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Life Insurance with Critical Illness

Our life with critical illness cover can pay a lump sum of money if you die or suffer a critical illness

  • With a total of 63 critical illnesses covered, we’re one of the market leaders
  • Up to £25,000 children’s critical illness cover at no extra cost
  • We pay claims quickly – and you can use your money how you want
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Level term life insurance with critical illness

Level term life insurance with critical illness pays you a lump sum of money if you die or are diagnosed with a specified critical illness, within the term of your policy. The amount of money you’re covered for is fixed at the start of the policy and won't change. Our critical illness cover also provides additional payments for less serious conditions which if paid, are not deducted from your total amount of cover.

  • The premium payments you make remain fixed throughout the term of your policy.
  • This type of cover could be used to help pay off an interest-only mortgage, other debts or to help look after your loved ones when you die, or to help look after you if you're diagnosed with a serious illness.

Reasons for choosing ‘level term’

  • You can leave a cash sum of money to your family and dependants, or pay off a mortgage after you’ve died or suffer a critical illness condition specified in your policy conditions.
  • Term life insurance is one of the most cost effective types of life insurance.
  • It provides certainty as both the cover and premiums are fixed.

Reasons for not choosing ‘level term’

  • Level cover is usually more expensive than decreasing cover.
  • It doesn’t keep up with inflation and will be worth less in the future.
  • This product is not suitable if you’re looking for a savings or investment product to pay you money at the end of your policy term, and you haven’t died.

Our life with critical illness application is quick and easy

A customer story

Paul shares his experience with us.

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Children's critical illness cover

Nicola and Jeremy share their story about their son's illness.

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You can also phone

Call our UK-based advisers for more information or a quote:

Green phone

0800 756 8515
Quoting offer code IELO

9am - 5pm Monday to Friday

For existing customers

Green phone

0800 678 1906
8.30am - 6.30pm Monday - Friday

TextDirect first dial 18001

We may record and / or monitor calls for training and audit purposes.

We offer advice on LV= products only.

If you need cover for total permanent disability you will need to call our advisers. This cover is not available if you apply online.

Existing customer?

Understand life cover

We've created lots of useful information to guide you through the process of finding which life insurance product is right for you.

Find out more

Why choose LV=

An insurance provider you can trust established in 1843.

  • 91% of critical illness claims paid in 2015
  • UK's largest friendly society

Policy documents

  • Policy summary
  • Policy conditions

View policy documents

Get advice

Speak to one of our advisers who can make sure you have the right cover for your needs.

Get some advice