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New, more inclusive critical illness cover for modern families

Life and Critical Illness

Critical Illness cover to support your client and their family through life changing moments

Our Life and Critical Illness policy is part of the Flexible Protection Plan, and provides your clients with wide coverage, additional payment options for less severe conditions, and enhanced payments for some conditions.

It pays a lump sum if the person insured dies, or is diagnosed with a serious illness, during the term of the policy, providing financial, emotional and practical support when the unexpected happens.

Main features

  • Covers 87 conditions including 49 full payment and 38 additional payment conditions (20 of these conditions are covered under 1 additional payment condition – ‘Less advanced cancers’)
  • We offer extensive cancer cover under our 38 additional payment conditions
  • For 17 conditions, your client could receive an enhanced payment of double their cover (up to a maximum of £200,000 on top of their original cover amount)
  • Children’s Critical Illness cover is included at no extra cost, protecting the person insured’s children now and any they have in the future from birth to their 23rd birthday, with no requirement to be in full time education
  • For the person insured’s children we’ll pay £5,000 towards the cost of their child’s funeral, if the worst were to happen during the term of the policy
  • To bridge the protection gap we’re offering the person insured’s children within 6 months after their 23rd birthday the option to take out their own policy without the need for medical underwriting – for cover up to a maximum of half the parents cover amount or £25,000
  • LV= Doctor Services included with all LV= Life and Critical Illness policies. This gives clients access to six expert medical services from an app on their smartphone or telephone call
  • We’ll pay the person insured £1,000 in advance of fully assessing their claim if they provide evidence that their diagnosis and proposed treatment meets the criteria for any of the cancers covered by this policy
  • Level, decreasing and inflation-linked cover available
  • Cover available for terms of between 5 to 50 years (max age at expiry of 80 years for level or decreasing cover or 70 years for inflation-linked cover, and min age at entry is 17).
  • Support for your client and their family from the moment they take out their policy through LV= Doctor Services, Member Benefits and 16-23 Mental Health helpline
  • Critical Illness Cover is also available for Business Protection cover

Important information

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  • Your client is covered for the conditions listed in the policy conditions and no others
  • If your client stops paying their premiums, they won't get any money back and their cover could stop
  • To make a critical illness claim, the person insured must survive for at least 14 days after being diagnosed (this doesn't apply to claims for children's cover)
  • We won't pay a claim if your client dies as a result of intentionally taking their own life in the first 12 months of the policy
  • The child’s funeral payment is only payable once per child, no matter how many policies they are covered under. We won’t make a payment if the cause of death was stillbirth
  • The option for the child to take out a policy without medical underwriting must be used within 6 months of their 23rd birthday, and can’t be used if we’ve already paid a children’s cover claim for that child
  • Receiving the payment of £1,000 to help cover the cost of cancer does not guarantee we’ll go on and pay a claim under one of the cancer conditions under the policy. It doesn’t cover any cancers listed as exclusions in your client’s policy schedule
  • LV Doctors services is a non-contractual benefit and can be withdrawn at any time

Service features

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  • To support your clients' family during a bereavement, we’ll offer an optional £10,000 early payment of the amount of cover (or pay a smaller amount if they prefer) and will aim to pay the money within 24 hours (terms and conditions and exclusions apply). Please speak to your account manager for more information
  • Competitive non-medical underwriting limits
  • Pre-underwriting helpline
  • Dedicated large case team
  • Online tele-interview booking

Product profile

A summary of the relevant product information about Life and Critical Illness, in accordance with the Insurance Distribution Directive.

Key documents

Online Services

LV= Doctor Services

LV= Doctor Services gives your client access to six expert medical services in one app

Find out more here

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Flexible Protection Plan

Take a look at the other protection products we offer with our Flexible Protection Plan.

View our Flexible Protection Plan

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Business Protection

Whether you’re new or experienced, our Business Protection products, tools & calculators will support you.

More about Business Protection

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Children's cover

No one ever wants to imagine their child becoming critically ill. But sadly, it does happen

More about our children's cover

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Large Case Team

If your client's Life Protection benefit is £1m or more, we can offer dedicated support.

More about our Large Case Team

Connect with us

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FOR UK FINANCIAL ADVISERS ONLY
Liverpool Victoria Financial Services Limited, registered in England with registration number 12383237. County Gates, Bournemouth, BH1 2NF, UK