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Vitality is a leading insurance company. It offers a range of Life and Health protection policies, such as Life Insurance, and Serious Illness Cover .
Vitality’s core purpose is to make clients healthier while helping them protect their lives. This is why they offer discount up to 40% for active policy holders.
It’s VitalityLife product is rated 5 star by Defaqto and in 2021 91% of claims were paid out.
By reaching this page you are eligible for 2 months FREE cover when you arrange a new Life Insurance policy.
Simply fill in the form below to apply your 2 months free discount or call us on 02084327333 stating the code VC2MF.
Vitality offers a menu plan called the Personal Protection Plan. Within this, you can pick and choose which policies you’d like to include.
The core policies you can choose from are Life Cover, Serious Illness Cover, and Income Protection Cover. We’ve written a separate review for Vitality’s Income Protection, so we’ll break down the Life Cover and Serious Illness Cover below.
Vitality Life Insurance Coverage | |
|---|---|
Maximum Benefit | £18 million |
Type of Cover Available |
|
Minimum Entry Age | 16 |
Maximum Entry Age | 74 |
Terminal Illness Cover? | ✅ |
Joint Cover? |
Joint life second death available for Whole of Life Insurance only |
Premium Type |
|
Waiver of Premium | Optional | Optional Serious Illness Cover |
Maximum Benefit | £3 million |
Conditions Covered |
|
Survival Period | 14 days |
Children’s Cover? | Family Benefit Included as standard, this pays £5,000 once you’ve had the policy for 9+ months for:
Full Children’s Cover An optional add-on for an extra premium, it covers children from 30 days old to age 18 (23 if in full-time education), paying:
|
There are a range of policy factors to consider when looking at Vitality’s Life Insurance. We’ve outlined these below.
For an extra monthly cost, you can add Waiver of Premium cover. If you’re unable to work due to incapacity, Vitality will pay for your premiums after a certain period.
You can choose this deferred period based on what would suit you the best. There are a range of options available between 1 and 12 months. Vitality will stop paying your plan premiums until either you return to work, the policy expires, or you die.
People who have a joint life plan and go their separate ways can each keep their own cover. Vitality gives you the option to split a joint plan into two single policies. This option can only be used following divorce, separation, or dissolution of your civil partnership.
Vitality also offers Guaranteed Insurability. This allows you to increase your benefit without any further medical assessment. After the increase, your cover must still meet the cap of £18 million for Life Cover, or £3 million for Serious Illness Cover.
Guaranteed Insurability can be used within 3 months of any of the following life events:
SPECIALIST TIP 🤓
You can use guaranteed insurability up to the plan anniversary before your 55th birthday. The only exception is for increases to your inheritance tax liability. For this, you can use the option until the plan anniversary before your 70th birthday.
Rather than Critical Illness Cover, Vitality offers Serious Illness Cover for an extra premium. This differs from the Critical Illness Insurance on the market in many ways.
Firstly, it covers many more conditions. Depending on the insurer, Critical Illness policies typically cover around 60 total conditions. Depending on which Serious Illness Cover Policy you choose, Vitality cover between 114 and 174 conditions. Claims can be made multiple times, up to the selected cover level.
In addition, Vitality pays out on a sliding scale of severity. Under Serious Illness Cover, you get between 15% and 100% of your benefit depending on the nature of your condition.
Most Life and Critical Illness Insurance policies only pay out once, and then your plan ends. That means that if you claim for a critical illness, your policy ends and you’re left without Life Insurance.
At that point, it will likely be tricky to get replacement Life Insurance due to your critical diagnosis. It will also be almost impossible to take out new Critical Illness Cover.
However, Vitality’s Protected Cover (an optional add-on for an extra premium) tackles this. There are two options:
Even without paying extra to add Children’s Cover, you get some child cover as standard with Serious Illness Insurance.
Once you’ve held the policies for 9 months, Family Benefit pays out £5,000 if:
Vitality’s increasing cover means inflation won’t erode the purchasing power of a claim over time. With this option, your benefit rises annually in line with the Retail Prices Index (RPI) rate of inflation.
Vitality automatically applies the increases until the last plan anniversary before your 80th birthday. With Joint Life Cover, it’s the 80th birthday of the youngest of the two people on the plan.
