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offering" role="menuitem"><span>Our pension offering</span></a></li></ul></li><li><h3 class="section-heading">More</h3><ul class="children"><li><a href="https://portal.lvadviser.com/quote/#/quotes/create/" target="_blank" class="" title="Quote &amp; apply" role="menuitem"><span>Quote &amp; apply</span></a></li><li><a href="https://portal.lvadviser.com/" target="_blank" class="" title="Servicing" role="menuitem"><span>Servicing</span></a></li><li><a href="/pensions/core-options" target="_self" class="" title="Personal pension (core)" role="menuitem"><span>Core options (LV= SIPP)</span></a></li><li><a href="/pensions/partner-and-extended-options" target="_self" class="" title="SIPP (selected and extended)" role="menuitem"><span>Selected Partner and Extended options (LV= SIPP)</span></a></li></ul></li></ul></div></li><li class=""><a class="has-sub " role="menuitem" aria-expanded="false" aria-haspopup="true"><span>Guaranteed Income Solutions</span><span class="icon-arrow"></span></a><div 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href="/personal-protection" target="_self" class="" title="Protection" role="menuitem" aria-expanded="false" aria-haspopup="true"><span>Protection</span><span class="icon-arrow"></span></a><div class="subnav level1"><ul><li class=""><a class="has-sub " role="menuitem" aria-expanded="false" aria-haspopup="true"><span>Personal Protection</span><span class="icon-arrow"></span></a><div class="subnav level2"><ul><li><h3 class="section-heading">Products</h3><ul class="children"><li><a href="/personal-protection" target="_self" class="" title="Personal Protection" role="menuitem"><span>Personal Protection</span></a></li><li><a href="/personal-protection/income-protection" target="_self" class="" title="Income Protection" role="menuitem"><span>Income Protection</span></a></li><li><a href="/personal-protection/life-and-critical-illness" target="_self" class="" title="Life and Critical Illness" role="menuitem"><span>Life and Critical Illness</span></a></li><li><a href="/personal-protection/life-protection" target="_self" class="" title="Life Protection" role="menuitem"><span>Life Protection</span></a></li><li><a href="/personal-protection/personal-sick-pay" target="_self" class="" title="Personal Sick Pay" role="menuitem"><span>Personal Sick Pay</span></a></li><li><a href="/personal-protection/family-income-benefit" target="_self" class="" title="Family Income Benefit" role="menuitem"><span>Family Income Benefit</span></a></li><li><a href="/personal-protection/gift-inter-vivos" target="_self" class="" title="Gift Inter Vivos" role="menuitem"><span>Gift Inter Vivos</span></a></li></ul></li><li><h3 class="section-heading">More</h3><ul class="children"><li><a href="/personal-protection/flexible-protection-plan" target="_self" class="" title="Flexible Protection Plan" role="menuitem"><span>Flexible Protection Plan</span></a></li><li><a href="/personal-protection/income-protection-solutions" target="_self" class="" title="Income Protection Solutions" role="menuitem"><span>Income Protection Solutions</span></a></li><li><a href="https://www.lvadviser.com/service/launchers/adviser/executelauncher?launcher=fpp-quote-multi" target="_blank" class="" title="Quote &amp; apply" role="menuitem"><span>Quote &amp; apply</span></a></li><li><a href="https://www.lvadviser.com/service/launchers/adviser/executelauncher?launcher=protection-progress-hub" target="_blank" class="" title="Protection Progress Hub" role="menuitem"><span>Protection Progress Hub</span></a></li><li><a href="/online-services/fastway/pre-uw-tool" target="_self" class="" title="Pre-underwriting tool" role="menuitem"><span>Pre-underwriting tool</span></a></li><li><a href="/online-services/personal-protection-tools-and-calculators" target="_self" class="" title="Tools &amp; calculators" role="menuitem"><span>Tools &amp; calculators</span></a></li><li><a href="/personal-protection/why-income-protection" target="_self" class="" title="Why Income Protection" role="menuitem"><span>Why Income Protection</span></a></li></ul></li></ul></div></li><li class=""><a class="has-sub " role="menuitem" aria-expanded="false" aria-haspopup="true"><span>Business Protection</span><span class="icon-arrow"></span></a><div class="subnav level2"><ul><li><h3 class="section-heading">Products</h3><ul class="children"><li><a href="/business-protection" target="_self" class="" title="Business Protection" role="menuitem"><span>Business Protection</span></a></li><li><a href="/business-protection/relevant-life-cover" target="_self" class="" title="Relevant Life Cover" role="menuitem"><span>Relevant Life Cover</span></a></li><li><a href="/business-protection/key-person-cover" target="_self" class="" title="Key Person Cover" role="menuitem"><span>Key Person Cover</span></a></li><li><a href="/business-protection/share-and-partnership-protection" target="_self" class="" title="Share &amp; Partnership Protection" role="menuitem"><span>Share &amp; Partnership Protection</span></a></li><li><a href="/business-protection/executive-income-protection" target="_self" class="" title="Executive Income Protection" role="menuitem"><span>Executive Income Protection</span></a></li></ul></li><li><h3 class="section-heading">More</h3><ul class="children"><li><a href="https://www.lvadviser.com/service/launchers/adviser/executelauncher?launcher=fpp-quote-multi" target="_blank" class="" title="Quote &amp; apply" role="menuitem"><span>Quote &amp; apply</span></a></li><li><a href="/online-services/business-protection-tools-and-calculators" target="_self" class="" title="Tools &amp; calculators" role="menuitem"><span>Tools &amp; calculators</span></a></li><li><a href="/business-protection/trusts" target="_self" class="" title="Business Protection &amp; Trusts" role="menuitem"><span>Business Protection &amp; Trusts</span></a></li><li><a href="/business-protection/tax-treatment" target="_self" class="" title="Tax treatment" role="menuitem"><span>Tax treatment</span></a></li><li><a href="/business-protection/business-protection-guide" target="_self" class="" title="Guide to Business Protection" role="menuitem"><span>Guide to Business Protection</span></a></li></ul></li></ul></div></li></ul></div></li><li class="has-sub"><a href="/equity-release" target="_self" class="" title="Equity Release" role="menuitem" aria-expanded="false" aria-haspopup="true"><span>Equity Release</span><span class="icon-arrow"></span></a><div class="subnav level1"><ul><li class=""><a class="has-sub " role="menuitem" aria-expanded="false" aria-haspopup="true"><span>Products</span><span class="icon-arrow"></span></a><div class="subnav level2"><ul><li><h3 class="section-heading">Products</h3><ul class="children"><li><a href="/equity-release" target="_self" class="" title="Equity Release" role="menuitem"><span>Equity Release</span></a></li><li><a href="/equity-release/lifetime-mortgage-lump-sum-lifestyle-interest-reward" target="_self" class="" title="Lifetime Mortgage Lump Sum Lifestyle Interest Reward" role="menuitem"><span>Lifetime Mortgage Lump Sum Lifestyle Interest Reward</span><span class="new">New</span></a></li><li><a href="/equity-release/lifetime-mortgage-lump-sum" target="_self" class="" title="Lifetime Mortgage Lump Sum Plus" role="menuitem"><span>Lifetime Mortgage Lump Sum Plus</span></a></li><li><a href="/equity-release/lifetime-mortgage-drawdown" target="_self" class="" title="Lifetime Mortgage Drawdown Plus" role="menuitem"><span>Lifetime Mortgage Drawdown Plus</span></a></li><li><a href="/equity-release/lifetime-mortgage-lump-sum-lifestyle" target="_self" class="" title="Lifetime Mortgage Lump Sum Lifestyle" role="menuitem"><span>Lifetime Mortgage Lump Sum Lifestyle</span></a></li><li><a href="/equity-release/lifetime-mortgage-drawdown-lifestyle" target="_self" class="" title="Lifetime Mortgage Drawdown Lifestyle" role="menuitem"><span>Lifetime Mortgage Drawdown Lifestyle</span></a></li></ul></li><li><h3 class="section-heading">More</h3><ul class="children"><li><a href="/contact-us/equity-release" target="_self" class="" title="Contact us" role="menuitem"><span>Contact us</span></a></li></ul></li></ul></div></li><li class=""><a class="has-sub " role="menuitem" aria-expanded="false" aria-haspopup="true"><span>Resources</span><span class="icon-arrow"></span></a><div class="subnav level2"><ul><li><h3 class="section-heading">Resources</h3><ul class="children"><li><a href="/online-services/equity-release-portal" target="_self" class="" title="Equity Release