I got a quote from Policy Genius for a 30-year term life insurance with Legal & General that doesn’t need a medical exam. Can you tell me if Legal & General is a trustworthy insurance company? Thanks!
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Legal and General life insurance is one of the 10 largest insurance companies in the world.
You can check it out here: List of largest insurance companies - Wikipedia
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They boast a high claims payout rate, with 96% of life insurance claims paid in 2022.
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Legal & General seems pretty solid in my opinion. They’ve been around for ages and they even won awards for being a good life insurance company.
Now, I can’t guarantee anything, but in my experience, companies that win awards and stick around that long are usually pretty trustworthy. Also, they have a decent rating for paying out claims, which is what really matters.
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The Banner Life is a top carrier for quick, simple coverage without additional features like conversion options or living benefits for critical and chronic illnesses. They are Superior AM A+ and highly rated, and if offered the best offer, they would be a good choice.