Life insurance = Peace of mind

What is life insurance?

Life insurance is a contract between an insurance provider and a policyholder that gives your loved ones financial protection in the event of your death. The policyholder agrees to pay a monthly premium in exchange for a guaranteed payment to a designated beneficiary upon the insured person's death. Premiums are determined based on the amount of coverage you need and the amount of risk assumed by the company for the specified time of the policy. Aside from the financial benefits, life insurance provides peace of mind, a future for your family and no scary surprises during that challenging time.

How does life insurance work?

When you purchase a life insurance policy and continuously pay your monthly premiums, in the event of your death your chosen beneficiaries can submit a formal request (also known as a claim) to the provider and receive the payout benefit. With Legal & General America, you can purchase a life insurance policy from an agent or you can get a free quote online to start the process on your own. When it is time to file a claim, your designated beneficiary can easily start the process by submitting the policy information through a secure online form and, once approved, get their payment processed in one day.

Who needs life insurance?

None of us know what the future may bring. If you have children or a spouse who depends on your income, life insurance means your loved ones could be protected from paying your debts and funeral expenses, and may even help them to be completely debt-free when you’re no longer around.