LV= extends income protection cover

clock • 1 min read

LV= has made improvements to its income protection proposition which the insurer says 'will increase access for consumers and cover even more eventualities.'

The changes include introducing Fracture Cover, with payments up to £2,200 and a Death Benefit of £10,000. Both of these will now be automatically included as part of the contract, at no additional cost, and with no further underwriting or application forms. LV= has also added a Premium Payment Holiday, which means customers will not need to pay their premiums for up to six months if they are made involuntarily unemployed or leave work to become a full-time carer. Another addition is a Teachers Sick Pay Guarantee to offer simple, tailored income protection payments for teachers who...

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