Legal & General
Life insurance discount, Later-life mortgage rewards, Care Concierge
What you get
Life insurance discount
Shareholders get 25% off the premiums of new L&G life insurance policies taken out by telephone.
Later-life mortgage rewards
You get a Love2shop gift card when you complete an L&G later-life mortgage, or when a friend or relative you refer completes one. Later-life mortgages include lifetime mortgages and Retirement Interest Only mortgages.
Your own later-life mortgage
£500 Love2shop gift card when you complete your own L&G later-life mortgage.
Refer a friend or family member
£250 Love2shop gift card each for you and the person you refer when they complete an L&G later-life mortgage. You do not need a mortgage yourself. There is no limit on referrals.
Care Concierge
Free telephone guidance on finding and paying for adult and later-life care, for you or someone close to you. The team covers care at home, care homes, costs and possible state support.
What it takes
You need to hold shares in the company.
Life insurance discount
The premium must be at least £5 a month.
Later-life mortgage rewards
The applicant must take advice from Legal & General Financial Advice Limited and meet the product’s age and lending rules.
Care Concierge
Tell the team you are an L&G shareholder. You do not need an L&G policy or mortgage to use this route.
Before buyingA perk is a minor benefit of owning a share, not a reason to buy one. Share prices fall as well as rise, and dealing costs, spreads and tax can exceed a perk’s value. This page is not investment advice. Read about the risks.
Holding through a broker
Legal & General does not say whether nominee, ISA or SIPP holdings qualify.
Other conditions
Later-life mortgage rewards
- Residency requirement
- Everyone taking part must live in England, Wales or mainland Scotland
How to claim
Life insurance discount
- 1. Call for a shareholder quoteCall the number below, say you are a shareholder and quote SHTERM. Ask for the discount to be included in your quote.
- 2. Check the policy before you applyCheck what the policy covers, what it excludes and what you will pay.
L&G does not say what proof of ownership it wants. Ask when you call.
L&G life insurance — Quotes; Monday–Friday 8:30am–8pm, Saturday 9am–1pm: 0800 107 6830
Later-life mortgage rewards
- 1. Find your shareholder referenceLook in your L&G share portal account. If you are referring someone, give it to them before they call.
- 2. Call L&GIf you’re applying, call the number below and quote the shareholder reference when asked. The advice must come from Legal & General Financial Advice Limited.
- 3. Confirm your address after completionL&G calls each recipient using the contact details on their account. Confirm your address so it can post the card.
L&G asks for the shareholder reference from your share portal account. Ask L&G if you cannot find it. The terms do not say how a nominee holder without one can qualify.
Read the later-life mortgage reward terms
L&G later-life mortgage rewards — Enquiries; Monday–Friday 9am–5:30pm: 0808 149 4379
Care Concierge
- 1. Contact the Care Concierge teamCall or email the team below and say you are an L&G shareholder.
- 2. Explain what help you needDiscuss your questions now or arrange another call. Family members can join by conference call.
L&G asks you to say you are a shareholder. It does not name any documents to provide.
Read about shareholder Care Concierge
Care Concierge — Guidance; Monday–Friday 9am–5pm: 0800 086 8170
Care Concierge — Email enquiries: care.service@landg.com
Exclusions and limits
Life insurance discount
Excluded: Existing policies; Online applications.
Later-life mortgage rewards
Excluded: Cash instead of a gift card.
The offer cannot be combined with other discounts.
Care Concierge
Excluded: Care provision; Clinical needs assessments.
Dates
Legal & General gives no qualifying date, minimum holding period or expiry date.
Later-life mortgage rewards
- Benefit issued
- Within 60 days of completion
Practical notes
Life insurance discount
Compare the final premium
The discount comes off L&G’s own premiums. Compare the final quote and cover with other insurers. A discount alone does not tell you which policy is cheaper.
Read the policy terms
The policy pays out only on a valid claim and has no cash value. Cover stops if you stop paying. These are the insurer’s terms, not part of the shareholder discount.
Later-life mortgage rewards
Two types of later-life mortgage
A lifetime mortgage is equity release. A Retirement Interest Only mortgage requires monthly interest payments. The minimum age is 50 for the Payment Term Lifetime Mortgage and 55 for the other products on the offer page.
Judge the loan, not the reward
The loan is secured on your home. Interest, repayments and the effect on your estate matter far more than a gift card. The adviser should explain the costs and risks of the product.
Gift-card conditions
Love2shop’s own terms apply to spending the card. L&G may replace the reward with one of equal or greater value, change or withdraw the scheme, and has the final say on eligibility.
Publicity and personal data
You may be asked to take part in unpaid publicity, including photographs. By entering, you consent to your personal data being passed on for administration and publicity.
Care Concierge
You may already have access
You may already qualify through L&G Home Finance, retirement income, a workplace pension, group protection or a partner organisation. L&G protection policies taken out from 20 July 2023 include it too. Check those routes before you use the shareholder one.
Guidance, not care
You choose the provider and pay for the care. L&G does not provide care, assess clinical needs or guarantee any provider’s service.