-  applies to all personal and business protection policies (except Quick Cover, Sick Pay and Pension Term)
-  for most policies, a minimum premium of £5 a month applies. Personal Sick Pay has a £500 a month minimum cover limit.
The coronavirus outbreak is affecting everyone differently – with heightened anxiety, fears for the future and money worries. That’s why we want to do all we can to provide our members with options to support them through this time and help them keep their valuable cover in place.
We already offer a variety of support for members through built-in product features, cover options and the recent introduction of the payment break for our most vulnerable customers.
While the payment break is intended for - and is already supporting - the most financially vulnerable LV= policyholders, we recognise that the financial impacts of COVID and lockdown are far reaching. Through our latest premium reduction option we can now offer more of our members some much needed financial relief, with the reassurance that some cover remains in place.