Virgin Money is a UK-based financial services company owned by the Virgin Group and founded by Sir Richard Branson in March 1995. It was originally known as Virgin Direct, and was the first company to launch a value Personal Equity Plan into the market.
Over the last decade, Virgin Money expanded its operations globally, and received a banking licence through the purchase of the Church House Trust. Their Life insurance products are supplied to customers through a partnership with Friends Provident, and policies are available from £5 a month.Customers can select level term cover where the cash sum paid out stays the same or decreasing term cover where the cash sum reduces over time.
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