Life Insurance

Life insurance from LV= is designed to give you peace of mind that your loved ones will benefit from a cash lump sum if you die. This could be used to help pay off your mortgage or if you have children, it could help pay for child care or provide financial support for their education. If you're not sure if you should take out life insurance we've provided a list of popular reasons. We can also provide financial advice by calling 0800 587 3057, Monday to Thursday 9am - 8pm. Or Fridays 9am - 5 pm. We offer advice on LV= products only. We may record and / or monitor calls for training and audit purposes. 

It can be difficult thinking about the right time to take out life insurance and you could face confusion over the right amount of cover to take out and the best insurance company to choose. It's also not a subject some people feel comfortable discussing, so we've provided some helpful tips for taking out life insurance to help make it as easy as possible. Also to help you choose the right life cover for your needs we've created a life insurance product comparison table to provide a quick comparison of the different products we offer.  

Some employers provide death in service cover as part of their benefits package. This can sometimes be confusing as some people assume this will provide adequate life insurance. It's worth checking what level of life insurance cover this provides and when it will pay out, as life cover can differ widely depending on the provider and product. For more information on death in service benefit, view our 'What will your employer provide?' article.

To give you a personalised life insurance quote we'll use your age, gender and whether you smoke to provide an estimate of how much cover you can take out. We can provide a life insurance quote based on the amount of cover you require or the monthly premium you can afford. This will give you an idea of the cost for the level of protection you'd like.

If you're happy with your life insurance quote, you can complete a full life insurance application online. To provide a life insurance policy we'll need some more details about your lifestyle and medical history to make sure we charge you the right amount for your cover. If you're interested in more information please read our 'How health and lifestyle can affect your premiums' which covers the different factors used to calculate your premiums.

Life insurance is different to many other types of insurance  as there's not much you can do to change the factors used to calculate your premiums. However, if you follow a healthy lifestyle and don't smoke you'll pay less for the same amount of life cover then someone who's unhealthy and smokes. So, if you're thinking of giving up smoking you could benefit from cheaper life insurance as a result.

Life insurance can seem like an easy product to understand. It's designed to pay out a lump sum if you die during the term of the policy. However, when you complete an application there are some questions that might be a bit confusing. For example you'll be given the choice of a single or a joint policy. If you're in a relationship life insurance is often a good idea to provide for your partner and loved ones. But, should you have two single life insurance policies or a joint policy? To help you answer the question we've written an article on 'Single versus joint life cover' to provide more information of the benefits of the two types of cover.