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Life Insurance

LV= Life Insurance pays a lump sum if you die during the term of the plan.

  • Cover from £5 a month
  • Quick and easy online application
  • Peace of mind that your loved ones are protected
Life insurance

Types of life insurance cover for you to choose from

Our LV= Life Insurance cover protects you and your family and loved ones. You can choose the life insurance protection that best suits you.

Level life insurance cover

  • The amount you are covered for is fixed when you start paying the premiums and won't change.
  • It won't keep up with inflation, and may buy less in the future.

Find out more about level life insurance cover

Decreasing life insurance cover

  • This type of cover is specifically designed to cover the reducing amount you owe on a capital and interest repayment mortgage.
  • The amount you're covered for goes down each year, but the premium stays the same.

Find out more about decreasing life insurance cover

Types of life insurance cover comparison

The table below will help you understand some differences between decreasing and level cover. This information shouldn't be taken as advice. It's up to you to decide what's right for you and if you're not sure, you should speak to a financial adviser.


Level Cover

Decreasing Cover

Cover a repayment mortgage

Not included
Included

Cover an interest-only mortgage

Included
Not included

Pay off a fixed-term loan

Included

Cover funeral cost

Guaranteed monthly premiums

Included
Included

Lump sum stays the same

Included

Lump sum reduces

Included

Fixed cover

Included

Cover for financial security for loved ones

Included

How to apply

Our life insurance application is quick and easy

You can also phone
Call our friendly UK-based team for more information or a quote:

0800 756 8520
Quoting offer code IELO

Textphone: 18001 0800 756 8520

We may record and / or monitor calls for training and audit purposes.

Calculate how much cover you might need

Cover calculator

Provide some details about your life and we'll calculate the amount of cover you'll need and how much it will cost.

We've created lots of useful information to guide you through the process of finding which life insurance product is right for you.

Find out more

An insurance provider you can trust established in 1843.

  • 100% of claims paid in 2011
  • UK's largest friendly society
  • Policy summary
  • Our services

View policy documents

Speak to one of our advisers who can make sure you have the right cover for your needs.

Get some advice

LV=, County Gates, Bournemouth, BH1 2NF, UK

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