To be eligible for Life insurance you need to be a UK resident, 18 or over, and under 60.

Our life insurance is arranged by Scottish Widows. They’re a part of Lloyds Banking Group, like us. Scottish Widows are our life insurance experts, and they’ve been protecting what matters most for over 200 years.

Introducing life insurance

Protection and peace of mind, for you and your loved ones. Here are the ways it could help.

Life Insurance

Life insurance pays out a cash lump sum if you die before your policy ends. 

It can act like a safety net, and could help your loved ones cope financially when you can't be there.

Critical illness cover

Critical illness cover pays out a cash lump sum if you are diagnosed with an illness covered by your policy before it ends.

The money could help you and your loved ones meet day-to-day costs and let you focus on your own health and wellbeing.

Mortgage cover

These types of policies pay out a cash lump sum to help pay off your mortgage if you die or fall seriously ill. 

It's designed to give your loved ones enough support to help pay off your mortgage if something happens to you.

Amazon £100 gift card

Get a £100 Amazon.co.uk Gift Card

Apply for life insurance or critical illness (Body Cover) online today and get a £100 Amazon.co.uk Gift Card. You'll receive your gift card once a minimum of six monthly premiums have been paid and the total premiums paid across all of your policies exceed £100. Terms and conditions apply.

Get a quote in our Mobile Banking app.

Get a life insurance or critical illness cover quote through our app. You can use your internet banking details to sign in. If you don't already use internet banking, you can register for the first time in the app. Just look for ‘Life Insurance’ in the Product menu to start.

You can use the app to apply for:

  • Life and critical illness cover up to £250,000
  • Single cover for one person
  • Level cover, which means that the cash pay-out stays the same until your policy ends. You'll pay the same amount each month
  • Amazon.co.uk Gift Card. As this is only available when you take out life insurance or critical illness cover online.
mobile phone

To use our Mobile Banking app you need to have a valid phone number registered to your account. Available to UK personal Internet Banking customers and Internet Banking customers with accounts held in Jersey, the Bailiwick of Guernsey or the Isle of Man or you can register for the first time in the app. Our app is available to IOS and Android users only and minimum operating systems apply, so check the App Store or Google Play for details. Device registration required. The app doesn't work on jail broken or rooted devices. Terms and conditions apply.

If you're a mortgage customer

You may prefer to book an appointment with one of our Mortgage and Protection advisers instead. You can get a quote for :

  • Life and critical illness cover up to £500,000
  • Single or joint cover
  • Level or decreasing cover.  With decreasing cover, the cash pay-out goes down each month until your policy ends. You'll pay the same amount each month.

 

Book an appointment

Your cover options

We can offer "level" or "decreasing" cover. Here's what they mean :
 

Level cover

Cover and payments stay the same

Graph showing cover remaining at same level

How does level cover work?

Level cover means that the cash pay-out stays the same until your policy ends. You'll pay the same amount each month.

What’s the benefit of level cover?

With level cover, the amount that gets paid out if you die won't change. So you and your loved ones will always know how much cover you'll have in case the unexpected happens.

How can I apply for level cover?

Apply for a quote in our mobile banking app.

Decreasing cover

Cover reduced but payments stay the same

Graph showing cover decreasing over time.

How does decreasing cover work?

Decreasing cover means that the cash pay-out goes down each month until your policy ends. You'll pay the same amount each month.

What’s the benefit of decreasing cover?

Decreasing cover is usually a cheaper kind of cover. It's often used to protect a repayment mortgage. As you pay off your mortgage, the outstanding amount will go down. So the amount that your cover pays out when you die will go down, too. If you mainly need cover for your mortgage, you could get the support you need and pay less each month than level cover.

How can I apply for decreasing cover?

We don’t currently have an online quote journey for decreasing cover, but we want to make sure you have the support you need.  That’s where our mortgage and protection advisors can help.

Why choose Scottish Widows?

Life insurance you can rely on, arranged by Scottish Widows. Here are a few reasons why they could be the right choice to protect you and your loved ones:

Reliable

Scottish Widows paid out 98% of claims in 2020. That's 206m in total.

Simple

Terms and conditions that are clear and easy to understand. That's why they're accredited by Fairer Finance.

Experienced

Scottish Widows has been protecting customers for over 200 years. So you're in safe hands.

Scottish Widows protection products have no cash-in value at any time. So if the policy ends without a claim, you won't get any money back.If you don't make payments on time, your cover will stop, your policy will end and you'll get nothing back.

What is life insurance?

Watch this short video to understand more about life insurance.

What is critical illness cover?

This video will take you through more detail on critical illness cover.

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Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.