Portal" role="menuitem"><span>Equity Release Portal</span></a></li><li><a href="/online-services/equity-release-portal/faqs" target="_self" class="" title="Equity Release Portal FAQs" role="menuitem"><span>Equity Release Portal FAQs</span></a></li><li><a href="/equity-release/adviser-marketing-hub" target="_self" class="" title="Adviser Marketing Hub" role="menuitem"><span>Adviser Marketing Hub</span></a></li><li><a href="/knowledge-centre/video-and-webinar-library/equity-release" target="_self" class="" title="Equity Release videos and webinars" role="menuitem"><span>Equity Release videos and webinars</span></a></li><li><a href="/equity-release/early-repayment-calculator" target="_self" class="" title="Lifetime Mortgage Early Repayment Calculator" role="menuitem"><span>Lifetime Mortgage Early Repayment Calculator</span></a></li><li><a href="/equity-release/lifetime-mortgages-updates" target="_self" class="" title="Lifetime mortgages updates" role="menuitem"><span>Lifetime mortgages updates</span></a></li><li><a href="/equity-release/equity-release-council" target="_self" class="" title="Equity Release Council" role="menuitem"><span>Equity Release Council</span></a></li></ul></li><li><h3 class="section-heading">Supporting your client</h3><ul class="children"><li><a href="/supporting-your-client/care-navigator" target="_self" class="" title="Care navigator" role="menuitem"><span>Care navigator</span></a></li><li><a href="/supporting-your-client/doctors-services" target="_self" class="" title="LV= Doctor Services" role="menuitem"><span>LV= Doctor Services</span></a></li></ul></li></ul></div></li></ul></div></li><li class="has-sub"><a href="/supporting-you" target="_self" class="" title="Support" role="menuitem" aria-expanded="false" aria-haspopup="true"><span>Support</span><span class="icon-arrow"></span></a><div class="subnav level1"><ul><li class=""><a class="has-sub " role="menuitem" aria-expanded="false" aria-haspopup="true"><span>Knowledge centre</span><span class="icon-arrow"></span></a><div class="subnav level2"><ul><li><h3 class="section-heading">More</h3><ul class="children"><li><a href="/knowledge-centre" target="_self" class="" title="Knowledge centre" role="menuitem"><span>Knowledge centre</span></a></li><li><a href="/knowledge-centre/video-and-webinar-library" target="_self" class="" title="Video and webinar library" role="menuitem"><span>Video and webinar library</span></a></li><li><a href="/knowledge-centre/protection-webinar-calendar" target="_self" class="" title="Protection webinar calendar" role="menuitem"><span>Protection webinar calendar</span></a></li><li><a href="/knowledge-centre/news-hub" target="_self" class="" title="News hub" role="menuitem"><span>News hub</span></a></li><li><a href="/knowledge-centre/article-library" target="_self" class="" title="Article library" role="menuitem"><span>Article library</span></a></li><li><a href="/knowledge-centre/fuel-for-life" target="_self" class="" title="Fuel for Life" role="menuitem"><span>Fuel for Life</span></a></li><li><a href="/knowledge-centre/reaching-resilience" target="_self" class="" title="Reaching Resilience" role="menuitem"><span>Reaching Resilience</span></a></li><li><a href="/knowledge-centre/technical-hub" target="_self" class="" title="Technical Hub" role="menuitem"><span>Technical Hub</span></a></li><li><a href="/pensions/tax-year-end" target="_self" class="" title="Tax year end" role="menuitem"><span>Tax year end</span></a></li></ul></li></ul></div></li><li class=""><a class="has-sub " role="menuitem" aria-expanded="false" aria-haspopup="true"><span>Claims</span><span class="icon-arrow"></span></a><div class="subnav level2"><ul><li><h3 class="section-heading">More</h3><ul class="children"><li><a href="/supporting-you/claims" target="_self" class="" title="Claims" role="menuitem"><span>Claims</span></a></li><li><a href="/supporting-you/claims/our-claims-approach" target="_self" class="" title="Our approach to claims" role="menuitem"><span>Our approach to claims</span></a></li><li><a href="/supporting-you/claims/real-stories" target="_self" class="" title="Real stories" role="menuitem"><span>Real stories</span><span class="new">New</span></a></li></ul></li></ul></div></li><li class=""><a class="has-sub " role="menuitem" aria-expanded="false" aria-haspopup="true"><span>Protection underwriting</span><span class="icon-arrow"></span></a><div class="subnav level2"><ul><li><h3 class="section-heading">More</h3><ul class="children"><li><a href="/supporting-you/protection-underwriting" target="_self" class="" title="Protection underwriting" role="menuitem"><span>Protection underwriting</span></a></li><li><a href="/supporting-you/protection-underwriting/misrepresentation" target="_self" class="" title="Underwriting misrepresentation" role="menuitem"><span>Underwriting misrepresentation</span></a></li></ul></li></ul></div></li><li class=""><a class="has-sub " role="menuitem" aria-expanded="false" aria-haspopup="true"><span>Trusts</span><span class="icon-arrow"></span></a><div class="subnav level2"><ul><li><h3 class="section-heading">More</h3><ul class="children"><li><a href="/supporting-you/trusts" target="_self" class="" title="Trusts" role="menuitem"><span>Trusts</span></a></li><li><a href="/supporting-you/trusts/types-of-trust" target="_self" class="" title="Types of trusts" role="menuitem"><span>Types of trusts</span></a></li><li><a href="/supporting-you/trusts/trs" target="_self" class="" title="Trust Registration Service - FAQs" role="menuitem"><span>Trust Registration Service - FAQs</span></a></li></ul></li></ul></div></li><li class=""><a href="/supporting-you/protection-large-case-team" target="_self" class=" " title="Protection large case team" role="menuitem"><span>Protection large case team</span></a></li><li class=""><a href="/supporting-you/vulnerable-customers" target="_self" class=" " title="Vulnerable customers" role="menuitem"><span>Vulnerable customers</span></a></li><li class=""><a href="/supporting-you/suitability-letter-builder" target="_self" class=" " title="Suitability letter builder" role="menuitem"><span>Suitability letter builder</span></a></li><li class=""><a class="has-sub " role="menuitem" aria-expanded="false" aria-haspopup="true"><span>Portals and integration</span><span class="icon-arrow"></span></a><div class="subnav level2"><ul><li><h3 class="section-heading">Overview</h3><ul class="children"><li><a href="/adviser-portal" target="_self" class="" title="Savings and Retirement Adviser Portal" role="menuitem"><span>Savings and Retirement Adviser Portal</span></a></li><li><a href="/online-services" target="_self" class="" title="Online services" role="menuitem"><span>Online services</span></a></li><li><a href="/online-services/portals" target="_self" class="" title="Third party portals" role="menuitem"><span>Third party portals</span></a></li><li><a href="/online-services/integration" target="_self" class="" title="Back office integration" role="menuitem"><span>Back office integration</span><span class="new">New</span></a></li></ul></li></ul></div></li><li class=""><a href="/supporting-you/setting-up-an-agency" target="_self" class=" " title="Setting up an Agency" role="menuitem"><span>Setting up an Agency</span></a></li><li class=""><a href="/supporting-you/lv-news" target="_self" class=" " title="Our future plans" role="menuitem"><span>LV= news</span></a></li><li class=""><a class="has-sub " role="menuitem" aria-expanded="false" aria-haspopup="true"><span>Consumer Duty</span><span class="icon-arrow"></span></a><div class="subnav level2"><ul><li><h3 class="section-heading">More</h3><ul class="children"><li><a href="/supporting-you/consumer-duty-hub" target="_self" class="" title="Consumer Duty" role="menuitem"><span>Consumer Duty</span></a></li><li><a href="/supporting-you/consumer-duty-hub/protection" target="_self" class="" title="Protection" role="menuitem"><span>Protection</span></a></li><li><a href="/supporting-you/consumer-duty-hub/savings-and-retirement" target="_self" class="" title="Savings and Retirement" role="menuitem"><span>Savings and Retirement</span></a></li><li><a href="/supporting-you/consumer-duty-hub/equity-release" target="_self" class="" title="Equity Release" role="menuitem"><span>Equity Release</span></a></li></ul></li></ul></div></li><li class=""><a href="/supporting-your-client/why-lv" target="_self" class="has-sub " title="Why LV=" role="menuitem" aria-expanded="false" aria-haspopup="true"><span>Why LV=</span><span class="icon-arrow"></span></a><div class="subnav level2"><ul><li><h3 