Leading Income Protection that includes a death benefit at no additional cost!

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 a new LV= Income Protection policy are eligible, which means if they die before the end of their policy, a fixed one-off death benefit will become payable. The amount LV= pay depends on when the policy was started:

  • £5,000 if your client dies within 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 and the maximum amount payment is £10,000 per person insured, irrespective of how many policies your client holds.

Take a look at an example here

Make sure you get your hands on extra API commission as there’s only 7 weeks left!

You may have previously seen that LV= are increasing their API commission, up to 35%, for all The Right Mortgage advisers until the 24th August 2018. It is available on new FPP Income Protection and FPP Personal Sick Pay applications. The actual increase will depend on the product that you recommend and how LV= have agreed to pay your commission.