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 have to hold their policies for at least 60 days before they are able to make an unemployment claim.
The Mortgage & Lifestyle Protection product offers:
- Protection for both mortgage and living expenses cover
- Accident and sickness cover that pays out until you get 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 cannot be cancelled by the insurer (with most MPPI products, the insurer can increase the premiums, change the terms and conditions or even cancel the cover)
Chris McFarlane 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. Our Mortgage & Lifestyle Protection offers real long-term protection, backed up by great service."
Income protection insurance: News update: January 2009