Legal & General claims 2016

Legal & General claims 2016

An email received from Legal & General giving their life & critical illness claim statistics for 2016:

In 2016 we paid over £606 million in claim payments to 12,000 of our customers.

That’s £64 million more than we paid out in 2015.

In fact we’ve paid out £2.6 billion in protection claims over the past five years to over 58,000 of our customers during a difficult time in their lives.

IN 2016 WE PAID:

  • 98.6% of life claims paid out – £316.5 million
  • 92.56% of critical illness claims – £181 million
  • 94.2% of children’s critical illness claims – £1.8 million
  • 95.9% of terminal illness claims – £107 million
  • 94.4% of income protection claims – £1.2 million

HANDLED WITH CARE

We’re proud of our claims payment record. During difficult times we’ve been able to help offer our customers some financial security. Not only that, with an average claims customer ease score rated 96% in 2016, our specialist claims handlers treat each individual customer with care and compassion, supporting them every step through the claims process.

A copy of their info-graphic showing more detail (and interesting reading!) is here.

It is important for you to make sure you have fully considered the implications of not having adequate protection, many people think they will be able to rely on family but don’t necessarily fully understand the full implications this will have for those involved.

The ability to move down market is also sometimes cited as an option.

We can work through these, and other scenarios so that you can fully appreciate what situation you would be in, taking into account your current cover, any benefits through work and help plan if there are any shortfalls too.

Cover can be arranged whether or not you have a mortgage, for instance you may want to take some cover out purely to provide your family with some protection should the worst happen to you.

PLEASE DON’T FORGET THAT WE AREWHOLE OF MARKET’ ADVISERS SO CONSIDER OPTIONS FROM MANY COMPANIES WHEN SOURCING SUITABLE COVER FOR YOU, AT AS COMPETITIVE PRICE AS POSSIBLE.

Please call Stuart to discuss further, any conversation is confidential and of course non-obligatory.

Beds & Bucks 01525 877650

Herts 01422 252040

Mobile 07710 770969

or email: advice@sbms-online.co.uk

 

source: Legal & General claims 2016