Provider LV= has launched a protection policy covering living expenses along with mortgage protection payments.
The Mortgage and Lifestyle Protection product will provide cover against accident, sickness and job loss, with level mortgage payment protection and the option of level or index-linked living expenses protection all under one plan.
LV= say they have launched this unique product in the protection market because they believe that consumer protection needs do not end when a mortagage does. Chris McFarlane, head of protection at LV=, says: "Based on extensive research, we saw that the market needed a more flexible product that could be tailored to their clients individual needs and that was easy to understand."
Mr McFarlane added that the product also offered clients flexibility, in that their cover could be altered if there were changes in their life circumstances, for example if they were to move house, get married or have children .




