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Liverpool Victoria
Accidental Death Life Cover Through Liverpool Victoria
Liverpool Victoria understands the importance of protecting oneself against unfortunate circumstances including accidental death. Therefore, the company provides the opportunity to obtain accidental death Life Cover if an exceptional value for a reasonable cost. Peace of mind can be invaluable and affordable with an insurance Life Cover that protects the policyholder’s financial support of his loved ones.
Although accidental death Life Cover does not provide any cash value whatsoever to the policyholder, it does provide the protection he needs should the worst circumstance occur. As long as the policyholder’s premiums are paid in full, the protection he needs is available when it is needed most.
Premium costs for accidental death Life Cover through Liverpool Victoria can run as low as £2.95 on a monthly basis. Since no medical is required for applicants, acceptance into the program is guaranteed provided the potential policyholder falls within the required age limit. Plus, policyholders can select the level of Life Cover that best meets their needs according to their individual circumstances.
Terms are fixed for ten years with Liverpool Victoria’s accidental death Life Cover. The policyholder is Life Covered 24 hours a day, every day of the year. Plus, this Life Cover extends to any location in the world that the policyholder might travel to on any given day.
As with any insurance Life Cover, certain limitations do apply. Therefore, it is recommended that anyone who obtains a policy read the fine print of his or her policy documents.
A cash lump sum will be paid out to the beneficiaries if the policyholder dies within a single year after the occurrence of an accident. The policyholder has the option to obtain accidental death Life Cover for his partner as well.
Liverpool Victoria’s accidental death Life Cover policy does have a few restrictions. The policyholder must be between the ages of 25 and 70. Additionally, the policyholder must be a resident of the UK in order to obtain this type of insurance Life Cover from Liverpool Victoria.
Three types of accidental death Life Cover insurance policies are available through Liverpool Victoria. This includes two single policy Life Covers and two joint policy Life Covers. The Gold Life Cover policy provides a payout of £25,000 while the Platinum Life Cover policy provides a payout of £50.000.
The single policies are featured for the reasonable sum of only £2.95 a month for the Gold Life Cover or £2.95 a month for the Platinum Life Cover. The joint policies are featured for the reasonable sum of only £3.95 a month for the Gold Life Cover or £5.99 a month for the Platinum Life Cover.
The single policy is for an individual policyholder. The payout for this type of policy whether it is a single or a joint policy is £25,000.
The joint policy is for an individual and the individual’s partner. The payout for this type of policy is for a maximum value of £50,000. Unlike other joint policies offered by different insurers, the maximum benefit of £50,000 is paid out upon the accidental death of a policyholder.
However, once the payout occurs for the individual who has died accidentally, the policy ends. For an individual and partner who prefer to have maximum Life Cover for both individuals, it is recommended that two single policies be taken out rather than the joint policy.
It is important to understand that any payment from an accidental death Life Cover policy might be liable to inheritance tax. Personal circumstances will dictate the tax treatment that applies to the payout.
Liverpool Victoria provides individual call lines for each of its insurance products. The operating hours for this call lines are from 8:00 am to 8:00 pm on Mondays through Fridays and from 8:00 am to 4:00 pm on Saturdays.
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