class="section-heading">More</h3><ul class="children"><li><a href="/supporting-your-client/why-lv" target="_self" class="" title="Why LV=" role="menuitem"><span>Why LV=</span></a></li><li><a href="/supporting-your-client/why-lv/mutual-bonus" target="_self" class="" title="Mutual bonus" role="menuitem"><span>Mutual bonus</span></a></li><li><a href="/supporting-your-client/why-lv/lv-difference" target="_self" class="" title="One-off bonus" role="menuitem"><span>One-off bonus</span></a></li><li><a href="/supporting-your-client/why-lv/our-awards" target="_self" class="" title="Our awards" role="menuitem"><span>Our awards</span></a></li></ul></li></ul></div></li><li class=""><a href="/supporting-your-client/member-benefits" target="_self" class="has-sub " title="Member benefits" role="menuitem" aria-expanded="false" aria-haspopup="true"><span>Member benefits</span><span class="icon-arrow"></span></a><div class="subnav level2"><ul><li><h3 class="section-heading">More</h3><ul class="children"><li><a href="/supporting-your-client/member-benefits" target="_self" class="" title="Member benefits" role="menuitem"><span>Member benefits</span></a></li><li><a href="/supporting-your-client/member-benefits/legal-advice" target="_self" class="" title="Legal Advice Line" role="menuitem"><span>Legal Advice Line</span></a></li><li><a href="/supporting-your-client/doctors-services" target="_self" class="" title="LV= Doctor Services" role="menuitem"><span>LV= Doctor Services</span></a></li><li><a href="/supporting-your-client/care-navigator" target="_self" class="" title="Care navigator" role="menuitem"><span>Care navigator</span></a></li></ul></li></ul></div></li></ul></div></li><li class="doc-library"><a href="/document-library" target="_self" class="" title="Document Library" role="menuitem"><span>Document Library</span><span class="icon-arrow"></span></a></li></ul></div></div><span id="skipnav" class="sr-only"></span></div></div>
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It allows you to make use of your annual ISA allowance, with investments growing free of UK income and capital gains tax. Through the LV= Platform you have access to a wide choice of funds and portfolios that can be tailored to your needs.</p>\n<p>&nbsp;</p>\n<p>\nKey features:</p>\n<ul>\n    <li>Tax-efficient wrapper with no UK tax on growth.*</li>\n    <li>Wide investment choice including LV= Smoothed Managed Funds, managed in partnership with BlackRock.</li>\n    <li>Flexible contributions, transfers and withdrawals.</li>\n    <li>Ability to switch investments as circumstances change.<br />\n    <br />\n    </li>\n</ul>\n<div>*Tax treatment depends on your individual circumstances and may be subject to change in future.</div>","categoryIds":"2F26E218C723434788C8C50D5308CE17"},{"label":"Member benefits","description":"If, within your ISA Portfolio you have invested in a LV= Smoothed Managed Funds ISA, this product is eligible for LV= membership benefits, giving you access to a range of member services and the potential to share in LV&rsquo;s success through a mutual bonus once you have held it for 12 months.&nbsp;&nbsp;<br />\n<br />\nThe LV= mutual bonus isn&rsquo;t guaranteed, and the amount can vary. Each year, the LV= Board decides if a mutual bonus can be awarded. The decision is guided by the Board's overriding responsibility to balance the need to deliver for our members both today and in the future, against LV&rsquo;s investment needs and the projected financial strength of the fund. Any past mutual bonuses could be reduced or removed, though could be reinstated at a later date.<br />\n<br />\nVisit:&nbsp;<a rel=\"noopener noreferrer\" href=\"https://www.lv.com/members\" target=\"_blank\" title=\"Membership page\">https://www.lv.com/members</a>&nbsp;to find out more.&nbsp;","categoryIds":"74FF219C4B424444AED50CE715557A7B"},{"label":"Mutuality","description":"Liverpool Victoria Financial Services Limited does not have any shareholders and, as a mutual organisation, exists wholly for the benefit of its members. Together with its subsidiary companies, Liverpool Victoria Financial Services Limited is an insurance and financial services business in the United Kingdom.","categoryIds":"9B053AFCB8004082B9184764EFF1194C"},{"label":"Member Discounts","description":"All members of Liverpool Victoria Financial Services qualify for discounts of up to 10% (on regular non-member rates) on a range of general insurance products including car and home insurance provided by LV= General Insurance Group, a subsidiary of Allianz Holdings plc.","categoryIds":"9B053AFCB8004082B9184764EFF1194C"},{"label":"Value Added Services","description":"<p>As a member who holds a protection policy, you also have access to the Legal Advice Line. The Legal Advice Line is run by a team of legal advisers who can talk to you about your rights and how to deal with various legal situations. You can get advice on a number of areas including general law, property related issues, wills and probate and family law. This service is not regulated by the Financial Conduct Authority or the Prudential Regulation Authority.</p>\n<p>LV= Doctor Services is automatically included with your policy and gives you and your partner or spouse access to six expert medical services in one app or by phone. This includes a 24/7 Remote GP service with unlimited consultations. LV= Doctor Services is a confidential service powered by Square Health and medical data will not be shared with LV=. This service is a non-contractual benefit and can be changed or removed at any time.</p>\n<p>LV= Doctor Services and the Legal Advice Line are provided by third party companies. These services are not regulated by the Financial Conduct Authority or the Prudential Regulation Authority.</p>","categoryIds":"9B053AFCB8004082B9184764EFF1194C"},{"label":"Voting","description":"<span>As a member, you will be entitled to attend the company&rsquo;s formal meetings and vote on company matters when you have held your membership-conferring product for a continuous period of twelve months. Full membership terms and conditions are available on request.</span>","categoryIds":"9B053AFCB8004082B9184764EFF1194C"},{"label":"Introduction","description":"<p>Following our recent conversation, I thought it would be helpful to put in writing what we discussed, and also explain why Executive Income Protection is an insurance policy which will pay a monthly amount if your employee (the person insured) becomes ill or injured and can&rsquo;t work for you, helping you to cover the cost of providing sick pay benefits to your employee.</p>\n<p><span>LV= is a specialist insurance company and is a mutual company and has been protecting its customers since 1843. LV= focuses on providing excellent customer service and offering great value products.</span></p>","categoryIds":"414B807CC6474FD28E9AF80BC899AE58"},{"label":"Aims","description":"LV= Executive Income Protection pays you a regular amount if an illness or injury stopped your employee (the person insured) from performing the main tasks of their normal job with you.","categoryIds":"414B807CC6474FD28E9AF80BC899AE58"},{"label":"Full cover - policy overview","description":"<span>An Executive Income Protection policy is designed to pay you a regular income to help cover the cost of providing sick pay benefits to your employee (the person insured), if they're unable to work because of illness or injury during the term of the policy. If you make a claim, you'll receive an income until the person insured is able to go back to work for you, or the policy ends through reaching the end of its term, or the person insured leaves your employment or their death. If the person insured goes back to work part-time because they aren't fully recovered, then you may continue to receive payments from your policy, but at a lower level. There's no limit on the number of claims you can make on your policy, and you can make more than one claim for the same illness should the person insured suffer a relapse during the policy term.</span>","categoryIds":"F7106A72AD9C45CFB297B9ACE9478BD9"},{"label":"Full cover - maximum cover","description":"<p>The maximum amount that the LV= Executive Income Protection policy will cover is 80% of the person insured&rsquo;s current annual earned income before tax. This doesn't include any income from savings or investments. When you make a claim the payments from any other income protection or accident and sickness policies the person insured may have in place will be taken into account. This may reduce the total monthly payment you receive from your LV= Executive Income Protection policy when you make a claim. However, LV= will not make any deductions for state benefits your employee may be receiving.