information

We use cookies to give you the best possible experience online. By continuing to use our website, you agree to receiving our cookies on your web browser. Visit our cookie policy page to find out more and how to change your cookie settings.

skip to main content

Answer

When you take an LV= Life Insurance policy with us, you're covered if you die before the end date of your plan. This means you'd be paid a cash lump sum (your amount of cover), that can be used as you wish.

You can also ask us to pay the amount of cover if you are diagnosed with a terminal illness. However, we will reduce the amount of cover we pay out to reflect the fact that we are paying out on your plan even though you have not died. We currently reduce the amount of cover by 3%. Please see section A6 of the Life Insurance Plan Conditions for more information on this.

Back to Life Insurance cover questions

Our life insurance application is quick and easy

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 about life cover

Why choose LV=

An insurance provider you can trust established in 1843.

  • 97% of claims paid in 2016
  • UK's largest friendly society

Policy documents

  • Policy summary
  • Policy conditions

View policy documents

FAQs

From what's covered, ways to get set up or even how to claim, our library of FAQs can help.

View our Life Insurance FAQs