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...