Life Protection from LV=
Life insurance isn't the easiest thing to talk about, but from just a few pounds a month you can help make sure that your family is financially looked after if the worst happened.
The following information should not be considered as advice to take out our Life Protection policy. It is up to you to decide if this policy is right for you. If in any doubt please contact us or visit our financial advice & guidance section.
Life Protection quick guide
- Give yourself and your family extra peace of mind.
- Choose how much cover you want - paid as a lump sum
- Change the amount of cover as your circumstances change.
- Guaranteed premiums that can't increase (unless you choose inflation-linked cover).
- Choose the right sort of cover for you:
- level, inflation-linked, decreasing
- single or joint life.
- You can choose to include waiver of premium.
- Have a look at our example table to find out how much cover you could get.
Important things you should know
- If you stop paying the premiums for your policy you may not be covered.
- If you cancel your life insurance, you won't get back any premiums you've paid.
- If you die, we'll normally pay the lump sum to your estate. Inheritance tax could apply to the part that's worth over £325,000 (tax years 2009/10 and 2010/2011).
- If you choose level cover, the amount of your cover is fixed when your policy starts. This means it won't keep up with inflation, and will buy less in the future.
- Minimum term for this policy is five years, maximum term is 45 years.
To apply for LV= Life Protection:
All we ask is that:
- you're a UK resident
- you're between 17 and 79 (or 17 and 59 for inflation-linked life insurance cover)
- your policy lasts for at least five years
- your premium is at least £5 a month
Is our Life Protection policy not right for you?
Life Protection premiums
Your premium is guaranteed as soon as you start paying. We will not increase it unless you choose inflation-linked cover.
You can get a Life Protection quote online or you can call us for more information.
Next steps
You can get these and other documents from us in Braille, large print or audiotape by contacting us.