LV= believe everyone should be supported with quality financial protection which pays out when it matters, which is why one of the features they include with their LV= Income Protection is a death benefit, at no extra cost.

All clients who take out an LV= Income Protection policy are eligible, which means if they die before the end of their policy, a death benefit will become payable. This is £5,000 if your client dies with four years of the policy start date, or £10,000 if your client dies four or more years after the policy start date.

The lump sum will be paid to the policyholder and form part of their estate for tax purposes. This means the money may be subject to inheritance tax under current legislation, depending on their personal circumstances.

To find out more, speak to your usual LV= Account Manager or visit LV.com/adviser