Personal Sick Pay rate change 10 April and pipeline procedures

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Personal Sick Pay rate change 10 April and pipeline procedures

10/04/2019
PROTECTION

From Wednesday 10th April, income protection provider LV= is changing rates across its Flexible Protection Plan Personal Sick Pay cover. The rate change will affect rates for full Personal Sick Pay and Budget Personal Sick Pay.

Pipeline Business

  • Applications with a valid quote dated on or before 9 April 2019 and submitted to LV= by 23 April 2019 will have previous rates applied.
  • Applications submitted to LV= from 24 April 2019 will have new rates applied, even if quoted on or before 9 April 2019 as the quote will not be valid.
  • Quotes issued from 10 April 2019 will be subject to the new rates.
  • Applications in new business pipeline, where previous rates apply, can have new rates applied if requested by the client or adviser.

 

For the latest versions of our Personal Sick Pay future prices tables, please contact your LV= account manager.