Skip to page content

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.

Life insurance from £5 per month

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

Get a life insurance quote

Skip top of page or to page menu