LV= : Mortgage and Lifestyle Protection

Product profile

Description

• A flexible tailored mortgage payment and living expenses protection policy to cover accident, sickness and unemployment

• Mortgage cover and living expenses cover can run for different periods as your need for protection may not end when your mortage does

For

• Aged 18 to 64
• Employees and self employed

Maximum monthly  sum insured

55% of income before tax, or 55% of net profit for the self employed

Period of cover

• Minimum - five years
• Maximum for mortgage protection - 25 years
• Maximum for income protection - 35 years
• Income protection ends at age 70

Benefits

• On an 'inability to do your own job' basis

• Pays out until you return to work or die or reach the age limit

• You choose the amount

• You choose the time period

• Up to 36 months unemployment cover

• Guaranteed premium

• No premium reviews or age-banded premium increases

• Waiver of premium payment when not working

• Can be amended

• Cover for career break, homemakers or voluntary redundancy

• Healthy Steps online health assessment check

• Mortgage guarantee

Options

• Level or index linked living expenses protection

• Accident, sickness and unemployment or accidentand sickness

• Can run separate periods for mortgage and living expenses sections

• 1/2/6/12/24 months deferred period