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It’s insurance business in the UK and US generates some £2,4bn premium alone.

Its group life portfolio offers cover for death, critical illness and long-term sickness. How an insurer deals with a settles claims is import to our advisors and, of course, our clients. In 2016 Legal & General settled 96.9% of all its group risk claims, with that figure rising to 99.2% for group life insurance. In total the insurer paid out some £293 million in group risk claim settlements.*

A major global player, L&G enjoys a good reputation within the financial services sector. This has been reflected by the number of industry awards it has collected.

At the 2015 Financial Adviser Life and Pension Awards the company collected five titles, including Best Protection, Best Term Assurance, Best Critical Illness and Best Life Assurance provider. It also collected a five-star rating for its Life & Pension Services in Financial Adviser’s Service Awards.

The same year L&G was also named both Best Group Life and Best Group Income Protection provider at the health insurance and protection industry’s Cover Excellence awards. In addition the Investment Life & Pensions Moneyfacts Awards saw the company named as Best business Protection Provider.**

 

* Source: legalandgeneral.com/library/workplace-benefits/protection/general-forms/2016_claims_infographic.pdf 20.09.17

** Source: legalandgeneralgroup.com/about-us/awards 20.09.17

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