Legal & General Insurance
We provide life insurance products to protect the families and lifestyles of around five million UK customers and over one million in the US. Our UK group protection business provides insurance cover for around two million corporate employees.
Markets and business segments
- UK Retail life insurance
With over five million customers, our success is due to our multi-distribution channel strategy, our scale, experience in underwriting and dedication to delivering digital solutions to improve customer experience.
Product range include term assurance, critical illness cover, income protection, whole life and over 50s plans.
- UK Group Protection
We're firmly committed to the workplace health and wellbeing market, investing in our business and improving the employee and employer experience through digital developments.
We're fully engaged with government with specific dialogue around products and services that may help support and alleviate the welfare bill.
We're developing additional products and services that help treat mental wellbeing in the same way as physical wellbeing in the workplace.
We're supporting, sponsoring and developing capability to help employers, employees and advisers with tools to keep people happily and healthily in work.
- Mortgage Club and surveying business
Our mortgage club has relationships with 67 different lenders who help our distribution partners find appropriate mortgages for their customers.
In 2016, £53 billion of mortgages were facilitated by our mortgage club, representing a 20% share of the UK mortgage market. The wide reach of this business is shown through our database of over 10,000 mortgage brokers.
We also help customers through our surveying business where in 2016 we arranged approximately 520,000 valuations.
- US business
Our US business has been successful through our relationships with broker agents, giving us a strong market share in the Term Life market. Our vision is to use technology to achieve a digital transformation in the business, which will enable us to widen our distribution reach and grow the customer base.
In 2016 US Protection premiums rose by 3% to $1,220m benefitting from strong relationships with brokerage general agents (BGA).
We’re the 4th largest provider of term life through BGA distribution channel and the 10th largest provider of term life by APE in the US.
We have 1.2m customers.
Although we operate mainly in the UK, our aims are to expand our US business, through the use of digital applications.