element of life assurance.
The 'savings' aspect has been exposed as poor of late.
The insurance sum is very small for the premiums paid because of the dual nature of these plans.
In my opinion term insurance is the simplest and best deal, out of these.WHY LEGAL & GENERAL
Premiums are affected by age, existing state of health, whether a recent smoker, amount assured, and length of term chosen.
Female 55 £50.000 assured 10 year term - £14Male 30 £100,000 assured 20 year term - £7
Male 26 £100.000 assured 20 year term - £10 (has a pre-existing medical condition)
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