Author:Andrew Richardson

Read:10 mins

Review of Liverpool Victoria Life Insurance

Liverpool Victoria Life Insurance has numerous covers and policies of life insurance starting as low as £5 a month. They offer Level and Decreasing insurance with options for Critical Illness Cover. LV Over 50 Live Insurance policy is also available.

If you want to find out more about LV insurance, read our full Liverpool Victoria Life Insurance review below.

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Pros
  • Fixed Premiums
  • Ability to place payout into a Trust
  • Joint policies available
  • Membership discounts on car, home, and travel insurance
  • Access to Doctor Services
  • Inflation-linked amount of cover
Cons
  • Unable to increase cover without new application
  • Cover for total permanent disability isn’t available if you apply online.
  • Medical required for application (excluding over 50)

About Liverpool Victoria

Liverpool Victoria Life Insurance (LV, for short) is a multi-award-winning insurance company. In 2016 they won awards from LifeSearch as Best Income Protection Provider and Best Service for New Customers. They also won the Five Star award from Financial Adviser Service Awards. They were rated Most Trusted Life Insurer for 2017 by Moneywise for the last five years (2013-2017).

How User-Friendly is Liverpool Victoria’s Insurance Buying Process?

The Liverpool Victoria Insurance buying process is designed to be efficient, straightforward, and user-friendly. Unlike navigating a maze of twisty passages, the purchase process is more akin to strolling through a well-organised park. From quotation to payment, the systems in place are designed to ensure that customers have a seamless experience.

The online application form is jargon-free, utilising plain English. Plus, it offers guidance at each juncture. So even if you’re Thomas who doubts or a cautious clarinet player blowing your first note, worry not. You’ll feel right at home. It’s like Liverpool Victoria has brewed up a cup of assurance in the intimidating world of insurance.

Liverpool Victoria Insurance Pricing: Value for Money?

“Is the Liverpool Victoria Insurance pricing steep like the cliff Richard sang about?” You may wonder. But much like a grandma’s warm embrace holding a tiny kitten, the pricing at Liverpool Victoria is comforting. The prices of their policies are balanced, offering an excellent equilibrium between cost and coverage.

For the amount and variety of the cover, anyone might consider it to be a real bargain. It’s almost like treating yourself to a Cadbury’s caramel without the fear of dentist’s bills. Mum’s homemade Sunday roast of premium coverage, but without the hefty price tag.

Understanding Liverpool Victoria’s Insurance Policy Terms

The insurance world can sometimes feel like an alien landscape, a kind of Doctor Who episode written in Dothraki. However, Liverpool Victoria Insurance’s policy understanding is rendered effortless by their simplistic and lucid policy terms.

Every clause, every term is designed to be understood by customers from all walks of life – whether you’re Professor Hawking discussing a black hole or merely Joe Bloggs hunting for a hole in one. Every term of the agreement is explained clearly and concisely, emphasizing both transparency and understanding.

A Look into Liverpool Victoria’s Insurance Customer Service

If there’s an area Liverpool Victoria shines, it’s their Liverpool Victoria customer service. It’s warm and welcoming as a hearty shepherd’s pie on a chilly English night. As reliable as the local postman, the customer service team is always ready to help with any question or concern.

What’s more, reviews love them. The staff at Liverpool Victoria are like your favourite pub band, delivering hit after hit of top-quality service. Words such as “efficient”, “helpful” and “friendly” quickly become redundant as they consistently exceed customers’ expectations.

Liverpool Victoria’s Claims Process: Fast and Fair?

Jump to the next section, and we find the Liverpool Victoria claims process to be robust, fair, and prompt. It’s a process that runs smoothly, like a finely-tuned luxury car gliding under the sapphire summer sky.

The system is designed to provide quick resolutions to claims, saving customers from the never-ending ringing of echoey phone call waits. Liverpool Victoria’s claims process receives multiple positive reviews, which is quite the equivalent of multiple standing ovations at a Shakespearean play.

