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Life Insurance

We can't promise peace and quiet... but we can offer peace of mind

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What is life insurance?

What is life insurance?

Life Insurance pays out a sum of money to your family should you pass away. 

There are different types of Life Insurance, so it's important you choose the right cover for you.

How does life insurance work?

Life Insurance helps you protect the ones you love should the worst happen. Our life cover pays out a cash lump sum if you pass away during the policy term, over this period you pay monthly premiums to LV=.  

You can also take out Critical Illness cover with your Life Insurance, where a cash lump sum is paid to you if you're diagnosed with a terminal illness, or if you’re not expecting to live longer than 12 months.

 

 

Do I need Life Insurance?

Everyone's circumstances are different and not everyone needs Life Insurance. But if your children, partner or other relatives depend on your income to cover things such as a mortgage, household bills or other living expenses, then the answer is probably 'yes', as it will help provide for your family in the event of your death. 

 

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WHY CHOOSE LV=

So, here's what you need to know about our Life Insurance 

life insurance Cover Options

We know it's a tough topic, but we're here to make life insurance a little easier

  • Pays out a cash lump sum if you die within the plan term
  • Gives you the flexibility to choose the amount of cover you need and for how long
  • Guarantees that your premiums won't change in the future unless you change your cover
  • Gives you access to our LV= member benefits and LV= Doctor Services at no extra cost
  • You may be able to increase your cover after specific life events without medical evidence
  • What you pay depends on your personal circumstances such as your age and whether you smoke

Financial Advice

Need advice?

We've chosen to partner with LifeSearch to offer you independent advice on which protection products are right for you.

LifeSearch Protection Awards 2016

Mon to Thu - 8am - 8pm     Fri 8am - 6pm

For Text Phone first dial 18001

Calls will be recorded and/or monitored for training and audit purposes.

Important information

Here's the need to know about life insurance so you have the full picture

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  • Available to UK residents aged 17 to 79
  • You can choose the length to run between 5-45 years, but the policy must end before your 85th birthday
  • You can't claim under a terminal illness in the last 12 months of the plan
  • 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 years 2017/18 to 2020/21)
  • We won’t pay a claim if you die as a result of intentionally taking your own life within the first 12 months of your policy
  • If you stop paying your premiums, you won't get any money back and your cover may stop
  • Increase options are available after marriage/civil partnership, divorce, the birth of a child or mortgage increase. Sometimes we won't be able to offer you increase options, subject to guidelines within your policy conditions.

Make sure you read the policy summary so you understand what you're buying...

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.

Award-winning life cover

Most Trusted Life Insurance Provider in the Moneywise Customer Service Awards 2013-2019

In 2019, consumers voted us as the winner of the Moneywise Most Trusted Life Insurance provider for the seventh year running.

Buying Life Insurance is quick and easy

Check out our articles about life insurance