Insurer LV= is improving its term life and critical illness pricing on its Flexible Protection Plan product range, with 53% of rates reducing.
Some specific examples:
- A male aged 30 next birthday taking out a £100,000 level combined life & CI policy with a 25 year term will now pay £25.97 a month (reduced from £27.00).
- A female aged 30 next birthday taking out a £100,000 level term assurance policy with a 25 year term will now pay £5.82 a month (reduced from £6.20).
Chris McFarlane, Head of Protection at LV=, says: “This latest rate review activity is another great example of our commitment to providing quality, competitive protection solutions. These improvements ensure that our protection covers continue to be both accessible and attractive.”