Customer Opinions on Liverpool Victoria Insurance Products

In the arena of public opinion, Liverpool Victoria customer opinions stand tall and proud. It’s the Sir Ian McKellen of the insurance world if you may, with an impressive repertoire and fan-following to boot.

As popular as a Beatles concert at its peak, the company has consistently high ratings on multiple review platforms. Customers praise their comprehensive cover, fair pricing, and sterling customer service consistently. It’s like an endless anthem of approval sung by one satisfied customer after the other.

The Strengths and Weaknesses of Liverpool Victoria Insurance

Every company has a set of Liverpool Victoria Insurance strengths and weaknesses. On the strengths side, it’s like the formidable batting line-up of the English cricket team. Comprehensive cover, competitively priced policies, and excellent customer service form the pillars of their strength.

On the other hand, sticking strictly to the insurance sector, Liverpool Victoria might appear a tad limited in its offering. Much like an English pub food menu, it’s hearty and satisfying but might not cater to all tastes.

The Coverage You Get with Liverpool Victoria Insurance

When it comes to Liverpool Victoria coverage, the company shines brightly. It could be compared to the bright beam of the Liverpool lighthouse amid foggy weather. From home and car insurance to life, pet, travel and more, Liverpool Victoria offers a broad sweep of coverage.

In every policy, the cover provided is comprehensive, akin to a comforting quilt on a wintry night, leaving few gaps for worries to creep in. So whatever your needs, you’ll likely find a suitable offering in Liverpool Victoria’s catalogue.

Insurance Options: Our Honest Breakdown

Covers start as low as £5 per month.

If you’re diagnosed with a terminal illness such as cancer during the plan term you have the option for a payout of the insurance policy early. Although, the terminal illness payment is 3% less than the cover amount, if used the policy will end.

Most LV Life insurance policies require a medical examination when applied for.

Level Life Insurance Cover

Liverpool Victoria Life Insurance policies cover up to £500,000 if the insured is between 17 and 69. £300,000 if they are ages 56 to 65, or £200,000 for ages 66 to 69 when you apply.

LV Level insurance policy pays the cover amount in the event of the insured’s death or is diagnosed with a terminal illness where the insured is expected to pass away is less than 12 months.

The cover and premiums are fixed at from the policy start and cannot change. It is designed to leave a sum to surviving family members and to assist with funeral costs.

Decreasing Liverpool Victoria Life Insurance policy

Decreasing Liverpool Victoria Life Insurance policy is best suited to cover mortgage repayment. The cover amount goes down each year, but your premium remains fixed. It is designed to decrease at a rate similar to the decreasing rate of your mortgage repayment.

It will pay a cover amount in a lump sum if the insured dies or has a diagnosis of a terminal illness where the insured is expected to pass away in less than 12 months. Cover levels are the same as with Level insurance.

50 Plus Plan

Liverpool Victoria Over 50s Life Insurance is for people in the UK ages 50-80.It is designed to help assist with funeral costs and any unpaid bills at the insured’s death.

Cover amounts can be from the minimum of £1000 to the maximum of £25,000, and start as low as £7 a month. Payouts can occur within 48 hours.

Unlike Liverpool Victoria Live Insurance’s other plans, this plan does not require a medical with the application. But if the insured dies within the first year of the plan, only the paid premiums will be refunded. After one year, the insured is guaranteed fully covered.

Critical Illness Cover

Liverpool Victoria Life Insurance Critical Illness Cover can be attached to both Level and Decreasing policies. This policy pays a lump sum if you die, or are diagnosed with one of the 63 critical illnesses listed during the policy’s term. Keep in mind, not all forms of critical illness are covered.

This policy is available to ages 17 to 64 when your policy starts. Your policy must last for at least 5 years but not more than 40 years, and must end before age 70.

Child Critical Illness Cover is automatic. Liverpool Victoria Life Insurance policy will cover the lower of 50% of your amount of cover or £25,000. This benefit is at no extra cost.

