Please try running the installer while offline - disconnect from Wi-Fi or Ethernet & try again.
The error can also occur if Live Essentials was previously installed:
Check to see if there’s a folder under C:\ Program Files if yes then delete this folder.
Then click & hold the Windows key + R to open the run screen & enter: ‘%Userprofile%\AppData\Local\microsoft & click enter, once there delete any subdirectory with Windows Live in the name (Windows Live Mail), if unsure then please post a screenshot.
Then open the run screen again & enter regedit & find:
HKEY_CURRENT_USER \ Software \ Microsoft \ Windows Live Mail
HKEY_LOCAL_MACHINE \ Software \ Microsoft \ Windows Live Mail
HKEY_CURRENT_USER \ Software \ Microsoft \ Windows Live Mail Desktop
HKEY_LOCAL_MACHINE \ Software \ Microsoft \ Windows Live Mail Desktop
Right click on each entry & choose delete - please delete only these entries, if unsure then please post a screenshot.
If you would prefer not to try these then let me know.