LV= removes 60 day unemployment exclusion

Monday, 06, Apr 2009 01:08

b>LV= has extended its offer to remove the initial 60 day unemployment claim exclusion an additional three months.

The offer applies only to customers who switch to a Mortgage & Lifestyle Protection cover.

Policies taken out on or before June 30th 2009 benefit from unemployment claims being covered even if made within the first 60 days of taking out a policy.

The unemployment cover pays out for up to 36 months over the lifetime of the plan, with a maximum of 12 months for any one claim

The product also offers clients protection for both mortgage and living expenses and accident and sickness cover.

Chris McFarlane, LV= head of protection, said: "The realities of the current employment market and wider economic climate are such that it is vital for people working in all sectors to ensure they have the right protection in place.

"With increasing numbers of people feeling insecure in their employment, as the unemployment rate recently hit 6.5 per cent, our market leading cover is more relevant than ever."