The Top 10 Life Insurance Companies in the UK and What They Offer

Life insurance is a type of protection policy that pays out a lump sum or regular income to your loved ones if you die during the term of the policy. It can help cover funeral costs, debts, mortgage payments, or provide financial support for your dependents. There are many life insurance companies in the UK, each offering different types of policies, features, benefits, and prices. To help you choose the best one for your needs and budget, here is a list of the top 10 life insurance companies in the UK and what they offer:

• Aviva. Aviva is one of the largest and most well-known life insurance providers in the UK, with over 15 million customers. Aviva offers a range of life insurance products, including level-term, decreasing-term, critical illness coverage, whole-life, and over-50s plans. Aviva also provides a free online will service, access to a GP helpline, and a bereavement support service for its customers. Aviva’s life insurance policies start from £5 a month and can be tailored to suit your individual needs. Aviva also offers life insurance for diabetics, which can help you get affordable cover if you have diabetes.

• Legal & General. Legal & General is another leading life insurance company in the UK, with over 10 million customers. Legal & General offers level term, decreasing term, critical illness cover, income protection, and over 50s plans. Legal & General also provides a free trust service, access to a nurse helpline, and a terminal illness benefit for its customers. Legal & General’s life insurance policies start from £6 a month and can be adjusted to fit your personal circumstances. Legal & General also offers life insurance for smokers, which can help you get competitive rates if you smoke or vape.

• LV=. LV= (formerly Liverpool Victoria) is a mutual life insurance company that has been operating since 1843. LV= offers level term, decreasing term, critical illness cover, income protection, and over 50s plans. LV= also provides a free online will service, access to a counselling helpline, and a terminal illness benefit for its customers. LV=‘s life insurance policies start from £5 a month and can be customised to match your preferences. LV= also offers life insurance for over 60s, which can help you get flexible cover if you are older than 60.

• Royal London. Royal London is the UK’s largest mutual life insurance company, with over 8 million customers. Royal London offers level term, decreasing term, critical illness cover, income protection, and over 50s plans. Royal London also provides a free trust service, access to a bereavement helpline, and a terminal illness benefit for its customers. Royal London’s life insurance policies start from £7 a month and can be modified to suit your requirements. Royal London also offers life insurance for cancer survivors, which can help you get comprehensive cover if you have had cancer or are in remission. 

• Vitality. Vitality is a unique life insurance company that rewards its customers for living healthy lifestyles. Vitality offers level term, decreasing term, critical illness cover, income protection, and whole of life plans. Vitality also provides access to a wellness programme that includes discounts on gym memberships, fitness trackers, healthy food, and cinema tickets. Vitality’s life insurance policies start from £8 a month and can be personalised to meet your goals. Vitality also offers life insurance for self-employed, which can help you get flexible cover if you work for yourself or run your own business.

• Zurich. Zurich is an international life insurance company that has been operating in the UK since 1873. Zurich offers level term, decreasing term, critical illness cover, income protection, and whole of life plans. Zurich also provides access to an online portal that allows you to manage your policy online, as well as a bereavement support service for its customers. Zurich’s life insurance policies start from £5 a month and can be adapted to fit your needs. Zurich also offers life insurance for seniors, which can help you get affordable cover if you are older than 65.

• AIG. AIG is an American life insurance company that has been operating in the UK since 1974. AIG offers level term, decreasing term, critical illness cover, income protection, and whole of life plans. AIG also provides access to a range of additional benefits such as Best Doctors®, Winston’s Wish®, and Care Cover with Whole of Life for its customers. AIG’s life insurance policies start from £5 a month and can be changed to suit your situation. AIG also offers life insurance for children, which can help you get cover for your children or grandchildren.

• Scottish Widows. Scottish Widows is a Scottish life insurance company that has been operating since 1815. Scottish Widows offers level term, decreasing term, critical illness cover, income protection, and whole of life plans. Scottish Widows also provides access to an online trust service, a funeral benefit option, and a terminal illness benefit for its customers. Scottish Widows’.