That`s us! Legal & General America is the U.S. insurance arm that leverages the expertise of one of the world`s ten largest insurers. We specialize in providing life insurance solutions to families and businesses. Life insurance is a contract between you and an insurance provider that pays a death benefit and is funded by premium payments. Think of it as a kind of financial safety net that allows you to live your life to the fullest while being financially protected for the unexpected. In 2014, the company established Legal & General Reinsurance, a Bermuda-based reinsurance company. Legal & General Re completed its first external transaction on the Dutch market in December 2015 in cooperation with ASR. [27] In May 2016, Legal & General Assurance in the UK purchased Aegon`s UK bond portfolio worth $3 billion. GBP. [28] Get affordable life insurance and financial protection for the people who matter most to you. As one of the strongest life insurers in the country, LGA is the second largest term life insurer in the United States.
Our long history of serving families and our continued financial strength are our foundation. Term life insurance products tend to be the cheapest and cover temporary needs such as mortgage protection. Universal life insurance policies offer lifetime coverage and may include a cash value savings component or flexible payment options. LGA life insurance products are underwritten and issued by our companies, Banner Life Insurance Company and William Penn Life Insurance Company of New York. There are a variety of life insurance policies. Generally, your life insurance policy will remain active as long as the terms of the contract are respected. This generally means that a death benefit will be paid in the event of death, provided the premium or funding requirements are met. Legal & General Group plc, commonly known as Legal & General, is a British multinational financial services and wealth management company headquartered in London, England.
Products and services include investment management, life mortgages (a form of share release), annuities, annuities and life insurance. From January 2020, following the sale of Legal & General Insurance to Allianz, Allianz will no longer offer non-life insurance. [3] The firm operates in the UK and US, with investment management firms in the Gulf, Europe and Asia. [1] Familiarize yourself with the different types of life insurance policies If you want to demystify life insurance or learn how it protects your financial goals, check out our guides to get you started. Watch the touching story of David Meno, one of our agents who shares his personal journey and champions the importance of life insurance. Six lawyers founded Legal & General in June 1836. From our beginnings in London to our overseas expansion in 1981, our long history of insurance issuance shows how credible and stable we have been through decades of economic change. Our mission has been consistent for decades in issuing and protecting families and businesses with life insurance. Today, we use enhanced digital technologies to drive our processes and implement socially responsible business practices that allow us to give back to our community and minimize our impact on the environment. Legal & General America`s insurance products are sold in all 50 states, including D.C., through our Banner Life Insurance Company and William Penn Life Insurance Company of New York.
Our companies, Banner Life Insurance Company and William Penn Life Insurance Company, have been protecting Americans with life insurance for more than 70 years. Today, we are known as Legal & General America and are proud to be among the ninth largest insurers in the world. We are proud to be part of Legal & General Group Plc., which has been one of the world`s leading multinational financial services companies since 1836. Headquartered in London, the firm manages more than $1.7 trillion in total assets. Legal & General was founded in June 1836 by Sergeant John Adams and five other lawyers in a café in Chancery Lane. [6] Originally called the New Law Life Assurance Society, the Society was limited to lawyers. The name was changed to Legal & General Life Assurance Society to reflect the fact that the policies were available to the general public, but ownership of the shares was limited to lawyers. The group expanded into the UK and soon began acquiring foreign life insurance companies by buying a retirement business from the Metropolitan Life Assurance Company of New York in the 1930s. [6] At Legal & General America (LGA), our mission is simple: to protect more American families and businesses with life insurance. Our sole goal has been to ensure your financial well-being for over 70 years. The policy is purchased for a fixed amount of coverage equal to the amount the insurance provider pays to your beneficiary.
This payment, known as a death benefit, can be used to cover funeral expenses or large medical bills or expenses such as housing, food, education and anything else they need.
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