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What is Life Insurance and how does it work?

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

Answer

LV= Life Insurance is designed to provide a one-off lump sum payment if you die before the end date of your plan.

Also, you can ask us to pay out if you're diagnosed with a terminal illness before the last 12 months of the plan. However, we'll reduce the amount we pay you by 3% and the policy will end.

The cash could be used to pay off a mortgage or provide a lump sum to ease financial worries for your family.

It’s aimed at people who don’t drink a lot, don’t smoke a lot, and are generally healthy. Of course this doesn’t mean that you can’t apply if you aren’t healthy, do drink a lot, or smoke a lot, it just means that you may have to pay a higher premium or you may not be accepted for this plan.

You can apply for LV= Life Insurance either on-line or over the telephone.

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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

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FAQs

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