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MEMBERSHIP PRODUCTS

Our products, new and old, that you need to hold to qualify as an LV= member

Our LV= products are described as being with-profits or non-profit. Learn the differences between these two product types below:

What’s a with-profits product?

With-profits products are long-term investment products where the premiums are pooled together in the With-Profits Fund and invested. Products that invest in the With-Profits Fund benefit from bonuses, smoothing (where the investor is cushioned from the ups and downs of the stock market) and/or other guarantees.

More about With-Profits Fund information

 

What’s a non-profit product?

Non-profit products come with benefits that are clearly defined from the start of the policy. Unlike with-profits products, non-profit products do not offer discretionary bonuses. Examples of protection non-profit products include term assurance, income protection and critical illness. And examples of savings and retirement products include annuities and unit-linked pensions.

This group also includes Teachers non-profit policies that we acquired when we took over the Teachers Provident Society Limited in 2016, and RNPFN non-profit policies that we acquired when we took over the Royal National Pension Fund for Nurses in 2001.

LV= products open to new business today

The following with-profits and non-profit products are issued by LV= and are available for consumers to take out today.

With-profits products available today
Non-profit products available today

Products closed to new business but are still in force today

The following with-profits and non-profit products were issued by LV= and friendly societies and companies acquired by LV=, a long time ago.
With-profits products
Non-profit products (including UIA, UIB and Permanent)

Teachers Assurance

The following policies were issued by Teachers Assurance and are now looked after by LV=. More about Teachers Assurance products.
With-profits products
Non-profit products

RNPFN

The following policies were issued by Royal National Pension Fund for Nurses and are now looked after by LV=. More about RNPFN products.
With-profits products
Non-profit products