LV= pays out over £5 million on IP claims during early 2022

The total pay-out figure includes income protection and personal sick pay claims between January and April this year. Claims pay outs for income protection totalled £4.4m during the period, including new claims and those made before 1 January, covering more than 700 income protection claimants aged between 23 and 63. Personal sick pay claims figures totalled over £1m during the period, with an average pay out of £1,046. The most common reasons for a claim were musculoskeletal conditions, Covid-19 and fatigue. Mike Farrell, director of protection sales at LV=, commented: "As energy ...