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Life Insurance with Critical Illness

Whole-of-life assurance vs term assurance


Whole-of-life assurance and term insurance provide different roles for your protection needs.

Term insurance will be cheaper and is best used to provide money for circumstances that have a time period. Examples include repaying a mortgage or supporting your children until they are financially independent. Once the time has passed, there's no need for the protection. The policy will end and so will your premiums.

Whole-of-life assurance is better for providing money under circumstances that won't change. For example paying for a funeral, unpaid bills, providing an inheritance or inheritance tax on a large estate.

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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

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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