LV= introduces premium and cover reduction

Following the introduction of a ‘payment break' for customers, LV= has confirmed has introduced a premium and cover reduction for clients who may be struggling financially as a result of COVID-19. The insurer told COVER that premium and cover reductions will not affect adviser commission, so won't trigger any clawback or change the indemnity period. LV= said: "We already offer a variety of support for your clients through built in product features, cover options and the recent introduction of the payment break for our most vulnerable customers. "We'll now also be offering your clie...