LV= introduces premium and cover reduction

For personal and business protection policies

Adam Saville
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LV= introduces premium and cover reduction

Option to reduce their monthly premium by decreasing cover amount by up to 75% for a period of six months

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...

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