Income protection revamped with a number of features including added GIO and parent & child cover
LV='s new ‘income protection plan for renters' pays out a monthly benefit to renters if they are unable to work due to illness or accident. The plan has a number of additional features tailored to renters - a consumer base that amounts to 4.5m households in the UK, ONS figures show. Nearly 40% of private renters have dependent children and 50% of all children born in 2019 live in rented accommodation. Added features A new guaranteed increase option (GIO) has been added to allow for the...
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