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What does life insurance cover?

A family with LV= Life Insurance pitching a tent with a green heart

Answer

Our Life Insurance pays out on death of the people insured, or earlier if there's a diagnosis of terminal illness. The terminal illness must meet our policy definition and you can't claim within the last 12 months of the plan. For our LV=Life Insurance this payment will be 3% less than the original insured amount, although this does not apply to our other 'protection policies.'.

Depending how the policy is set up, it could cover a single person or joint.

We also offer a Life and Critical Illness policy covering 63 listed conditions.

More on Life and Critical Illness

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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

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FAQs

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

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