LV= has announced that it has introduced guaranteed insurability options, back to work support and career break options to its income protection policy.
Guaranteed increase options will allow policyholders to increase their cover without any medical or financial underwriting if they increase their mortgage, get married or register a civil partnership, have or adopt a child or have a rise in basic salary as a result of promotion, changing employer or gaining qualifications.
Also, the policy now includes back to work support which means that LV= could provide financial support and advice to help policyholders return to work with confidence.
With the career break option, policyholders are covered for up to a maximum of £1,500 a month if they decide to take a break from work. If they then return to the same job within 24 months they will be able to go back to their original amount of cover and premium without the need for any medical questions, as long as they haven't made a claim during this period.




