The critical illness cover under LV= Life and Critical Illness offers a wide range of conditions, including enhanced claim payments.
These really could make a difference if your clients experience a life changing event at an early age or as a result of an accident:
- 200% of cover for accidents
If your client is diagnosed with one of the ten full payment conditions as a direct result of an accident, LV= will pay double the cover – up to an additional maximum of £200,000.
For example a client with £50,000 of cover will receive £100,000, and a client with £300,000 of cover will receive £500,000.
- 150% of cover for neurological conditions under age 45
Diagnosis of a neurological condition can happen at any age, but if it’s confirmed at a younger age the financial impact can be significant; potentially affecting their current lifestyle and their ability to finance future plans.
If your client is diagnosed with one of the six specified neurological conditions under 45 years of age, LV= will pay them one and a half times their amount of cover – up to an additional maximum of £200,000.
For example a client with £100,000 of cover will receive £150,000, and a client with £450,000 of cover will receive £650,000.
And don’t forget, LV= Life and Critical Illness policies come with LV= Doctor Services at no added cost to the client. LV= Doctor Services gives clients access to six expert medical services including remote GP and a second opinion service, as well as remote physiotherapy and remote psychotherapy. These can provide valuable support for clients throughout the term of their policy and not just at claim.
LV= Doctors services is provided by Square Health Limited. It is a non-contractual benefit and can be changed or withdrawn at any time.
If you would like to find out more about LV= Life and Critical Illness cover, contact your usual LV= Account Manager, visit the adviser website, or call 0800 032 4219.
