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Sunday, September 05, 2010 |
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| LV= Announce income protection enhancements |
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| LV= announces income protection enhancements
Today, protection and retirement specialist LV= announces that it has made enhancements to its income protection policy, resulting in another coveted Defaqto 5 Star Rating.
LV=’s income protection policy (which forms part of the protection menu, the Flexible Protection Plan) now includes Guaranteed Increase Options, which means policyholders can increase their cover without any medical or financial underwriting if they:
Increase their mortgage
Get married or register a civil partnership
Have or adopt a child
Have an increase in basic salary as a result of promotion, changing employer or gaining qualifications.
The policy now also includes Back to Work Support, meaning LV= may provide financial support and advice to help policyholders return to work with confidence.
Plus, LV= has added a Career Break Option where policyholders will be covered (for up to a maximum of £1,500 a month) if they decide to take a break from work. If they then return to the same job within 24 months they'll be able to go back to their original amount of cover and premium without the need for any medical questions (provided they haven't made a claim during this period).
Mark Jones, LV= head of protection, said: “These new enhancements further improve our already strong income protection proposition, and will help advisers offer greater flexibility and support to their clients.
“We’re extremely proud to have earned a Defaqto 5 Star Rating as a result of these changes and delighted that our policy is recognised as one of the best quality and best value products available in the market.”
Other benefits of LV=’s income protection product include:
A choice of full or budget cover
No standard exclusions
Guaranteed premiums available
A fair approach to future indexation
In-house tele-interviewing service
Dedicated large case team
Published, transparent claims performance
Source: LV= Website 13/05/2010 |
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