Vitality Life Insurance is owned by Discovery Holdings. They are a 5-star Defaqto award- winning company with over 4.4 million clients.
Vitality Insurance company offer two forms of life insurance. Term Life and Whole of Life. They also offer Serious Illness Cover, which differs from Critical Illness coverage. It pays out on more conditions than a critical illness cover, nearly 4 times more.
PureCover.co.uk has developed a full Vitality Life Insurance review for you to read. Below we cover all the points for you to make the best decision.
Vitality Insurance offers Life Cover Term insurance, a Whole of Life policy, a Serious Illness Cover, and two protection plans.
The minimum monthly premium for Vitality Insurance has is £8 a month. The minimum amount of cover is £10,000. The level of cover will depend on many factors such as age, height and weight, if you smoke or not, overall health and medical history.
The minimum terms for all policies is five years. The maximum varies up to entire life with a Whole of Life policy. Premiums can be as low as £8 a month with Essentials Plan. You can keep your premiums low in the future by including the Wellness Optimiser option to your policy.
Vitality Life Insurance offers a free cover during the application process. It is available on more comprehensive plans.
Vitality Life Insurance Life Cover pays a lump sum if you’re diagnosed with a terminal illness or die during the term of the policy.
To apply for Life Cover you must be between the ages of 17 and 75. You choose the term for your policy from 5 to 70 years, but the policy must end by your 90th birthday. Your level of cover can begin at £10,000 and up to £20,000,000 for Level cover.
The cover can be on a Level, indexed, and decreasing basis. With level, your premium and cover amount are fixed and will not change. Indexed means that both can increase with inflation and decrease the premium remains the same but the cover amount reduces. It will reduce in a similar way that a repayment mortgage decreases.
Vitality Insurance offers an upfront premium discount of up to 60 percent when a Whole of Life policy is purchased and 40 percent on a Fixed Term Cover when their Wellness Optimiser is added to the policy for a small monthly fee.
Vitality Life Insurance Mortgage Plus is a variation of the Decreasing Term policy. It is designed more for the mortgage minded.
You can apply for this policy if you are between the ages of 17 and 65.The level of cover available is between £50,000 and £20,000,000. The terms are between 5 years and 50 years, but the policy must end when you are 70 years of age.
The Vitality Insurance Mortgage Plus offers two benefits:
Vitality Life Insurance Whole of Life policy pays a lump sum if you’re diagnosed with a terminal illness or if you die during the term period. Applicants must be between the ages of 17 and 75. Covers available from £10,000 to £20,000,000. This policy is whole of life, no terms apply.
Whole of Life insurance Vitality offers three premium options:
Vitality Life Insurance Serious Illness Cover is different than a Critical Illness cover. It covers nearly four times the conditions a normal critical illness policy covers. It functions the same as it will pay a lump sum if you are diagnosed with a serious illness.
Applicants must be between the ages of 17 and 65 and the policy must end when you turn 70 years of age. Cover amount can be from £10,000 up to £3,000,000.
It differs in how it pays however. There are seven levels of severity and that will determine how much money will be paid out when a claim is filed. The Vitality Life Insurance policy offers two levels of coverage.
You have an option to cover your children under this policy with Vitality Life Insurance. It can cover an amount of between £20,000 and £100,000. It will pay a cash sum if your child is diagnosed with one of the illnesses that are covered.
You have the ability to include Serious Illness Cover with Life Cover or purchase it as a standalone policy
Vitality Life Insurance Income Protection is designed to pay a tax-free income if you are out of work due to an injury or illness. Cover and rewards from £1.10 per day. To apply you must be aged 17 to 60. Cover benefit monthly payments can range from £250 to £16,667 per month. The policy will end at 70 years of age.
It offers three forms of claim payment options: Short Term, Primary, and Comprehensive.
Vitality Life Insurance offers these additional covers.
Protected Cover will bring your cover back to its original amount after a claim is filed.
Waiver of Premium will pay your premiums for you if you are ill and not able to work.
Indexation will increase the cover amount based on inflation,
Guaranteed Insurability by Vitality insurance allows you to increase the cover when you have a qualified event and not have to answer additional health questions.
Why wait? Click here to receive your instant, free quote now.
The Vitality Life Insurance Review aimed to answer all of your questions and provide enough information for you to decide which insurance company if suitable for you. If you found this information useful than grab your free, instant quote now!