Legal & General Key Person InsuranceUK Provider Review 2026

Legal & General (commonly known as L&G) is one of the UK's largest and most recognised insurance providers. They hold a significant share of the UK protection market and offer key person insurance as part of their business protection range.

L&G is often favoured by advisers for their straightforward approach to underwriting and competitive pricing, particularly for standard-risk cases.

Note: We are a comparison and information site. We do not have a direct commercial relationship with Legal & General. The information below is based on publicly available product details and may change. Always verify directly with L&G or a qualified adviser.

Legal & General offers the following for key person insurance:

• Key Person Life Cover - Lump sum paid to the business on death of the key person
• Key Person Critical Illness Cover - Covers a comprehensive list of critical illnesses
• Combined Life & Critical Illness - Both covers in one policy
• Relevant Life Policy - Tax-efficient death-in-service cover for individual employees

L&G's critical illness cover includes a wide range of conditions and often includes additional benefits such as children's critical illness cover at no extra cost (though this is more relevant to personal policies).

The cost of Legal & General key person insurance depends on:

• Age - Younger applicants generally pay less
• Health history - Pre-existing conditions may affect pricing
• Smoking status - Non-smokers pay significantly less
• Cover amount - Higher sums assured cost more
• Policy term - Longer terms may cost more per month

L&G is frequently among the most competitive on price for straightforward, standard-risk cases. They are often the cheapest provider for healthy, non-smoking applicants in common age brackets.

Reasons businesses choose L&G key person insurance:

• Competitive pricing - Often among the cheapest for standard risks
• Market leader - One of the UK's largest protection providers by volume
• Strong claims record - L&G publishes annual claims data showing high acceptance rates
• Simple process - Straightforward application and underwriting for most cases
• High cover limits - Up to £15 million life cover available

As with any insurance decision, we recommend comparing quotes from multiple providers. L&G may not always be cheapest for non-standard risks or unusual occupations.

Legal & General key person insurance can be arranged through:

• Independent financial advisers - Can compare L&G with competitors
• Specialist protection brokers - Often have access to exclusive rates or terms
• Online comparison services - Some platforms offer L&G quotes alongside other providers

While L&G offers some personal protection directly, business protection policies are typically arranged through advisers to ensure correct structuring for tax and legal purposes.

Compare Legal & General with other providers: Our key person insurance comparison table shows how L&G's industry-leading £25m cover limit compares across all 9 UK providers.