High Net Worth

As part of Legal & General’s long term commitment to the protection market we are pleased to announce the launch of a new dedicated High Net Worth service.

Our aim is to ensure that your high net worth business is underwritten and completed with the minimal amount of disruption and delays providing an exceptional level of service for both you and your client.

A new suite of marketing material is available as follows;

• High Net Worth Customer Brochure - W11576 (pdf - 500 KB)
• High Net Worth IFA Cardiff Adviser Guide - W11575 (pdf - 727 KB)
• High Net Worth IFA Hove Adviser Guide - W11575 (pdf - 727 KB)
• High Net Worth IFA Price Match - W11601/IFA (pdf - 52 KB)
• High Net Worth Underwriting Calculator sales aid - W11623 (pdf - 56 KB)
• High Net Worth Underwriting Calculator (xls - 239 KB)

You can order these from your usual Legal & General service team.

The High Net Worth Service offers the following benefits:

• New limits to determine High Net Worth business before the need for financial evidence. An application will be eligible for this service when the sum assured meets the following criteria:
  • Life Assurance - £600,000+
  • Critical Illness Cover - £350,000+
  • Whole of Life Protection Plan - £600,000+
  • Income Protection Benefit - £2,000+ (per month)
  • Mortgage Payment Insurance - ££2,500+ (per month)
  • Family and Personal Income Plan - £600,000+ (Based on commuted benefit)
• A dedicated High Net Worth team to manage these applications, from receipt to completion. They have instant priority access to Legal & General’s most experienced underwriters. The team will acknowledge receipt of the application, indicate missing information, confirm medical and financial evidence, provide active management of submitted applications through to completion and provide regular updates based on your needs.
• UK-wide coverage for medical examinations through Harley Street Doctors Group. Every appointment is managed centrally and ensures GP coverage, including illness and holidays. This ensures clients can choose a time, date and location for a medical appointment that is convenient to them.
• Evidence issued within 24 hours from receipt; and notification to you within 48 hours from receipt.
• Price Match allows both Legal & General and you to match the premium offered by a competitor by sacrificing both commission and profit. This means Legal & General can work with you to place the business by reducing the financial impact. This facility gives you greater flexibility and control by allowing you to match protection premiums in certain circumstances. Legal & General will profit sacrifice, in line with your commission sacrifice to match the premium required.
• Launch of a new Financial Underwriting Tool that financially underwrites at point of sale. This automated financial questionnaire will give you a financial underwriting decision immediately. The tool will either accept or refer the application once completed. For referred applications, the tool will outline any further evidence required.

For more information contact the Specialist Protection Team .