Cover for total permanent disability isn’t available if you apply online.

Guaranteed or Reviewable premium option available. There is an option for reviewable premiums, where Liverpool Victoria Life Insurance reviews your current premiums and might offer you a better policy.

Income Protection Cover

Liverpool Victoria Live Insurance Income Protection will pay a monthly income to assist in replacing lost income, up to 60% of the insured’s annual income before taxes if they are unable to work due to a sickness or accident.

Minimum cover of £100 a month up to the maximum of £12,500 per month.

To be eligible insured must be registered with a UK GP for the previous 2 years, 17 to 59 years of age, and your income protection cover costs at least £5 a month. Your Liverpool Victoria Life Insurance policy must last for at least 5 years.

How Liverpool Victoria Insurance Stands Against Major Competitors

Pit Liverpool Victoria vs competitors, and it stands its ground like a seasoned boxer against a flurry of punches. Liverpool Victoria’s blend of comprehensive policies, competitive pricing, and exceptional customer service sets it apart.

Much like a cream tea, it offers a taste of luxury affordability. While some competitors might be inclined to cut corners, Liverpool Victoria remains unyielding. They steadfastly maintain their steadfast promise of providing the best value for their customers.

Is Liverpool Victoria Insurance Worth the Investment?

Investing in insurance is like placing your bets on a horse race. It’s all about predicting the future. But crystal ball or not, Liverpool Victoria investment worthiness, we reckon, is quite high. Excellent customer service, broad coverage, and competitive pricing make it a good bet.

Much like our beloved weather, the future is unpredictable, but investing in Liverpool Victoria’s insurance policies might just ease the stormy days. So, ‘Great British Bake Off’ or not, your best recipe might just include a dash of Liverpool Victoria Insurance.

Frequently Asked Questions(FAQ)

Is the Liverpool Victoria’s insurance buying process user-friendly?

Yes, Liverpool Victoria’s insurance buying process is straightforward and user-friendly. They have a well-designed, jargon-free system that ensures customers have a seamless experience from quotation to payment.

Does Liverpool Victoria offer good value for money?

Yes, Liverpool Victoria’s insurance pricing offers an excellent balance between cost and coverage, providing customers with good value for their money.

How is the customer service at Liverpool Victoria?

Liverpool Victoria’s customer service is highly-rated and customer-friendly, ready to help with any question or concern.

Are the policy terms at Liverpool Victoria easy to understand?

Yes, Liverpool Victoria’s insurance policy terms are simplistic and lucid, making them easy for customers of all walks of life to understand.

Is it worth investing in Liverpool Victoria’s insurance?

Liverpool Victoria offers excellent customer service, broad coverage, and competitive pricing, making investing in their insurance policies a worthwhile decision.

Conclusion: Liverpool Victoria

Liverpool Victoria Life Insurance also offers an Inflation-linked cover. It is designed to increase the cover each year in line with the Retail Prices Index to help maintain the overall value of the selected cover.
The cover and premium will increase each year in line with inflation.

It is available to those 17 to 59 years of age.

PureCover has provided you with Liverpool Victoria Life Insurance review, giving you insightful information regarding the company. If you found it useful, get your free quote below!

Andrew Richardson is a highly respected expert in UK life insurance, with over 25 years of industry experience. Holding an honours degree from the London School of Economics and being a Fellow of the Chartered Insurance Institute, Andrew has made significant contributions to the field, including developing ground-breaking life insurance products. Known for his ability to simplify complex life insurance concepts, he regularly shares his insights through articles and workshops, empowering people to make informed decisions about their life insurance needs. His commitment to client service, education, and staying at the forefront of industry advancements solidifies his reputation as a trusted and leading figure in UK life insurance.

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About Andrew Richardson

Andrew Richardson, an accomplished expert in UK life insurance, brings to the table a wealth of knowledge amassed over 25 years in the industry. Andrew holds an honours degree in Business and Finance from the London School of Economics and is a Fellow of the Chartered Insurance Institute. He has dedicated his career to ensuring his clients receive the best possible advice and solutions to safeguard their futures.

