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Legal & General Income Protection Insurance

Income Protection Insurance.  Enjoy 3 Months' FREE cover

Fill in the form on this page with the code BL3MF to qualify for THREE MONTHS’ FREE COVER when you set up your income protection policy with us.

Legal & General Income Protection Insurance – Introduction

Founded in a Chancery Lane coffee shop in 1836, Legal & General plc is a leading insurer in the field of protection insurance, with more than 10 million customers worldwide in 2016.

In 2015, Legal & General won the COVER Excellence Award for their income protection.

Here at Black Lion Insurance, our opinion is that Legal & General income protection insurance suits people in relatively low-risk occupations (see more below), This notwithstanding, cover is comprehensive and could provide generous benefit pay outs in the case of a claim.

Financial Strength

Legal & General is one of the largest insurance companies in the UK.  Not only that, as a member of the FTSE 100 index it is also one of the biggest companies.

L&G held an Insurance Groups Directive surplus of £4 billion in 2011; this is over twice the regulatory requirement.

Legal & General Income Protection Insurance.
Your At-a-Glance and Comparison Guide

In our opinion, income protection insurance is a must-have.  If you are self-employed as a Contractor, a Director or in a senior position in your job, that proverbial rainy day may be a long way from your everyday considerations

We understand.

However, life events occur when we least expect it.  Accidents and unexpected illnesses can, and do, catch us all up short.

And, have you given much thought to what would happen if you were unable to work in these circumstances?  Well, we’re guessing that you have, as you’re on our website.  Welcome.  Most people, however, are not thinking about insurance.  There’s “stuff” going on.

We get that, too.

Black Lion Insurance offers exceptional advice to individuals like you in senior self-employed roles, enabling you to keep a roof about your head with benefits payments through income protection insurance.

What is Income Protection?

Income Protection insurance (IP) is designed to pay out on a monthly basis to replace some or most of your salary should you be incapable of working.  You could receive between 50-70% of your gross income.

In the event of a claim (and after a potential deferred period), you could cover your mortgage, your bills and living expenses.  It’s total peace of mind for you and your family.

Regarding Legal & General income protection insurance, please feel free to read our comparison guide for information and refer to us for more in-depth advice.  As holistic, whole of market advisers we have bargaining power with our retained insurers – and as you can see, we offer 3 months’ additional cover for FREE.

Importantly, we know the income protection market inside out, sideways and back to front.  We’re here to help, educate and inform our customers so that they can make the best choice.

Here are some key points about Legal & General:

  • Aviva offers “own occupation” cover, enabling you to claim if you are unable to carry out your own profession or job, rather than any occupation.
  • If you have a profession category considered by Legal & General to be “lower risk”, L&G’s cover could be ideal. For example, you are more likely to qualify for income protection if you work in an office for most of the time, say 75%. If you are an agricultural worker, or a stunt artist, L&G’s cover will not be suitable for you.
  • Legal & General offer a maximum cover benefit of up to £200,000 per year. Therefore, this cover could suit higher earners well.
  • When your policy commences, you can choose to index it so that it stays in line with the Retail Price Index. If, however, RPI is increased, your premiums will go up by 1.5 times RPI.  Also, L&G limit increases in your monthly benefit to a maximum of 10%.
  • Legal & General income protection insurance product includes an Income Guarantee. If your salary decreases during the lifetime of the policy, you are guaranteed an income of either your initial entitlement, or £1,500 per month – whichever is lower.
  • In the event of a claim, if you work 16 hours a week and are not receiving a regular wage, or if you are unemployed when you claim, if your incapacity includes everyday activities (there are definitions for these) you could still be eligible for pay outs.
  • If your salary decreases during the lifetime of the policy and you claim, you will receive benefits either based on £1,500 per month or the original benefit that was agreed (whichever is the lower)
  • Activities of Daily Living. Although L&G uses own occupation cover, ADW cover is relatively strict, stipulating that you must be severely incapacitated in order to claim.  Activities could include walking, reading, writing, bending over and speaking.

Overview of Key Policy Details

Policy Type Income Protection
Premium Guaranteed or reviewable.
Maximum Claim Duration


Limited term option available with a maximum benefit period of 2 years.

