Life Insurance
Protect your family for just a few pounds a month
In the event of your death your family may still need financial support even though you are not there. By providing a cash lump sum when you die, Life Insurance could give you some peace of mind that your family are provided for.
LV= can help you work out the right amount of cover for your circumstances. We can also arrange for your cover to increase regularly to keep up with inflation. If you choose level cover, inflation will reduce the buying power of your cover in the future.
To apply for Life Insurance:
- You must be a UK resident (not the Channel Islands or Isle of Man).
- The person you are insuring must be aged 17 to 79 if you are applying for level or decreasing protection, 17 to 59 if you are applying for increasing protection.
- You must take out the policy for at least 5 years and no more than 45 years.
- The policy must end before the person you are insuring reaches age 85 if you are applying for level or decreasing protection, or 65 if you are applying for increasing protection. If you apply for level cover, inflation will reduce the buying power of the sum assured.
If you stop paying premiums your cover may cease. This plan has no cash in value at any time.
Please remember that proceeds from the plan will normally form part of your estate which may be subject to Inheritance Tax.
Tax treatment depends on your personal circumstances. Any references to taxation are based on our understanding of current legislation & HM Revenue & Customs practice, which is subject to change.
Next steps:
Please note that this information should not be considered as advice to take out this plan. It is up to you to decide whether you feel it is suitabl for you. Should you have any doubt about whether it is suitable you should contact a Financial Adviser.
We are able to provide literature and communications in the following alternative formats: Braille, large print, audio tape. Should you require information on this product or service in any of these formats, please contact us.
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