98% of claims were paid in 2021. These figures include claims paid for Life Insurance, Terminal illness and our Whole of Life products (including some guaranteed over 50’s whole of life products). Our whole of life products are no longer available.
Once we’ve made our final decision - we aim to pay you within 3 days
Free access to LV= Doctor Services
Terminal illness cover is included at no extra cost
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 LV= Doctor Services, a Legal Advice Line and other member benefits 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
Here's what you need to know about life insurance, so you have the full picture
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...