Usually LV= would not pay a claim for unemployment cover if the customer became unemployed within 60 days of their plan starting. The provider is now extending its offer by a further six months until the end of 2009.
At the same time, LV= is publishing its underwriting approach for unemployment cover, to help clarify, through a series of different scenarios, whether an application for unemployment cover would be accepted.
Chris McFarlane, LV= Head of Protection commented: "With the recession biting, we know that consumers may be increasingly concerned about their job security and that advisers need clarity and certainty around which products are suitable for their clients. As unemployment continues to rise, we are pleased to be able to extend the offer to give more customers and advisers the chance to benefit."