</p>\n<p><span>Based on the person insured&rsquo;s current annual earned income before tax of &pound;xxxx the maximum amount that your Executive Income Protection policy can cover is &pound;xxxx a year, (&pound;xxxx a month). The amount of cover of &pound;xxxx a month until they reach the age of xxx, to coincide with when the person insured plans to retire.</span></p>\n<p>* delete as appropriate</p>","categoryIds":"F7106A72AD9C45CFB297B9ACE9478BD9"},{"label":"Budget cover - policy overview","description":"<p><span>The LV= Executive Budget Income Protection policy is designed to pay you a regular income for up to 12 or 24* months to help cover the cost of providing sickness benefits to your employee (the person insured) if they're unable to work because of illness or injury, during the term of the policy. If you make a claim, you'll receive an income until the person insured is able to go back to work for you, or until the policy ends, or the person insured leaves your employment, for a period of 12 or 24* months (whichever is shorter) or their death. There's no limit on the number of claims you can make, and you can make more than one claim for the same illness should the person insured suffer a relapse during the policy term. However, payments will only be made for a maximum of 12 or 24* months for each claim.</span></p>\n<p>If the person insured goes back to work part time because they're not fully recovered, then you may continue to receive payments from your Executive Budget Income Protection policy, but at a lower level for the rest of the 12 or 24* month payment period.&nbsp;</p>\n<p>* delete as appropriate</p>","categoryIds":"F7106A72AD9C45CFB297B9ACE9478BD9"},{"label":"Budget cover - maximum cover","description":"<p>The maximum amount that the LV= Executive Budget Income Protection policy will cover is 80% of the person insured&rsquo;s current annual earned income before tax. This doesn't include any income from savings or investments. When you make a claim the payments from any other income protection or accident and sickness policies the person insured may have in place will be taken into account. This may reduce the total monthly payment you receive from your LV= Executive Budget Income Protection policy when you make a claim. However, LV= will not make any deductions for state benefits your employee may be receiving.</p>\n<p><span>Based on the person insured&rsquo;s current annual earned income before tax of &pound;xxxx the maximum amount that your Executive Budget Income Protection policy can cover is &pound;xxxx a year, (&pound;xxxx a month). The amount of cover of &pound;xxxx a month until they reach the age of xxx, to coincide with when you plan to retire.</span></p>","categoryIds":"F7106A72AD9C45CFB297B9ACE9478BD9"},{"label":"Employer’s National Insurance Contribution Cover *","description":"Your company will need to continue to pay employer&rsquo;s National Insurance Contributions (NICs) based on the amount of cover paid to the employee via Pay as You Earn (PAYE) as salary. The additional amount of cover of &pound;xxxx a year, (&pound;xxxx a month) will therefor help cover this cost to your business.","categoryIds":"F7106A72AD9C45CFB297B9ACE9478BD9"},{"label":"Employer’s Pension Contribution Cover *","description":"<p>You have told me that you currently pay (&pound;xxx or xx% or their salary)* into an approved company pension scheme on behalf on your employee. You have told me that you would like to continue to make this contribution while your employee is unable to work due to accident or sickness. Therefore the additional amount of cover of &pound;xxxx a year, (&pound;xxxx a month) will help cover the cost.</p>\n<p>* delete as appropriate</p>","categoryIds":"F7106A72AD9C45CFB297B9ACE9478BD9"},{"label":"Waiting period: overview, quantification and recommendation","description":"<p><span>You can choose how long you wait for the benefit payments to start after the person insured stops being able to work for you, and you&rsquo;ve made a valid claim. This is called the 'waiting period'. The length of the waiting period you&rsquo;ve chosen is shown in the personal illustration that I've included with this letter.</span></p>\n<p>You've told me that you are able to fund the cost of sick pay benefits for the person insured for xxx months. If you choose a waiting period of xxxx months, you'll start to receive the benefit after the funds you have set aside are no longer sufficient.</p>","categoryIds":"F7106A72AD9C45CFB297B9ACE9478BD9"},{"label":"Policy Overview - level","description":"<span>This means that the amount of cover will stay the same throughout the term of your policy. As the amount of cover is fixed, it's important to understand that if the person insured&rsquo;s earnings change or the cost of providing sick pay benefits changes over time, the amount of cover in your policy may not be sufficient to cover all the costs required to provide the correct amount of sick pay to your employee. Therefore, it&rsquo;s important to regularly review the type of cover in order for it to fit your needs.</span>","categoryIds":"F7106A72AD9C45CFB297B9ACE9478BD9"},{"label":"Policy overview – increasing","description":"<p>Inflation linked cover means that your total amount of cover will go up each year in line with inflation, and the amount you pay (your premium) will go up by inflation multiplied by 1.5.</p>\n<p>Inflation is measured by the Retail Prices Index (RPI). In the event of a claim, the amount of cover will continue to increase in line with RPI while your claim is being paid, up to a maximum of 12% a year. There is a total maximum amount of cover that can be offered; therefore further inflation linked increases will not be applied once these maximums are reached. Choosing inflation linked cover will help reduce the impact of inflation on the real value of the monthly benefit payable.</p>","categoryIds":"F7106A72AD9C45CFB297B9ACE9478BD9"},{"label":"Types of cover: Waiver of premium","description":"<p><span>Waiver of Premium removes the need for you to continue paying your premiums if your employee is unable to work or prepare a meal or do basic housework* because of illness or injury while you're insured.</span></p>\n<p>* delete as appropriate</p>","categoryIds":"F7106A72AD9C45CFB297B9ACE9478BD9"},{"label":"Premium basis: Guaranteed - level cover","description":"<span>The premiums for the policy are guaranteed, which means they won't increase. So you'll know exactly how much you'll be paying each month for your cover throughout the whole term of your policy.</span>","categoryIds":"B022D56B134F4655A26F1F2B3CD94820"},{"label":"Premium basis: Guaranteed - inflation-linked cover","description":"<span>The premiums for the policy are guaranteed, which means that they won't increase (except for inflation linked increases). As I've recommended inflation linked cover, your amount of cover will increase by inflation and your premiums will increase in line with inflation multiplied by 1.5.</span>","categoryIds":"B022D56B134F4655A26F1F2B3CD94820"},{"label":"Own occupation cover","description":"<p>Based on the person insured&rsquo;s occupation they'll be covered under 'own occupation' cover.</p>\n<p>This means the policy will pay out to you, after your waiting period if, because of illness or injury, the person insured (your employee) is unable to do their usual occupation with you. The person insured wouldn't be expected to go back to work in a different occupation, so while they're still unable to carry out the main duties of their usual occupation, and they aren't doing any other paid or unpaid work for you or any other employer.