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.
- 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
- 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?
Does Liverpool Victoria offer good value for money?
How is the customer service at Liverpool Victoria?
Are the policy terms at Liverpool Victoria easy to understand?
Is it worth investing in Liverpool Victoria’s insurance?
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!
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