LV= Mortgage & Lifestyle Protection special offer

Special offer for all customers who switch their existing unemployment cover to LV='s Mortgage & Lifestyle Protection product before 31st March 2009.

For a limited period, protection specialist LV= is removing its initial 60 day unemployment claim exclusion for customers who replace their existing unemployment cover with LV='s innovative Mortgage & Lifestyle Protection cover. Usually new customers would have to hold their policies for at least 60 days before they were able to make an unemployment claim.

The Mortgage & Lifestyle Protection product offers financial advisers and their clients the following:

Protection for both mortgage and living expenses cover;

Accident and sickness cover that pays out until the client gets better, no matter how long it takes, up to the end of the policy term (most MPPI products limit payout to 12 months);

Unemployment cover paying out for up to 36 months over the lifetime of the plan, with a maximum of 12 months for any one claim (most MPPI products will only pay out for a maximum of 12 months in total);

The peace of mind of guaranteed premiums, together with guaranteed terms and conditions, and a contract that can't be cancelled (with most MPPI products, the insurer can increase the premiums, change the terms and conditions or even cancel the cover).

Under the new special offer from LV=:

Customers will be provided with up to the same monthly level of unemployment benefit that they had under their previous plan;

A claim under the unemployment cover can be made within the first 60 days of taking out a new Mortgage & Lifestyle Protection plan, including unemployment cover.

Chris McFarlane, Head of Protection at LV= comments: "The onset of the recession has brought into sharp focus the reality of how important it is to have the right cover in place. Advisers have recognised that we can provide superior cover to traditional MPPI, but have been concerned that their clients could be left without unemployment cover for the first 60 days if they switched them from their old plan. We've listened, and this new offer enables advisers to give a market leading solution to their clients, who understandably want continuity of unemployment cover. Our Mortgage & Lifestyle Protection offers clients real long term protection, backed up by great service. We are sure this special offer will help advisers provide the best possible solution to their customers."