LV= : Life Insurance

Product profile

Description

A simple, cost-effective way of providing for your loved ones in the event of your death. The plan pays out a one-off lump sum in the event of death before the end of the term. No nasty surprises for dependants if they need to make a claim. This is done by asking applicants all the relevant questions up front and having no standard exclusions. This gives families peace of mind that their dependants are covered.

Age

17 to 69

Period of cover

• Minimum five years

• Maximum 45 years

Cover

• No minimum cover amount

• Maximum cover:

     - under 55: £500,000

     - 56-65:      £300,000

     - 66 plus:    £200,000

Benefits

• You choose the amount

• Simple online application

• Death

• Terminal illness

• Your premium is fixed for the term of the policy

Options

• Level or decreasing benefit basis

• Single or joint life cover

Note

Your cover amount will not keep up with inflation

Payment normally goes to your estate, so inheritance tax could apply