LV Mortgage and Lifestyle Protection
Fixed Price Income Protection with Unemployment Cover
- Provides long term accident and sickness cover
- Optional unemployment cover
- Premiums are guaranteed and fixed
- Cover 50% of your earnings up to a maximum monthly benefit of £4,166
- Claim paid if sickness or accident prevents you doing your "Normal Occupation"
- No mortgage required
- Multiple claim policy
- Use us and get £75 Cashback (terms apply)
Limited Offer £75 Cashback
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LV Mortgage and Lifestyle Protection
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Income Protection Summary
Income protection provides long term protection should you be unable to work as a result of illness or accident. The benefit is paid until you return to work or until the end of the plan term therefore protecting your income and lifestyle until your retire.
What's so Good about LV Cover?
The contract and the premiums are guaranteed and fixed for the life of the plan meaning no premium increases (other than if you have increasing cover). This provides peace of mind that you know what you will be paying and your cover cannot be cancelled by the provider LV. Traditional accident sickness and unemployment (ASU) policies can with short notice increase premiums significantly when claims or other costs rise or cancel you cover with on 90 days notice which could be at a time you need it most. LV offers own occupation definition for accident sickness claims and does not normally exclude back related conditions or stress which many ASU policy exclude automatically. Plus with 90% claims paid during 2009 is why LV is one of our best buys.
Own Occupation - Disability Definition Explained
An important aspect of the plan is that a claim can be considered should you become unable to do your own occupation rather than any occupation or a series of tasks that could be unrelated to you job. Why accept anything else?
Permanent Health Insurance - Cashback Terms
Use us for your Permanent Health Insurance cover and we will give you cashback after acceptance of your policy.
- Cashback is paid after the second month and once you have made the 2nd monthly payment.
- Policy premium must be £20 per month or more to qualify for guaranteed £75 cashback. Lower premiums will attract cashback but this is likely to be less than the £75.
- The cashback is a rebate of our commission, which is paid in advance of the earnings period typically 36 with Exeter Family Friendly Income Protection. Cashback is only paid on the basis that you maintain the cover for the commission earnings period or longer. Should the policy stop or be altered within this earnings period the provider may request repayment of any unearned commission from us and you agree to repay on our demand your percentage share based on the percentage paid to you as cashback.
- We reserve the right to delay paying the cashback until after the commission earnings period if we suspect the policy has been taken out for the sole purpose of acquiring the cashback with no intent of maintaining the cover.
- These cashback terms do not affect your Statutory rights.
- We reserve the right to alter these terms at anytime and if we do shall take immediate effect.
Cashback terms last updated 8th Apr 2010
