Decreasing Life Insurance - Important information The information on this site relates to our current range of products and additional benefits. If you already have an existing life cover policy with us please refer to your original policy documents as they may differ from the following information depending on when you took your policy out. Please be aware of the following information before you apply for either our Life Insurance or Decreasing Life Insurance policies. You should also read the Policy Summary PDF PDF : 935KB and Policy Booklet PDF PDF : 3.2MB before you apply. Risks It's essential that you answer all the questions we ask in your application fully and accurately. If you fail to mention something like a medical condition, for example, we may not pay out in the event of a claim. Please don't assume that we'll contact your doctor. It's your responsibility to fill in the application accurately. Your policy may not completely pay off your outstanding mortgage unless you ensure that your amount of cover is adjusted to match any new mortgage arrangements. If you have Decreasing Life Insurance you must also check that the interest rate applied to your mortgage does not become higher than the interest rate applied to your policy. These are not savings or investment products and have no cash value unless a valid claim is made. If you stop paying the premiums before the end of your policy, your cover will end after 30 days and you will not get anything back. You may want to check that the length of the policy is long enough to cover the duration of your mortgage term. Premiums The main factors are your age, occupation, smoker status, health, the level of cover you need and type of contract that you choose. Normally, the older you are, the higher the premium. Your individual height, weight, medical history and lifestyle are all assessed. Premiums start from just £6 per month depending on your individual circumstances and needs. Premiums are guaranteed throughout the length of the policy, unless you alter your policy. If you take out Life Insurance or Decreasing Life Insurance with us, you have the option to pay your premiums monthly or annually. Get a quote Or call us on 0800 316 5591 8:30am to 8pm Monday to Friday 9am to 1pm Saturday We may record and monitor calls Key documents Please read before you apply Policy Summary PDF PDF size : 1021 KB Policy Booklet PDF PDF size : 3459 KB Find out more Additional benefits FAQs Facebook Instagram LinkedIn YouTube Twitter Accessibility Legal and regulatory information Privacy policy Cookie policy Security information Sitemap All our websites About us Making a complaint Group website Modern Slavery Statement Careers © Legal & General Group plc 2021 This Website uses Cookies We use cookies to make this website work, and to understand how you use it. This helps us to improve our service and your online experience. Cookies may also collect limited data about your interactions with websites that we may use to provide you with specific content, or to share relevant offers on other websites and social media. You can read our cookie policy to find out more about the cookies that we will store on your computer or device. You can easily customise your cookie settings at any time by using the link at the bottom of our website. For the best experience, we recommend that you accept all cookies. Customise Cookie Settings ✓ Accept All Cookies