&nbsp;</p>","categoryIds":"04F50DF8177143A3BAE6E78D843CEDA9"},{"label":"Looking ahead: Guaranteed increase options (GIOs)","description":"<p>LV= Executive Income Protection offers a range of options which mean you can change your plan in the future, without having to answer further health and lifestyle questions depending on your circumstances. Guaranteed increase options include:</p>\n<p>An increase in the person insured&rsquo;s basic salary</p>\n<p>A change in the legislation governing employer&rsquo;s National Insurance contributions</p>\n<p>A change in legislation governing pension contributions</p>","categoryIds":"04F50DF8177143A3BAE6E78D843CEDA9"},{"label":"Career break","description":"If the person insured takes an authorised career break from your employment, with the permission of you as the employer, you can suspend payment of your premiums for up to 12 months. During this period the cover is also suspended which means you won&rsquo;t be able to make a claim during this period. Following the person insured&rsquo;s career break you can restart your premiums and cover will be reinstated, with no need to provide further medical information about the person insured.","categoryIds":"AF66EDDDF8984BB4A4B7D64FAA57E1D3"},{"label":"Continuation option","description":"If the person insured leaves your employment and is moving to a new employer who is eligible to take out this type of policy, then the new employer is able to take over the policy. This option will only be available if you as the policy owner agree to the transfer of ownership, and the policy is transferred to the new employer within 90 days of the person insured leaving your employment.","categoryIds":"AF66EDDDF8984BB4A4B7D64FAA57E1D3"},{"label":"Planning a family","description":"<span>If your employee goes on parental leave and becomes ill they&rsquo;ll continue to be covered under LV&rsquo;s own occupation definition from the date their statutory parental leave starts - for a period of up to 12 months.</span>","categoryIds":"AF66EDDDF8984BB4A4B7D64FAA57E1D3"},{"label":"Standard warnings protection products","description":"<p>[This policy / These policies] provide[s] protection only and [has/have] no cash in value at any time.</p>\n<p>If you don't pay your premiums, your cover will stop.</p>\n<p>If the person insured leaves your employment, the policy will no longer provide cover and should be cancelled. Alternatively, it may be possible to transfer the policy to a new employer under the continuation option included in your policy.</p>","categoryIds":"AF66EDDDF8984BB4A4B7D64FAA57E1D3"},{"label":"Taxation of benefits: generic","description":"<span>When a claim is paid&nbsp; to your company this payment is usually treated as a trading receipt for corporation tax purposes. When this payment is passed on to the person insured (your employee) through PAYE it is treated as a trading expense, and therefore normally results in a neutral tax position. It is important that the proceeds are paid to your employee in the same way as you would pay their salary.</span>","categoryIds":"C21BEDB5D2D840C2B8995C0A79163A9A"},{"label":"Taxation of premiums","description":"<p><span>When a claim is paid to your company this payment is usually treated as a trading receipt for corporation tax purposes. When this payment is passed on to the person insured(your employee), through PAYE it is treated as a trading expense, and therefore normally results in a neutral tax position. It is important that the proceeds are paid to your employee in the same way as you would pay their salary.</span></p>\n<p>The policy premiums you pay will normally be tax deductible for your business and are not usually classed as a benefit in kind (P11D) for your employee.</p>\n<p>Remember that tax on your premiums or on the amount of cover paid out could change in the future.</p>\n<p>The recommendations I've made are based on my understanding of current legislation and HM Revenue and Customs practice, which can change.</p>","categoryIds":"C21BEDB5D2D840C2B8995C0A79163A9A"},{"label":"Documents and Conclusion","description":"<p>Documents enclosed</p>\n<p>Please find enclosed the following:</p>\n<p>Two copies of a personalised quotation from LV=. If you would like to accept my recommendation, please sign, date and return one copy to me. The other copy is for your records. This quotation is only guaranteed until XXXXXX. Please return your paperwork to me as quickly as possible to help make sure your policy is set up within this timeframe.</p>\n<p>XX application form. I have completed this as far as I am able. Please complete the sections highlighted before signing and returning the application form.*</p>\n<p>XX key features or policy summary* document &ndash; this is for you to keep.</p>\n<p>Any other forms...</p>\n<p>Money laundering ID requirements...</p>\n<p>Pre-paid envelope...</p>","categoryIds":"07A6FCF7930549BAAA81E1D8344CDEF4"},{"label":"Product features","description":"<div>The LV= Pension Portfolio is a self-invested personal pension providing a flexible and tax-efficient way to save for retirement. It can accept new contributions and transfers, offers access to a broad fund range, and supports a choice of retirement income options.</div>\n<p>&nbsp;</p>\n<p>Key features:</p>\n<ul>\n    <li>Tax relief on contributions at your marginal rate.*</li>\n    <li>Access to thousands of funds, including LV= Smoothed Managed Funds, managed in partnership with BlackRock.</li>\n    <li>Retirement flexibility &ndash; drawdown, annuity purchase or lump sums.</li>\n    <li>Consolidation of existing pensions for easier management.</li>\n</ul>\n<p>&nbsp;</p>\n<p>*Tax treatment depends on your individual circumstances and may be subject to change in future.</p>","categoryIds":"A7974064775740C8B958C2128D103CCD"},{"label":"Member benefits ","description":"<p>If within your LV= Pension Portfolio you have invested in a LV= Smoothed Managed Funds Pension, this product is eligible for LV= membership benefits, giving you access to a range of member services. An investment in LV= Smoothed Managed Funds will also be eligible for a potential mutual bonus, once the product has been held for 12 months.</p>\n<p>&nbsp;</p>\n<p>The LV= mutual bonus isn&rsquo;t guaranteed, and the amount can vary. Each year, the LV= Board decides if a mutual bonus can be awarded. The decision is guided by the Board's overriding responsibility to balance the need to deliver for our members both today and in the future, against LV&rsquo;s investment needs and the projected financial strength of the fund. Any past mutual bonuses could be reduced or removed, though could be reinstated at a later date.</p>\n<p>&nbsp;</p>\n<p>Visit:&nbsp;<a rel=\"noopener noreferrer\" href=\"https://www.lv.com/members\" target=\"_blank\" title=\"Membership page\">https://www.lv.com/members</a>&nbsp;to find out more.</p>","categoryIds":"5FC20CD813344A08BAD9E3659D7BCA1D"},{"label":"","description":"","categoryIds":"B8371D1A291E4ED28D661AE615D3F4C5"},{"label":"Product features ","description":"<div>The LV= Smoothed Managed Funds are designed to deliver steady long-term growth by reducing the impact of short-term market fluctuations. They are available across LV=&rsquo;s ISA, SIPP, Bond and TIP.</div>\n<div>&nbsp;</div>\n<div>Key features:<br />\n&bull;<span> </span>Daily smoothing mechanism to reduce volatility.*<br />\n&bull;<span> </span>Diversified multi-asset approach.<br />\n&bull;<span> </span>Choice of risk levels to suit different objectives.<br />\n&bull;<span> </span>Designed for medium to long-term investing.<br />\n&bull;<span> </span>Managed in partnership with BlackRock.<br />\n<br />\n*Smoothing helps reduce the impact of short-term market volatility, but your investment can still fall, especially in a prolonged downturn, which means you may get back less than you paid in. In rare and exceptional cases of extreme market volatility, we may need to pause smoothing. This means your smoothed managed funds would rise and fall in line with daily stock market fluctuations until smoothing is reintroduced.<br />\n<div>&nbsp;</div>\n</div>","categoryIds":"B8371D1A291E4ED28D661AE615D3F4C5"},{"label":"Member benefits ","description":"Products that invest in LV= Smoothed Managed Funds are&nbsp; eligible for LV= membership benefits, giving you access to a range of member services and the potential to share in LV=&rsquo;s success through a mutual bonus once you have held it for 12 months.<br />\n<br />\nThe LV= mutual bonus isn&rsquo;t guaranteed, and the amount can vary. Each year, the LV= Board decides if a mutual bonus can be awarded. The decision is guided by the Board's overriding responsibility to balance the need to deliver for our members both today and in the future, against LV&rsquo;s investment needs and the projected financial strength of the fund. Any past mutual bonuses could be reduced or removed, though could be reinstated at a later date.<br />\n<div>&nbsp;</div>\n<br />\nVisit: <a rel=\"noopener noreferrer\" href=\"https://www.lv.com/members\" target=\"_blank\" title=\"Membership page\">Membership matters | LV= Liverpool Victoria</a> to find out more.