Compare Liverpool Victoria Life Insurance
Search over 500 plans to find the best life insurance quote to suit your circumstances.
It is important to compare life insurance quotes from lots of different companies, as some life insurance companies are much more expensive than others, for exactly the same life insurance policy. That could cost you £1000's.
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About Liverpool Victoria Life Insurance Cover
There are four major components to the Liverpool Victoria life insurance plan: Liverpool Victoria income protection; Liverpool Victoria critical illness; Liverpool Victoria life insurance and Liverpool Victoria 50 plus. One plan is sure to be right for you.
LV= Liverpool Victoria Income Protection - do you ever wonder what would happen if you lost your income? What if you became ill or injured and could not work to bring in an income to pay your bills? That is where the income protection plan through the Liverpool Victoria Life Insurance policy comes in to help. If you become ill or are in an accident the Liverpool Victoria policy protects you against the loss of your income and you will receive regular payments while you cannot work. You can insure up to 50% of your gross earned income. Additionally you can choose from guaranteed or renewable premiums or level or inflation-linked income protection. There are no limits to the number of claims you can make and you can take out the Liverpool Victoria income protection program at any time up until the age of 65 depending on your occupation. And for a limited time the Liverpool Victoria Life is offering free critical illness coverage paired with their income protection program.
LV= Liverpool Victoria Critical Illness Cover - this policy covers you in case of a diagnosis with a condition or illness covered within the policy parameters. You will receive a lump sum payment which could help reduce financial worries like having to move house or pay off the mortgage. You may customize your coverage by choosing the level of coverage, inflation-linked or decreasing and Liverpool Victoria Life Cover offers joint or single illness cover and your children are covered for free. Most people combined the critical illness cover with the income protection program.
LV= Liverpool Victoria Life Insurance - do you ever think about what will happen to your family once you are gone? To give yourself and your family peace of mind, the Liverpool Victoria Life Insurance can custom make a policy just right for you and your family. You may choose the right amount of coverage with a lump sum payout for a regular income and change the amount of cover as your circumstances may change. There are guaranteed premiums that cannot increase unless you choose the inflation-linked cover. If the worst happens, you can ensure that your family are taken care of for just a few pounds a month through the Liverpool Victoria Life Insurance Company.
LV= 50 Plus Liverpool Victoria - this plan is for those aged 50 or older and will help with expenses when you are no longer around. In the 50 plus Liverpool Victoria Life Insurance plan there are no health questions to answer or medical exams to take and they guarantee acceptance if your UK resident between the ages of 50 and 80. Provided you do not die in the first year after acceptance, your family will receive a guaranteed lump sum payouts, this plan leaves a lump sum amount of money to help with funeral costs, pay bills or to leave money to your grandchildren. The best part is you stop making premium payments on your 90th birthday however you are covered for the rest of your life. The premiums are only £5 a month.
Term Life Insurance
Term life insurance or assurance is the cheapest and simplest form of life insurance. It covers you for a fixed period (known as the "term" which you can choose) and pays out a one off lump sum which you can select, if you die during the policy term.
You can add critical illness cover to some insurance plans, which will pay out on the diagnosis of a qualifying critical illness or if you die during the term of the policy. You are covered for as long as you pay the monthly premiums. If you stop paying the premiums, the policy stops. Premiums depend on a number of factors including the amount of lump sum chosen, the length of term, the applicants age, gender, and if you are a smoker.
There are two popular types of term insurance:
Type One - Level Term Life Insurance - Lump Sum Remains Fixed
Level term life insurance pays out a lump sum on the event of death during the selected term. The lump sum remains constant throughout the period of the life insurance term.
Type Two - Decreasing Term Life Insurance - Covers Mortgage Balance
Decreasing term life insurance which is also known as mortgage life insurance covers you for a set term and pays out a lump sum if you die during the policy term. Unlike level term insurance where the lump sum remains fixed, with this plan the amount of cover decreases over the term of the policy in line with the amount outstanding on a repayment mortgage. Although the lump sum decreases over the term with this type of cover the premiums remain the same.
It's a fact that life insurance cover is harder to come by the older you get. You may think you've left it too late, or it's too early to buy life insurance - that's where we can help.
We will search the UK life insurance market to find you the best life cover to suit your circumstances.
Many people don't have this simple, reassuring protection. Life insurance could be an ideal way to leave some money behind - for your partner, family or friends or to help towards funeral expenses, or outstanding bills.
Could your family afford to pay for your funeral?
None of us like to think about our funeral but taking the time now could help your family at a very difficult time. Most people underestimate the cost of a funeral and so you may be surprised just how much it can be.
Research has shown that the average cost of a basic funeral in the UK is £2,700 and is on the increase. When selecting life insurance cover it is important to make allowances for the increase in the cost of living as the amount you select now will not be worth as much in the future.
Why not take 2 minutes to complete the short form on this page to see how we can help you!
*Figures are indications of savings only and based on a £100,000 life insurance policy for a female aged 30, non smoker and without a pre-existing medical condition. The rate is based on a 25 year level term policy, sourced on a guaranteed basis. Correct as at September 2017.