LV= extends payment break option to April 2021

The first insurer to do so earlier this year, LV= introduced payment breaks in April across its income protection, critical illness, life insurance and business protection policies to support members experiencing financial difficulties. About £25,000 of premiums have been waived helping more than 160 LV= members maintain their cover, said the protection provider. Initially granting payment breaks gradually up to three months, LV= has increased the limit to six months. Data from LV='s Wealth and Wellbeing Monitor showed that a fifth (20%) of people surveyed have seen their income fall ...