InsuredBetter's Legal & General America Insurance Score
3.5 Stars
We award Legal & General America a final rating of 3.5 out of 5 stars. The insurance company is highly rated by AM Best and has demonstrated strong financial stability over time. The carrier is also highly rated by the Better Business Bureau (BBB) but is not accredited by the organization.
Legal & General America is a part of Legal & General Group Plc., which was founded in 1836. The insurance company itself has been providing life insurance to customers in the U.S. for more than 70 years.
Legal & General America is comprised of Banner Life Insurance Company and William Penn Life Insurance Company of New York, its subsidiary. The carrier specializes in offering several forms of quality life insurance products, including term and universal life insurance.
Legal & General America offers several term life insurance coverage periods for customers. Coverage is available nationwide. Overall, we say Legal & General America is worth looking into as one of your options for life insurance with your independent insurance agent.
Legal & General America Pros and Cons:
| Pros: | Cons: |
|---|---|
Part of Legal & General Group Plc, founded in 1836
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Not BBB-accredited
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Specializes in life insurance products
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Mixed customer feedback
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"A" (excellent) rating by AM Best
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No online claims reporting
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"A-" rating by the Better Business Bureau (BBB)
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Several term life insurance coverage options
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Legal & General America Insurance Products by Type
Legal & General America insurance company specializes in life insurance products. Its offerings include:
Life Insurance:
- Term life insurance
- Whole life insurance
- Permanent life insurance
- Universal life insurance
- Final expense insurance
- Retirement planning services
- Annuities
Legal & General America Term Life Insurance
Legal & General America offers term life insurance policies with fixed premiums throughout the term period. The carrier offers several choices for terms, including 10, 15, 20, 25, 30, 35, and 40 years.
Applicants between the ages of 20 and 75 are eligible. Customers age 50 and under may qualify for coverage with no medical exam. Coverage limits of $100,000 and higher are available.
Legal & General America Term Life Insurance Average Prices
Legal & General America's term life insurance prices are pretty on-par with many other carriers'. Here's a breakdown of some average annual prices for Legal & General's 10-year term life insurance policies with $250,000 of coverage by customer age.
Legal & General America Term Life Insurance Prices by Age
| Age | Female Average Policy Premium | Male Average Policy Premium |
|---|---|---|
| 30 | $101 | $140 |
| 40 | $133 | $172 |
| 50 | $245 | $305 |
| 60 | $562 | $804 |
| 70 | $1,704 | $2,107 |
What Discounts Does Legal & General America Offer?
Legal & General America does not make its discount information readily available. However, an independent insurance agent can help you find discounts and other money-saving options you may qualify for through the carrier.
Legal & General America Customer Service
Here's a breakdown of Legal & General America's customer service options and availability:
- Phone
- Fax
- Snail mail
The customer service phone department has the following hour restrictions:
| Days | Hours (EST) |
| Monday-Friday | 8 a.m. - 5 p.m. |
| Saturday | CLOSED |
| Sunday | CLOSED |
To ensure a great customer service experience, work together with an independent insurance agent. Independent insurance agents can help handle claims and other matters for you, so you can relax and enjoy your coverage.
Legal & General America Insurance FAQs
What is Legal & General America's average claim response time frame?
Legal & General America does not make a specific claims response time frame promise on its official website or social media. Claims must be reported by phone.
What is Legal & General America's customer service availability?
Legal & General America provides several contact options for customers, including phone, fax, and email. Its phone contact hours are open during the typical window, Monday through Friday.
What is Legal & General America's claims process?
Legal & General America's official website details the information customers need to have ready when filing a claim. The carrier does not provide much information about its actual claims process, though. An independent insurance agent can also help file claims for you directly.
Does Legal & General America's website create a user-friendly experience for customers?
Legal & General America's website is easy to navigate. However, customers would benefit from having more information provided to them through the website, such as discount details and when to expect a response to their claims. Online claims reporting also appears to be absent. Overall, Legal & General America falls a bit short in terms of user-friendliness.
Does Legal & General America have good life insurance?
Legal & General America's term life insurance comes with the following perks:
- Coverage periods of 10-40 years
- Extended coverage term riders available
- Affordable fixed premiums
Applicants age 50 and under may also qualify for coverage with no medical exam. An independent insurance agent can help you find more information about the carrier's life insurance coverage.
Is Legal & General America a good insurance company?
Legal & General America has been in the industry for several decades and offers several life insurance options for different kinds of customers. The insurance company also claims to have affordable premiums. The carrier is highly rated by AM Best and the BBB, overall qualifying it as a good insurance company.
Who are Legal & General America's insurance products right for?
Legal & General America's insurance products may be right for customers in search of life insurance, particularly term life insurance. Coverage is available nationwide.
How much are Legal & General's average term life insurance rates?
Legal & General's average term life insurance rates vary by customer age and health status. A 30-year-old with a 10-year term life insurance policy can expect to pay $101 annually (female) or $140 annually (male).
Sources
https://www.lgamerica.com/
https://news.ambest.com/PR/PressContent.aspx?refnum=34032&altsrc=9
https://www.bbb.org/us/md/frederick/profile/life-insurance/legal-general-america-0011-90358928
https://www.forbes.com/advisor/life-insurance/legal-and-general-america-life-insurance-review/
