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LV= announces improvements to prices

LV= logo

Protection specialist LV= has announced improvements to its rates on life and critical illness.


In some cases premiums have been reduced by over 13%.


The table below indicates how premiums have changed across the different products:



Average rate reduction

Percentage of rates changed

Life Protection

(Decreasing & Level Term Assurance)


99% reduced, 1% increased

Standalone Critical Illness


82% reduced, 7% unchanged, 11% increased

Accelerated Critical Illness


Guaranteed rates: 98% reduced, 2% increased

Reviewable rates: 80% reduced, 7% unchanged, 13% increased


A female non smoker aged 35 next birthday opting for Level Term Assurance, for a £150,000 sum assured, over a 25-year period now costs £9.99 per month, a reduction from £10.24 previously.


Chris McFarlane, Head of Protection at LV= comments: "At a time when protection is more important than ever, we are committed to providing simple, flexible and affordable solutions to customers. We know that consumer perception of price is a major barrier to taking out protection, but actually cover can be much more affordable than consumers think, and even £10 per month can go a long way towards providing a reasonable level of protection."


Customers choosing LV= to provide their protection cover also get online health assessment and advice service Healthy Steps.


Life insurance: News update: September 2008


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