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Know how much you're paying each month - depending on the type of cover or options you choose, your premiums are guaranteed to stay the same as you get older, unless you increase or extend your cover. |
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Cover to suit your needs - you choose how long you’d like cover for and the amount your family or partner would need. |
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Waive your premiums - for an additional amount you can have your premiums waived if you can’t work due to illness or injury for over three months. This will continue until you return to work, your 65th birthday or the cover ends. |
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Financial security for your loved ones - they can receive a cash sum if you die during the cover period. |
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Early payment - receive payment if you’re diagnosed with a terminal illness before the cover ends, where death is expected within 12 months. |
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We’ll help you all the way through the claims process - with a dedicated claims handler. |
John Lewis Life Cover is provided by Friends Life and Pensions Limited.
Please read the Key Facts and Membership Handbook for full details of the cover. The Membership Handbook is also commonly known as 'policy conditions' or 'terms and conditions'.
A John Lewis Life Cover Plan doesn't have a cash-in value and requires you to make monthly payments. The cost of your cover will depend on your individual needs and circumstances and the amount of cover you choose.
It's important to remember that the buying power of any money paid out will reduce with inflation, so you need to make sure that you take out sufficient life cover and regularly review your arrangements with us.
Pays a cash sum that stays the same throughout the cover period unless you change the amount of cover.
The level of cover reduces each month in line with the capital outstanding on a repayment mortgage with an interest rate of 10% a year.
- Decreasing Term Cover
The level of cover decreases each month at an equal rate throughout the cover period.
- Family Income Benefit Cover
The cash sum is paid in annual installments for each year remaining in the cover period after a claim is accepted.
- Renewable Term Cover
Pays a fixed cash sum, where your cover is renewed every five or ten years. This will either increase or decrease what you pay based on current premium rates and your age, without the need for further medical evidence.
You can apply for any of the cover options to cover just you, you and another person, or one or two people not including you.
Terms, conditions, limitations, exclusions and eligibility criteria apply.