Incapacity Definition

Own Occupation

If you work 16 hours a week, L&G will use their “Activities of Daily Living” incapacity calculator.

Deferred Period 4/ 8 / 13 / 26 / 52 weeks


L&G will increase your benefit by the RPI (if you select this option), however, the premium will rise by 1.5 times the RPI.

Waiver of Premium Automatically included
Maximum Cover (% of income)

Up to 60% of your gross earnings or up to a maximum of £200,000 per year.

The maximum monthly benefit is 60% of gross earnings up to £60,000 per year or 50% over £60,000.

Index linked policies are limited to a maximum of £100,000 per year.

Minimum Entry Age 18 years
Maximum Entry Age 60 years.
Maximum Policy Term Up to your 70th birthday or your chosen cease age.
Guaranteed Insurability


Salary increase

Marriage or civil partnership

Mortgage increase

Every 3rd anniversary of your policy

Guaranteed Benefit The lower of £1,500 per month or your chosen monthly benefit at the start of your policy.

Some Key Points About Legal & General.  Plus additional benefits to help you recover.

Second Medical Opinion Service.  Legal & General offer you access to a second opinion on your diagnosis, should you so choose.  You will be given up to £300 for a private consultation, plus a supporting report which will be sent to you and your GP

Should you require hospital treatment, L&G provide Hospitalisation Benefit of up to £150 per night, payable for up to 13 weeks.  This is available until the end of the deferred period or until you leave hospital, depending on which is the soonest.  added value element of your cover.

Life Cover.  A lump sum equal to 12 times your monthly premium will be paid out to your family if you die during the lifetime of the policy.

Continuous Cover.  Legal & General will continue your cover even if you lose your job or go on maternity or paternity leave.

If you travel to or live in any part of the EU, USA, Canada, Australia, New Zealand, Isle of Man or the Channel Islands, you will benefit from overseas cover with L&G.  However, if you claim whilst travelling or living in any country not covered, your benefit will be paid for a maximum of six months.

Evidence and Proof.  As with all income protection insurers, you will need to offer proof of incapacity, such as medical reports, as well as proof of earnings for the last 12 months. You will also need to provide some form of written consent.

Do YOU need advice from Black Lion Insurance?

Our aim is to help you make an informed choice on insurance products and we have the expertise and experience to help you do just that.

In our view, L&G’s own occupation and Activities of Daily Living stipulations make it very important that you take advice in order to find the best cover for you, your circumstance and your family.

So, to answer your question – yes, you do need our advice, at least in our opinion.  We may be able to negotiate some excellent price options for you, too.

Should the worst happen, income protection insurance could be the best cover you ever bought, but it has to be the right one.

Income Protection Insurance.  Enjoy 3 Months' FREE cover

Fill in the form on this page with the code BL3MF to qualify for THREE MONTHS’ FREE COVER when you set up your income protection policy with us.

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Income Protection FAQs

From our most commonly asked question "Do I need income protection insurance?" to information on what affects the cost of your policy.

What our clients are saying

Black Lion insurance were great in helping me get through the countless jargon and pitfalls when it comes to setting up insurance. I was thankfully recommended to them by a colleague and they made the process seamless ensuring I have the most appropriate policy for me.

I’m an IT contractor and I wasn’t sure if I was eligible for this cover, however, to my delight, not only could I have the cover, but I could pay it through my Ltd company. I was covered within an hour of getting in contact. Very prompt and informative service!
Sanjay P

Polite and very clear when explaining my product of interest. Happy to answer any questions and recap on areas that I wanted to ensure I understood clearly before committing. Didn’t feel pressured or rushed at any point and the chap was very pleasant.
Donna Rudd

About Us

Part of Halo Consulting, Black Lion Insurance are a dedicated team of insurance consultants with years of experience in guiding our clients to a solution that meets their specific needs. We specialise in helping both employed and self employed individuals, as well as business owners on a variety of solutions, which range from life insurance, income protection insurance, keyman insurance and shareholder protection insurance.

The guidance and/or information contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK

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Black Lion is part of Halo Consulting and a trading style of Halo 2018 Ltd which is authorised and regulated by the Financial Conduct Authority (FCA). Financial Services Register Number 811239. “