&nbsp;","categoryIds":"5855C97AA69946DABC45D380B1335482"},{"label":"Product features","description":"<p>The LV= Junior ISA Portfolio is a tax-efficient way to save and invest for the medium to long term for a child under age 18. It allows you to make use of their annual ISA allowance, with investments growing free of UK income and capital gains tax. Through the LV= Platform you have access to a wide choice of funds and portfolios that can be tailored to their needs.</p>\n<p>&nbsp;</p>\n<p>Key features:</p>\n<ul>\n    <li>Tax-efficient wrapper with no UK tax on growth.</li>\n    <li>Wide investment choice including LV= Smoothed Managed Funds, managed in partnership with BlackRock.</li>\n    <li><span>R</span>e-registration of assets &ndash; if the child holds assets in another junior Stocks &amp; Shares ISA that are also in our Junior ISA Portfolio, those assets can be re-registered when you transfer.</li>\n    <li>Ability to switch investments as circumstances change.</li>\n</ul>","categoryIds":"68DD5190CDB7439487B2C2DB0DCCF7E6"},{"label":"Member benefits ","description":"<p>If, within your child&rsquo;s Junior ISA Portfolio you have invested in a LV= Smoothed Managed Funds ISA, this product is eligible for LV= membership benefits as the [parent/legal guardian] investing on behalf of the child, giving you access to a range of member services and the potential to share in LV&rsquo;s success through a mutual bonus once you have held it for 12 months.&nbsp;</p>\n<p>&nbsp;</p>\n<p>The LV= mutual bonus isn&rsquo;t guaranteed, and the amount can vary. Each year, the LV= Board decides if a mutual bonus can be awarded. The decision is guided by the Board's overriding responsibility to balance the need to deliver for our members both today and in the future, against LV&rsquo;s investment needs and the projected financial strength of the fund. Any past mutual bonuses could be reduced or removed, though could be reinstated at a later date.</p>\n<p>&nbsp;</p>\n<p>Visit:&nbsp;<a rel=\"noopener noreferrer\" href=\"https://www.lv.com/members\" target=\"_blank\" title=\"Membership page\">https://www.lv.com/members</a>&nbsp;to find out more.</p>","categoryIds":"E33D9EAF7F1741C0B774DA482EB3223F"},{"label":"Product features","description":"<p>The LV= GIA is a flexible investment account that allows you to invest without the limits of an ISA or pension. It gives access to the same investment choice as the LV= ISA and Pension Portfolio, excluding LV= Smoothed Managed Funds, making it a useful option once tax allowances are used.</p>\n<p>&nbsp;</p>\n<p>Key features:</p>\n<ul style=\"margin-left: 20px;\">\n    <li>No annual contribution limits.</li>\n    <li>Access to a broad fund range and model portfolios.</li>\n    <li>Investments held in one place with switching flexibility.</li>\n    <li>Can complement ISA and pension for overall tax efficiency.*</li>\n</ul>\n<p>&nbsp;</p>\n<p>*Tax treatment depends on your individual circumstances and may be subject to change in future.</p>","categoryIds":"BE791B47F193475799D3D791CEF67B51"},{"label":"Member benefits ","description":"<p>If, within your ISA Portfolio you have invested in a LV= Smoothed Managed Funds ISA, this product is eligible for LV= membership benefits, giving you access to a range of member services and the potential to share in LV=&rsquo;s success through a mutual bonus once you have held it for 12 months.</p>\n<p>The LV= mutual bonus isn&rsquo;t guaranteed, and the amount can vary. Each year, the LV= Board decides if a mutual bonus can be awarded. The decision is guided by the Board's overriding responsibility to balance the need to deliver for our members both today and in the future, against LV&rsquo;s investment needs and the projected financial strength of the fund. Any past mutual bonuses could be reduced or removed, though could be reinstated at a later date.<br />\n<br />\nVisit: <a rel=\"noopener noreferrer\" href=\"https://www.lv.com/members\" target=\"_blank\" title=\"Membership page\">Membership matters | LV= Liverpool Victoria</a> to find out more.&nbsp;</p>","categoryIds":"278044877132484CB4AD1E55C27B69CA"},{"label":"Product features","description":"<p>The LV= Smoothed Managed Funds are designed to deliver steady long-term growth by reducing the impact of short-term market fluctuations. They are available across LV=&rsquo;s ISA, SIPP, Bond and TIP.</p>\n<p>&nbsp;</p>\n<p>Key features:</p>\n<ul>\n    <li>Daily smoothing mechanism to reduce volatility.*</li>\n    <li>Diversified multi-asset approach.</li>\n    <li>Choice of risk levels to suit different objectives.</li>\n    <li>Designed for medium to long-term investing.</li>\n    <li>Managed in partnership with BlackRock.<br />\n    <br />\n    </li>\n</ul>\n<div>*Smoothing helps reduce the impact of short-term market volatility, but your investment can still fall, especially in a prolonged downturn, which means you may get back less than you paid in. In rare and exceptional cases of extreme market volatility, we may need to pause smoothing. This means your smoothed managed funds would rise and fall in line with daily stock market fluctuations until smoothing is reintroduced.</div>","categoryIds":"1594D3C1BDA84550B8C539BC360BF8C9"},{"label":"Member benefits ","description":"Products that invest in LV= Smoothed Managed Funds are&nbsp; eligible for LV= membership benefits, giving you access to a range of member services and the potential to share in LV&rsquo;s success through a mutual bonus once you have held it for 12 months.<br />\n<br />\nThe LV= mutual bonus isn&rsquo;t guaranteed, and the amount can vary. Each year, the LV= Board decides if a mutual bonus can be awarded. The decision is guided by the Board's overriding responsibility to balance the need to deliver for our members both today and in the future, against LV&rsquo;s investment needs and the projected financial strength of the fund. Any past mutual bonuses could be reduced or removed, though could be reinstated at a later date<br />\n<div>&nbsp;</div>\nVisit: <a rel=\"noopener noreferrer\" href=\"https://www.lv.com/members\" target=\"_blank\" title=\"Membership page\">https://www.lv.com/members</a> to find out more.&nbsp;","categoryIds":"6D7C10A8071C49088FC659E472F51274"},{"label":"LV= (Liverpool Victoria) is a UK mutual financial services provider","description":"<p>LV= (Liverpool Victoria) is a UK mutual financial services provider, established in 1843. The company offers a wide range of protection, investment and retirement solutions designed to help people plan for their financial future with confidence. As a mutual organisation, LV= is owned by its members rather than shareholders, which means its focus is on delivering long-term value and reinvesting profits to support members&rsquo; interests. With a long heritage of trust and expertise, LV= works with financial advisers to provide products and services that meet clients&rsquo; evolving needs. Their investment range combines quality, transparency and flexibility, supported by a strong commitment to customer service.</p>\n<p>To find out more, please visit <a rel=\"noopener noreferrer\" href=\"www.lv.com/invest\" target=\"_blank\" title=\"Invest page \">www.lv.com/invest</a></p>","categoryIds":"47BDF3D76A89465695257744646676B7"},{"label":"Product features","description":"<div>The LV= Fixed Term Investment Plan allows pension savings to remain invested for a set period while delaying longer-term income decisions. At the end of the chosen term, you can decide how best to use your pension fund.</div>\n<p>&nbsp;</p>\n<div>It also offers a tax-efficient way for pension trustees to invest to invest pension assets, for a specified pension scheme member, making it a flexible option for workplace and small self-administered pension schemes (SSAS&rsquo;s).&nbsp;</div>\n<p>&nbsp;</p>\n<div>Key features:</div>\n<ul>\n    <li>Investment for a fixed term of your choice.</li>\n    <li>Flexibility at maturity &ndash; annuity, drawdown, cash or reinvest.</li>\n    <li>Growth potential depending on chosen funds.</li>\n    <li>Removes short-term investment risk.</li>\n</ul>","categoryIds":"CA73F9DE09914BF382F32A54F62BA6AB"},{"label":"Member benefits ","description":"<p>If, within your ISA Portfolio you have invested in a LV= Smoothed Managed Funds ISA, this product is eligible for LV= membership benefits, giving you access to a range of member services and the potential to share in LV=&rsquo;s success through a mutual bonus once you have held it for 12 months.