LV= extends payment break and premium & cover reduction options

Until 31 December 2021

John Brazier
clock • 2 min read

Insurer announces an extension on support options until end of the year for those affected by Covid-19

LV= has extended the payment break and premium and cover reduction options for protection policyholders that are unable to keep up with premiums due to the effects of the coronavirus pandemic. The provider stated that since April 2020, around 350 customers have benefited from either the payment break or the premium & cover reduction, with around nine in 10 retaining their cover once the option ends. Policyholders that qualify for either option will have access to LV= staff talk with members to discuss individual situations, signpost existing options and services available through thei...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Insurer

HSBC Life launches adviser support team

HSBC Life launches adviser support team

Reduction in average claim turnaround times

Jaskeet Briah
clock 26 June 2025 • 2 min read
The Exeter sees 20.9% increase in gross premium income

The Exeter sees 20.9% increase in gross premium income

2025 AGM

Cameron Roberts
clock 26 June 2025 • 1 min read
Chief change officer appointed at Shepherds Friendly

Chief change officer appointed at Shepherds Friendly

Michael Williams takes the role

Cameron Roberts
clock 25 June 2025 • 1 min read