Cover from just £5 per month
Knowing your family are financially protected, should the worst happen to you, can give you the reassurance you need to concentrate on the people who matter the most.
With our cover starting at just £5 per month, peace of mind may be a lot easier to achieve than a peaceful home.
Here’s what you need to know
Types of cover
Level and Decreasing cover explained
Single and joint life cover explained
For ultimate peace of mind if you are planning on starting a family or already have children
Our children’s critical illness cover is an option to add on to your life with critical Illness policy at an additional cost.
Here's what you need to know about life insurance, so you have the full picture
The information on this page shouldn't be taken as advice, It's up to you to decide if it's right for you and you should speak to a financial adviser if you're not sure.
We've chosen to partner with LifeSearch to offer you independent advice on which protection products are right for you.
Life insurance FAQs
You've got questions, we've got answers
Our life insurance and life with critical illness cover can run between 5 to 50 years. Your life insurance policy must end before your 90th birthday.
It’s up to you to decide how long you want your cover to last. However you might want to think about things like:
If the money is going to be used to help pay the costs of raising your children, you might want it to end once your youngest is old enough to support themselves.
If the money is to be used to repay a mortgage, you may want it to end when the mortgage is repaid.
If you are unsure, you should speak to a financial adviser.
Life insurance pays out to your loved ones should the worst happen and you pass away within your plan’s term.
With LV= life insurance, terminal illness cover is included at no extra cost. This covers and pays out a cash lump sum if you are diagnosed with a terminal illness and are not expected to live for more than 12 months.
In 2022, we paid 97%* of all life insurance claims totalling £80.6m in payout.
*These figures include claims paid for Life Insurance, Family Income Benefit, Terminal Illness and our Whole of Life products (including some guaranteed over 50s Whole of Life products).