Vitality life insurance

Vitality life insurance comes with a range of incentives and rewards to encourage you to live a healthier lifestyle. You could get significant discounts on your insurance by demonstrating healthy living and taking up the wellness products and services of Vitality’s partners.

The partners currently include gym and health screening providers. There’s also opportunities to get more control over the cost of your life insurance, with features such as Vitality’s guaranteed premiums.

Vitality’s life insurance policy, Personal Protection Plan, gives your family or dependents a lump sum payout when you die. You’ll receive the payout if you’re diagnosed with a terminal illness that leaves you with a life expectancy of less than 12 months.

When you take out Vitality life insurance, you have the option of selecting either whole of life cover or fixed term cover – the latter can cover you up to your 90th birthday but there’s no maximum term at all when it comes to whole of life insurance.

You can choose for your level of life cover to remain the same throughout the term of your policy, or you can opt to raise or lower it. If you choose to keep your level of life cover constant, then inflation can erode its real value and purchasing power over time.

To get over this problem, you can select a Vitality life insurance plan that is index-linked to UK consumer price inflation, so the level of cover should rise a little each year.

If you want to reduce your level of cover over the life of the plan, it can be set to decrease slightly each month – lower cover levels should also equate to reduced prices. This can appeal to those who are aiming to ensure a life policy will cover the amount still on a mortgage if they die as the sum owed on a capital and repayment mortgage also decreases over time.

Vitality Life offers so-called guaranteed insurability options, which allow you to increase your life cover level when certain events happen in your life. Guaranteed insurability options also mean you won’t be required to give Vitality more information about your health when raising your cover level in these circumstances.

With Vitality Life insurance, you won’t have to pay for your insurance if you’re unable to work for health reasons, provided you meet Vitality’s definitions for incapacity. The exact definitions vary depending on the type of work you do.

Vitality offers a selection of life insurance policies and types. Not all policies and types may be available through our website. Before buying life insurance we recommend you check the cover and benefits included.