LV= paid 95% of 2020 individual protection claims

LV= paid out a total of nearly £118 million in individual protection claims throughout 2020, totalling 95% of its overall claims received. LV= paid out £28m in critical illness claims, nearly £72m in life insurance claims, and just under £14.6m in income protection claims over the course of the year. Over £2.6m was also paid out in personal sick pay protection. Critical illness claims were primarily for cancer (60%), followed by heart attack (10%) and stroke (8%), with the highest payment as £500,000. The insurer states 222 claims were made following a cancer diagnosis with breast (26...