LV= removes 60-day unemployment claim exclusion
Tue, 13 Jan 2009
LV= has announced that it is removing its initial 60 day unemployment claim exclusion for customers who replace their existing unemployment cover with its mortgage and lifestyle protection cover .

New customers would usually have to hold their policies for at least 60 days before being able to make an unemployment claim. However, the protection specialist is removing this exclusion until 31 March. Customers will also be provided with up to the same monthly level of unemployment benefit that they had under their previous plan.

Chris McFarlane, head of protection at LV=, said: "The onset of the recession has brought into sharp focus the reality of how important it is to have the right cover in place. Advisers have recognised that we can provide superior cover to traditional MPPI, but have been concerned that their clients could be left without unemployment cover for the first 60 days if they switched them from their old plan."
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