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Home > Financial Services > Annuities > Legal & General Group
Legal & General Group
A variable annuity is a contract between you and an insurance company, under which the insurer agrees to make periodic payments to you, beginning either immediately or at some future date. A variable annuity offers a range of investment options. The value of your investment as a variable annuity owner will vary depending on the performance of the investment options you choose. You can purchase a variable annuity contract by making either a single purchase payment or a series of purchase payments. The variable annuity has various investment options, typically mutual funds that invest in bonds, stocks, money market instruments, or some combination of the three.
Legal & General was conceived in the minds of six lawyer’s five barristers and a solicitor to found the legal & general life assurance society, the forerunner of today. The lawyers, like other members of their profession, were in the habit of meeting in the coffee houses of Fleet Street. Their frequent discussions on the possibility or advisability of forming an assurance society led them eventually to proceed with the formation of a life office in June 1836.
Legal & General Assurance Society Limited is one of the UK's top rated companies for financial strength. Three of the world's leading independent rating agencies standard & Poor’s, Moody's and A.M.Best have recognised this. Their investment management business provides fund management expertise to Legal & General's Retail and Corporate businesses, as well as to trustees of pension schemes and other institutional clients. Total funds under management worldwide were in excess of £165 billion as at 31 December 2004, of which more than 60percent were held for external clients.
The Company manages investments for the pension funds of almost half of the FTSE 100 companies. They believe they have social responsibilities which they should function as a profitable enterprise and also play a part in the cultural and social life of the community. It is for this reason that they have developed within Legal & General, again over a period of years, a conscious and sustained programme of sponsoring and other contributory activities.
For pensions, life assurance, investments and general insurance, Legal & General is committed to providing the right level of advice at the right time. They aim to deliver a broad range of value for money products and services to meet all your key financial needs and respond to your changing circumstances and requirements. Client satisfaction is the most appropriate measure of their success, and they pride themselves on their high level of communication and service.
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