LV= has announced reductions to many of its critical illness premium rates.
In some cases rates have been reduced by up to almost 30%, and across both guaranteed and reviewable combined life and critical illness contracts 96% of the premiums have been lowered.
The table below indicates how premiums have changed across the different products:
Product | Max decrease | Max increase | Percentage of Rates changed |
Combined life & CI (guaranteed) | 29.8% | 3.7% | 96% reduced, 4% increased |
Combined life & CI (reviewable) | 28.0% | 3.8% | 96% reduced, 4% increased |
Standalone CI | 27.1% | 18.4% | 20% reduced, 80% increased |
Critical illness: News update: July 2007
