CIExpert: 'All LV= changes are positive'

Upgrade moves insurer 'back up quality tables'

Adam Saville
clock • 4 min read

Alan Lakey says LV=’s ‘first real critical upgrade since May 2013’ is a welcome start to 2020

In light of LV='s critical illness changes, announced today, the CIExpert director said: "LV= had been treading water for some time, focusing on its income protection (IP) proposition, and this timely upgrade moves them back up the quality tables."  He added: "All of the changes are positive with a number of unique twists, all of which translate into more claims and higher sums being paid." Additional payment conditions have been increased to the lower of £30,000 or 50% of the sum insured, which, Lakey said, is "a welcome move from the previously confusing mix of different calculation...

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