Fast life insurance. Lloyds Bank - UK Insurance - Life Insurance Quotes Online

What is life insurance and do I need it?

Life insurance can help by paying out a cash lump sum to your family or loved ones to use in the event of your death however they need to. Perhaps to help with the mortgage or bills or loan repayments. This cash lump sum is called the 'sum assured' or amount of cover. Life insurance quotes online.

How much cover would I need?

It depends on your personal circumstances. Some things you may want to consider are:

how much your family would need to support themselves without your income

the size of your mortgage and how long it’s got to run

any other outstanding loans or debts you have

the amount you want to pay each month for cover.

You can use our cover calculator to help you understand how much cover you might need.

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How long should I take out a policy for?

This is completely up to you. You can choose to take out My Life Insurance until your children leave home, until your mortgage is repaid, or until you retire. This is called the 'term'.

How much does My Life Insurance cost?

If you take out My Life Insurance you’ll pay a 'monthly premium'. The amount of premium will depend on your age, your health, how long a term you choose, the sum assured, and the type of cover. My Life Insurance policies have no cash-in value at any time. If you stop paying your premiums, your cover will stop, the policy will end and you'll get nothing back.

What's the difference between level and decreasing cover?

'Level cover' provides a sum assured that stays the same over the term of the policy. This can be paid out to your loved ones should you die while the policy is in force. You’ll pay the same amount each month for cover.

'Decreasing cover' means that the sum assured decreases over the length of the policy. Some people use this when they have a repayment mortgage or other commitments that gradually get repaid. The amount you pay is typically cheaper than level cover and also stays the same each month.

Does My Life Insurance include critical illness cover?

Critical illness cover is not included in My Life Insurance. However if you require critical illness cover, it's offered through Scottish Widows Direct, part of Lloyds Banking Group.

Can I take My Life Insurance out with my partner?

This policy covers one person only. Your partner can apply for their own policy separately, or you can enquire about joint cover by contacting Scottish Widows Direct, part of Lloyds Banking Group, on 0345 608 0388 Call telephone number 0345 608 0388.

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What if I already have a life insurance policy?

You can still apply for My Life Insurance. However, it’s important to consider any existing financial protection you may have before selecting the amount of cover you need. Any existing financial protection may impact the amount of new cover you require. This could include other life insurance policies, cover through work, or even personal savings.

Need some help on your protection needs?

Giving you peace of mind that you are covered, we are committed to help with your protection needs. Whilst we can’t provide you with advice on My Life Insurance you can contact LifeSearch, an Independent Protection Advice service. LifeSearch are not part of Lloyds Banking Group, however they will help you with your protection needs over the phone, call to speak to an advisor.

Who is Scottish Widows?

Scottish Widows is a life, pensions and investment company that's been helping people plan their financial futures for 200 years. Like Lloyds Bank, Scottish Widows is part of Lloyds Banking Group. Their registered address is:

How do I make a claim or cancel my policy?

For My Life Insurance policies, you can call Scottish Widows on 0800 849 6089 Call telephone number 0800 849 6089. Lines are open Mon–Fri 9am–5:30pm. Scottish Widows may record and monitor calls to help improve their service. You can write to Scottish Widows, quoting your policy number, at:

How do I get replacement documents if I've lost them?

If you've lost any of your documentation for My Life Insurance you can call Scottish Widows on 0800 849 6089 Call telephone number 0800 849 6089. Lines are open Mon–Friday 9am–5:30pm. Scottish Widows may record and monitor calls to help improve their service. You can write to Scottish Widows, quoting your policy number, at:

You can view your policy details for My Life Insurance through Internet Banking.

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If you have a query about a life insurance product which is no longer available, you can still contact us. Make sure you have your policy number to hand when you call.

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