We have best life insurance provider uk the market for the best life insurance providers uk, looking at customer reviews, policy offerings and claim payout rates.
Life insurance provides financial support for your family after you’ve died, paying out a lump sum or regular payments. It can help them pay off debts, cover funeral costs or maintain their standard of living. Choosing a provider depends on the type of coverage you want and your budget. We’ve highlighted a few of the best options to consider below.
The insurers we’ve chosen for this article are all regulated by the Financial Conduct Authority and have been reviewed for quality of service. You can purchase a policy directly from them or through a broker who will compare prices for you. You can find a list of registered brokers on the FCA website.
Decoding Life Insurance Costs in the UK: Understanding Your Financial Investment
LV= (also known as Liverpool Victoria) is one of the UK’s largest mutual societies with over 175 years of experience offering life insurance to customers. They have a great reputation with high ratings from customers on Trustpilot and an excellent claims record. In 2021 they paid out 99.5 percent of all claims, with the average payout being PS84,000. Their policies include level term cover (where premiums and the amount you get back remain the same throughout the policy), decreasing term cover or increasing term cover to safeguard your policy against inflation rises. You can also choose to add critical illness cover to your policy.