&nbsp;&nbsp;</p>\n<p>The LV= mutual bonus isn&rsquo;t guaranteed, and the amount can vary. Each year, the LV= Board decides if a mutual bonus can be awarded. The decision is guided by the Board's overriding responsibility to balance the need to deliver for our members both today and in the future, against LV&rsquo;s investment needs and the projected financial strength of the fund. Any past mutual bonuses could be reduced or removed, though could be reinstated at a later date.</p>\n<p>Visit: <a rel=\"noopener noreferrer\" href=\"https://www.lv.com/members\" target=\"_blank\" title=\"Membership page\">https://www.lv.com/members</a> to find out more.&nbsp;</p>","categoryIds":"5E74D50378174C05ADA8698E8611E583"},{"label":"Product features","description":"<p>The LV= Fixed Term Annuity converts pension savings into a guaranteed income for a chosen period. It provides security and predictability while leaving options open at the end of the term.</p>\n<p>&nbsp;</p>\n<p>Key features:</p>\n<ul>\n    <li>Guaranteed income for a fixed number of years.</li>\n    <li>Options at maturity &ndash; lifetime annuity, drawdown or reinvestment.</li>\n    <li>Available with value protection or plan protection if required.</li>\n    <li>Helps bridge the gap before making long-term retirement choices.</li>\n</ul>","categoryIds":"B9BCECFF305745A08493A7A91DBC1242"},{"label":"Member benefits ","description":"<p>This product is eligible for LV= membership benefits, giving you access to a range of member services and the potential to share in LV&rsquo;s success through a mutual bonus once you have held it for 12 months.</p>\n<p>The LV= mutual bonus isn&rsquo;t guaranteed, and the amount can vary. Each year, the LV= Board decides if a mutual bonus can be awarded. The decision is guided by the Board's overriding responsibility to balance the need to deliver for our members both today and in the future, against LV&rsquo;s investment needs and the projected financial strength of the fund. Any past mutual bonuses could be reduced or removed, though could be reinstated at a later date.</p>\n<div>&nbsp;</div>\nVisit: <a rel=\"noopener noreferrer\" href=\"https://www.lv.com/members\" target=\"_blank\" title=\"Membership page\">https://www.lv.com/members</a> to find out more.","categoryIds":"2AA6865E0C5C407CA88C1BC1600E16DA"},{"label":"Product features","description":"<p>The LV= Smoothed Managed Bond offers access to the Smoothed Managed Funds within a life insurance bond wrapper. It is designed for investors seeking potential growth with reduced volatility.</p>\n<p>&nbsp;</p>\n<p>Key features:</p>\n<ul>\n    <li>Access to LV= Smoothed Managed Funds, managed in partnership with BlackRock.</li>\n    <li>Tax-deferred growth with chargeable event rules on withdrawal.*</li>\n    <li>Estate planning advantages such as assignment and trust options.</li>\n    <li>Suitable for medium to long-term investment.</li>\n</ul>\n<p>\n<br />\n*Tax treatment depends on your individual circumstances and may be subject to change in future.</p>","categoryIds":"2F6EC267720544749CF557CE884BC090"},{"label":"Member benefits ","description":"This product is eligible for LV= membership benefits, giving you access to a range of member services and the potential to share in LV&rsquo;s success through a mutual bonus once you have held it for 12 months.<br />\n<br />\nThe LV= mutual bonus isn&rsquo;t guaranteed, and the amount can vary. Each year, the LV= Board decides if a mutual bonus can be awarded. The decision is guided by the Board's overriding responsibility to balance the need to deliver for our members both today and in the future, against LV&rsquo;s investment needs and the projected financial strength of the fund. Any past mutual bonuses could be reduced or removed, though could be reinstated at a later date.<br />\n<br />\nVisit: <a rel=\"noopener noreferrer\" href=\"https://www.lv.com/members\" target=\"_blank\" title=\"Membership page\">https://www.lv.com/members</a> to find out more.&nbsp;","categoryIds":"AC84C1D5926045B9971E8DA1D968E22E"},{"label":"Product features","description":"<p>The LV= TIP provides a tax-efficient way for pension trustees to invest scheme assets. It offers access to the LV= Smoothed Managed Funds, making it a flexible option for workplace and small self-administered pension schemes (SSAS&rsquo;s).</p>\n<p>&nbsp;</p>\n<p>Key features:</p>\n<ul>\n    <li>Designed for trustees of UK registered pension schemes, set up on behalf of a named &lsquo;designated member&rsquo; of their scheme.</li>\n    <li>Access to Smoothed Managed Funds, managed in partnership with BlackRock.</li>\n    <li>Tax-efficient structure for pension monies.*</li>\n    <li>Flexibility to review and switch funds when needed.<br />\n    <br />\n    </li>\n</ul>\n<p>\n*Tax treatment depends on your individual circumstances and may be subject to change in future.</p>","categoryIds":"3A08B89E22BE416B9DDFD4BDE9A8901C"},{"label":"Member benefits ","description":"This product is eligible for LV= membership benefits, giving you access to a range of member services and the potential to share in LV&rsquo;s success through a mutual bonus, once you have held it for 12 months.<br />\n<br />\nThe LV= mutual bonus isn&rsquo;t guaranteed, and the amount can vary. Each year, the LV= Board decides if a mutual bonus can be awarded. The decision is guided by the Board's overriding responsibility to balance the need to deliver for our members both today and in the future, against LV&rsquo;s investment needs and the projected financial strength of the fund. Any past mutual bonuses could be reduced or removed, though could be reinstated at a later date.<br />\n<br />\nVisit: <a rel=\"noopener noreferrer\" href=\"https://www.lv.com/members\" target=\"_blank\" title=\"Membership page\">https://www.lv.com/members</a> to find out more.&nbsp;","categoryIds":"9893A610D5824A6187FEAF4C70021BA8"},{"label":"Product features","description":"<p>The LV= SIPP is a self-invested personal pension providing a flexible and tax-efficient way to save for retirement. It can accept new contributions and transfers, offers access to a broad fund range, and supports a choice of retirement income options.</p>\n<p>&nbsp;</p>\n<p>Key features:</p>\n<ul>\n    <li>Tax relief on contributions at your marginal rate.*</li>\n    <li>Access to thousands of funds, including LV= Smoothed Managed Funds, managed in partnership with BlackRock.</li>\n    <li>Retirement flexibility &ndash; drawdown, annuity purchase or lump sums.</li>\n    <li>Consolidation of existing pensions for easier management.<br />\n    <br />\n    </li>\n</ul>\n<p>\n*Tax treatment depends on your individual circumstances and may be subject to change in future.</p>","categoryIds":"C94C2977D82C4BC0B9732C8EBF64FFDF"},{"label":"Member benefits ","description":"This product is eligible for LV= membership benefits, giving you access to a range of member services. When combined with investment in LV= Smoothed Managed Funds or Fixed term Annuity you will also be eligible for a potential mutual bonus, once the product has been held for 12 months.<br />\n<br />\nThe LV= mutual bonus isn&rsquo;t guaranteed, and the amount can vary. Each year, the LV= Board decides if a mutual bonus can be awarded. The decision is guided by the Board's overriding responsibility to balance the need to deliver for our members both today and in the future, against LV&rsquo;s investment needs and the projected financial strength of the fund. Any past mutual bonuses could be reduced or removed, though could be reinstated at a later date.<br />\n<br />\nVisit: <a rel=\"noopener noreferrer\" href=\"https://www.lv.com/members\" target=\"_blank\" title=\"Membership page\">https://www.lv.com/members</a> to find out more.","categoryIds":"33D41FF09DAB45388F522125B91CB9B9"},{"label":"Product features","description":"<p>The LV= ISA offers the right balance of risk and reward. By delivering a smoother investment journey, the LV= ISA helps to reduce the impact of short-term volatility on your investments. This product is ideally suited to risk sensitive investors.&nbsp;</p>\n<p>&nbsp;</p>\n<p>Key features:</p>\n<ul>\n    <li>Tax-efficient wrapper with no UK tax on growth.*</li>\n    <li>Wide investment choice including LV= Smoothed Managed Funds, managed in partnership with BlackRock.</li>\n    <li>Regular contributions, transfers and withdrawals.</li>\n    <li>Ability to switch investments as circumstances change.</li>\n    <li>Capital preservation. Lock-in fund value with the optional 10-year capital guarantee.