Boy with parents protected by life insurance, playing with pots and pans.
Family walking along the hill tops

Life Insurance

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

Get a Life Insurance quote

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 it 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

Important information

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

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  • Available to UK residents aged 17 to 84
  • You can choose the length to run between 5-50 years, but the policy must end before your 90th birthday
  • 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 2021/22 to 2025/26)
  • 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
  • As part of your life insurance application, we may need to contact your doctor for a medical report
    You don’t have to give your consent to us obtaining a medical report if we need to, but you won’t be able to complete the online application without agreeing to this. It’s still your responsibility to answer all the questions accurately and honestly in your application. If you don’t, we might not pay a claim and could cancel your policy
  • 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.

Member Compensation Eligibility

If the proposed transaction with Bain Capital goes ahead in full, members with an active policy will get a member compensation payment. To qualify for this payment new applications for member-qualifying products need to have been submitted before 11.59pm on Sunday 28 February 2021. Member qualifying policies also need to be in place when and if the transaction is fully completed.

Buying Life Insurance is quick and easy