Embarking on his career in London’s bustling finance district, Andrew’s unique ability to unravel and simplify the complexities of life insurance policies became evident. This skill, coupled with his intuitive understanding of market dynamics, led him to hold high-ranking positions in some of the country’s most well-respected insurance firms.

Renowned for his industry-leading expertise, Andrew has shared his valuable insights through articles in prestigious publications such as The Economist, The Telegraph, and the Financial Times. He has significantly contributed to shaping public understanding of life insurance by presenting complex information in an accessible and digestible format.

Notably, as a former Director of Life Insurance Products at a top insurance company, Andrew played a key role in the development and launch of ground-breaking life insurance products. These innovative policies have since become industry standards, demonstrating the significant impact of Andrew’s work.

Andrew’s commitment to educating the public on life insurance doesn’t stop at his writing. He frequently conducts workshops and seminars throughout the UK, empowering individuals to make informed decisions about their life insurance plans. His ability to present complex information in a clear, easy-to-understand manner has made these sessions highly sought after.

Beyond his professional achievements, Andrew actively utilises his expertise to support charitable causes, offering his knowledge of life insurance to help non-profit organisations secure their financial futures.

Always at the cutting edge of industry advancements, Andrew continually upgrades his knowledge, ensuring he offers the most current, relevant, and reliable advice to his clients. His unwavering dedication to professional growth has cemented his status as an industry leader in life insurance.

Andrew Richardson is more than just an insurance expert; he is a trusted advisor, a visionary product developer, and an invaluable asset to anyone seeking guidance on their life insurance needs. His deep knowledge, innovative spirit, and tireless commitment to client service make him an irreplaceable figure in the UK’s life insurance landscape.

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Meet our authors

Amelia Thompson

Dr. Amelia Thompson is an esteemed expert in UK health insurance, with a career spanning over 25 years. A Cambridge graduate in Medicine and a Master's holder in Health Policy from the University of London, Amelia has made significant contributions to the field, notably in the development of consumer-focused health insurance products. Renowned for her ability to simplify complex concepts, she frequently shares her insights in leading publications and educational seminars. Her commitment to ethical practice, client service, and industry advancement makes her a trusted and influential figure in UK health insurance.

Andrew Richardson

Andrew Richardson is a highly respected expert in UK life insurance, with over 25 years of industry experience. Holding an honours degree from the London School of Economics and being a Fellow of the Chartered Insurance Institute, Andrew has made significant contributions to the field, including developing ground-breaking life insurance products. Known for his ability to simplify complex life insurance concepts, he regularly shares his insights through articles and workshops, empowering people to make informed decisions about their life insurance needs. His commitment to client service, education, and staying at the forefront of industry advancements solidifies his reputation as a trusted and leading figure in UK life insurance.

Benjamin Turner

Benjamin Turner is a highly regarded expert in UK funeral insurance, boasting a professional career that spans over 20 years. A University of Manchester graduate and a distinguished member of the Chartered Insurance Institute, Benjamin has significantly contributed to the field, notably in the creation of comprehensive funeral insurance products. Renowned for his ability to clarify complex concepts, he frequently shares his insights in leading publications and workshops. His commitment to client service, ethical practice, and industry advancement makes him a trusted figure in the UK funeral insurance landscape.

Jonathan Harvey

Jonathan Harvey is a distinguished expert with over twenty years' experience in the UK's life, health, and funeral insurance sectors. A Cambridge graduate and Fellow of the Chartered Insurance Institute, Jonathan has a proven track record in designing innovative insurance policies, and a strong reputation for making complex insurance matters comprehensible for the public. Known for his empathetic approach, he has helped thousands make informed decisions on their future security. Regularly contributing to leading publications and hosting educational workshops, Jonathan's commitment to client service and public education truly sets him apart in the insurance industry.

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