Life Insurance
Life Insurance from LV= is designed for people who don't drink a lot, don't smoke a lot and are generally healthy. It provides a one-off lump sum payment should the worst happen.
The information below shouldn't be considered as advice to take out LV= Life Insurance. It's up to you to decide if it's right for you. If you're unsure you should speak to a Financial Adviser.
Life insurance quick guide
- No minimum amount of cover.
- You can choose from level or decreasing cover.
- Cover from just £5 a month.
- Simple online application.
- Single and joint cover available.
- Get a quick quote in minutes.
- Your premium is fixed.
- Cover up to £500,000
(restricted to £300,000 if you're 56-65, or £200,000 if you're 66 to 69 when you apply). - Pays out if you die during the plan term.
- If you're diagnosed with a terminal illness during the plan term you can ask us to pay out your cover early.
- If you need more cover, you can take out additional plans.
Important things you should know
- If you choose level cover, the amount of cover is fixed when your plan starts and doesn't change. It won't keep up with inflation and will buy less in the future.
- If you cancel your plan, you won't be covered and you won't get anything back. This plan has no cash-in value at any time.
- After your plan has been issued, you can't change it. So if you need to increase your cover amount or change your plan, you'll need to take out a new one.
- 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 year 2010/2011).
- If you're diagnosed with a terminal illness, and want us to pay out your cover, we'll reduce the amount we pay you by 3%.
- The amount of cover available depends on your personal circumstances such as your age and sex, and whether you smoke or not.
To apply for life insurance:
All we ask is that:
- you permanently live in the UK*
- you're aged 17 to 69 when your plan starts
- your premium is at least £5 a month
* Unfortunately you can't apply if you're only living in the UK temporarily (for example if you're here on a temporary work or study visa), even if you're intending to apply for permanent residency.
Is our life insurance not right for you?
Next steps