At this point, Vitality writes to ask if you want to continue with indexation. You must agree to opt in — otherwise, Vitality will automatically change your policy to Level Life Insurance.
With increasing, or Index-Linked cover, the maximum annual benefit increase is 10%. Vitality will round this to the nearest 0.25%.
You need to remember that the annual increases must not exceed the benefit limits. These are £18 million for Life Cover, and £3 million for Serious Illness Cover.
Rauri Taylor
Independent Protection Specialist
Vitality’s additional benefits come under its Vitality Plus and Vitality Optimiser Programmes.
The most unique aspect of Vitality’s life protection products is its Vitality Plus Programme. This gives policyholders access to lower premiums, cashback and other rewards. However, to get these benefits, policyholders must maintain a healthy lifestyle.
The Vitality Plus Programme:
This programme really opens up the rewards element of your policy. You get access to freebies, discounts, cashback and potentially annually reducing premiums.
If you add Vitality Optimiser, you get an initial upfront premium discount. If you don’t want an Optimiser plan, you can simply add Vitality Plus to any core product and take advantage of the rewards linked to that specific option.
SPECIALIST TIP 🤓
It’s important to know that with Optimiser policies, your premiums could go up as well as down. If you don’t engage with the healthy living programme and maintain a healthy lifestyle, your premiums may increase.
Vitality Status Impact on Premiums | Status | Premium Change |
|---|---|
Bronze | +2.5% |
Silver | +1.5% |
Gold | +0.5% |
Platinum | 0% |
A further benefit Vitality offers is that it will advance up to £10,000 of your life insurance benefit to a funeral director. This will allow your family to cover the cost of your funeral if your overall benefit is tied up in probate.
We’ve highlighted some of the key features of Vitality’s cover to help you compare their Life Insurance against other UK providers.
Where the minimum age for most other providers is 18, Vitality lets you take out Life Cover from age 16. This is a good option for the youngest people seeking Life Insurance.
Vitality caps the maximum benefit at £18 million for Life Insurance. While this should be enough for most people, there are insurers which offer higher, or unlimited Life Insurance benefits. If you do need more than £18 million in Life Insurance, you’ll therefore need to choose another provider.
Vitality allows you to make multiple claims on your Serious Illness Policy. This makes Vitality a good option if you’re concerned about your policy ending after a Serious Illness claim.
Vitality includes a basic Family Benefit for children as standard, covering £5,000 for certain circumstances. There is the option to add more comprehensive Children’s Cover for an extra cost.
With most Critical Illness Insurance policies, insurers fix the child cover at a certain percentage of your benefit. This is typically around 25%.
However, if you do add on Comprehensive Children’s Cover with Vitality, you can select how much cover you want. You can choose any amount between £15,000 and £100,000.
Total Permanent Disability Cover pays out if you become so disabled through illness or injury that you can’t ever work again. Total Permanent Disability is included within Vitality’s Serious Illness Cover, rather than offered as a separate add-on to the policy.
Vitality’s Serious Illness Cover requires you to survive for at least 14 days after your diagnosis to make a claim.
While many other insurers also have a 14 day survival period, there are plenty in the market with a 10 day period.
Vitality offers online trusts to help you protect your benefit from inheritance tax. These allow policies to be written into trust digitally rather than relying solely on paper forms and wet signatures.
This prevents any delays and your adviser can help you complete when they arrange the policy.
The cost of Life Insurance is subject to several factors. As well as the type and amount of cover you’d like, your health status is also assessed. Your Vitality Life Insurance premiums will depend on your individual circumstances, considering factors such as:
Read more in our guide to the cost of Life Insurance, or use our online quote tool to get a personalised quote in minutes.
Vitality is one of a number of insurers who offer Life Insurance products in the UK. Check out our comprehensive guide if you’d like to compare Vitality with the other top UK life insurance providers.
It’s often when we start comparing policies in more detail that we realise how complicated it can get. If you need some help, you can chat to one of our specialist independent advisers by giving us a call on 02084327333.
On the other hand, if you feel you know exactly what you need, you can use our handy life insurance quote tool to compare costs and apply online 😊
When it comes to protecting yourself and your finances, you deserve first-class service. Here’s why you should talk to us:
For help and fee-free Life Insurance advice, please don’t hesitate to get in touch. Pop us a call on 02084327333 or email help@drewberry.co.uk.