&nbsp;<br />\n    <br />\n    </li>\n</ul>\n<p>\n*Tax treatment depends on your individual circumstances and may be subject to change in future.</p>","categoryIds":"86A8B03A0E5A464EAC80F91A776B712E"},{"label":"Member benefits ","description":"This product is eligible for LV= membership benefits, giving you access to a range of member services and the potential to share in LV&rsquo;s success through a mutual bonus once you have held it for 12 months.<br />\n<br />\nThe LV= mutual bonus isn&rsquo;t guaranteed, and the amount can vary. Each year, the LV= Board decides if a mutual bonus can be awarded. The decision is guided by the Board's overriding responsibility to balance the need to deliver for our members both today and in the future, against LV&rsquo;s investment needs and the projected financial strength of the fund. Any past mutual bonuses could be reduced or removed, though could be reinstated at a later date.<br />\n<div>&nbsp;</div>\nVisit: <a rel=\"noopener noreferrer\" href=\"https://www.lv.com/members\" target=\"_blank\" title=\"Membership page\">https://www.lv.com/members</a> to find out more.&nbsp;","categoryIds":"F2F7C9BDFB5B49C2861A30E1B7B563A9"},{"label":"","description":"<p>The LV= ISA Portfolio is a tax-efficient way to save and invest for the medium to long term. It allows you to make use of your annual ISA allowance, with investments growing free of UK income and capital gains tax. Through the LV= platform you have access to a wide choice of funds and portfolios that can be tailored to your needs.</p>\n<p>Key features:<br />\n&bull;<span> </span>Tax-efficient wrapper with no UK tax on growth.*<br />\n&bull;<span> </span>Wide investment choice including LV= Smoothed Managed Funds, managed in partnership with BlackRock.<br />\n&bull;<span> </span>Flexible contributions, transfers and withdrawals.<br />\n&bull;<span> </span>Ability to switch investments as circumstances change.<br />\n<br />\n*Tax treatment depends on your individual circumstances and may be subject to change in future.</p>\n<div>&nbsp;</div>","categoryIds":"0D4C936EC871401B8830510303055470"},{"label":"Member benefits ","description":"If, within your ISA Portfolio you have invested in a LV= Smoothed Managed Funds ISA, this product is eligible for LV= membership benefits, giving you access to a range of member services and the potential to share in LV=&rsquo;s success through a mutual bonus once you have held it for 12 months.&nbsp;&nbsp;<br />\n<br />\nThe LV= mutual bonus isn&rsquo;t guaranteed, and the amount can vary. Each year, the LV= Board decides if a mutual bonus can be awarded. The decision is guided by the Board's overriding responsibility to balance the need to deliver for our members both today and in the future, against LV&rsquo;s investment needs and the projected financial strength of the fund. Any past mutual bonuses could be reduced or removed, though could be reinstated at a later date.<br />\n<br />\nVisit: <a rel=\"noopener noreferrer\" href=\"https://www.lv.com/members\" target=\"_blank\" title=\"Membership page\">Membership matters | LV= Liverpool Victoria</a> to find out more.&nbsp;<br />\n<div>&nbsp;</div>","categoryIds":"29826EBA75444AB794834787F4870F46"},{"label":"Mutuality","description":"Liverpool Victoria Financial Services Limited does not have any shareholders and, as a mutual organisation, exists wholly for the benefit of its members. Together with its subsidiary companies, Liverpool Victoria Financial Services Limited is an insurance and financial services business in the United Kingdom.","categoryIds":"DC5E0E253CA4495683E97CF5D59532F6"},{"label":"Member Dicsounts","description":"All members of Liverpool Victoria Financial Services qualify for discounts of up to 10% (on regular non-member rates) on a range of their general insurance products including car and home insurance provided by LV= General Insurance Group, a subsidiary of Allianz Holdings plc.","categoryIds":"DC5E0E253CA4495683E97CF5D59532F6"},{"label":"Value Added Services","description":"<p>As a member who holds a protection policy, you also have access to the Legal Advice Line. The Legal Advice Line is run by a team of legal advisers who can talk to you about your rights and how to deal with various legal situations. You can get advice on a number of areas including general law, property related issues, wills and probate and family law. This service is not regulated by the Financial Conduct Authority or the Prudential Regulation Authority.</p>\n<p>LV= Doctor Services is automatically included with your policy and gives you and your partner or spouse access to six expert medical services in one app or by phone. This includes a 24/7 Remote GP service with unlimited consultations. LV= Doctor Services is a confidential service powered by Square Health and medical data will not be shared with LV=. This service is a non-contractual benefit and can be changed or removed at any time.</p>\n<p>LV= Doctor Services and the Legal Advice Line are provided by third party companies. These services are not regulated by the Financial Conduct Authority or the Prudential Regulation Authority.</p>","categoryIds":"DC5E0E253CA4495683E97CF5D59532F6"},{"label":"Voting","description":"<span>As a member, you will be entitled to attend the company&rsquo;s formal meetings and vote on company matters when you have held your membership-conferring product for a continuous period of twelve months. Full membership terms and conditions are available on request.</span>","categoryIds":"DC5E0E253CA4495683E97CF5D59532F6"},{"label":"Introduction","description":"<p>Family Income Benefit is a life protection policy which pays a monthly benefit until the end of the policy term, if the person insured dies or is diagnosed with a terminal illness during the policy term. <span>However, in the event of a claim, your beneficiaries can choose to have the payment paid as a reduced one-off lump sum instead.</span></p>\n<p>A Family Income Benefit policy with an amount of cover of [&pound;xxxx] each year over a term of [xxxx] years.</p>\n<p><span>This policy includes terminal illness cover. This means that if [you're/ one of you is / the person insured is/ one of the people insured is] diagnosed with a terminal illness (a rapidly progressing and incurable illness where you're not expected to live for more than 12 months) during the term of the policy , you can make a claim. This is usually paid monthly in instalments and will continue until the last payment due before the end date of the policy. There is also the option to receive the claim payment in a reduced single lump sum instead of monthly instalments, this is explained more in your policy conditions&nbsp;</span></p>\n<p>The policy won't pay out twice, so once the amount of cover has been paid out for a terminal illness claim the policy ends, it will not pay out again on death.</p>\n<div>&nbsp;</div>","categoryIds":"E9ACF59F9ECF443B8C2B8A2369B2493E"},{"label":"Level cover","description":"<p>Level cover means that your monthly benefit amount of cover paid out for a claim will always be the same throughout the term of the policy.</p>\n<p>It&rsquo;s also important to understand that as the amount of cover is fixed, it will not increase even though the cost of living goes up over time.</p>\n<p>[Your premiums are guaranteed and will not increase, which means that you will know the exact cost of cover throughout the term of the policy.]</p>\n<div>&nbsp;</div>\n<div>&nbsp;</div>","categoryIds":"6AD74813F51A4D5A9355A59FCD471A0E"},{"label":"Inflation-linked cover","description":"<p>Inflation linked cover. This means that your monthly benefit amount of cover will go up each year in line with inflation, and the amount you pay (your premium) will go up by inflation multiplied by 1.5. Inflation is measured by the Retail Prices Index (RPI).</p>\n<p>In the event of a claim, the income will continue to increase in line with RPI whilst in payment, up to a maximum of 12% a year. Choosing inflation linked cover will help reduce the impact of inflation on the real value of the monthly benefit payable.</p>\n<div>&nbsp;</div>","categoryIds":"6AD74813F51A4D5A9355A59FCD471A0E"},{"label":"Premium basis: guaranteed, level cover","description":"The premiums for the policy are guaranteed, which means they won't increase. So, you'll know the exactly how much you'll be paying each month for your cover and throughout the whole term of your policy.","categoryIds":"975D1A507DBD46A6B31ECADC8E5351E7"},{"label":"Premium basis: guaranteed, inflation-linked cover","description":"<span>The premiums for the policy are guaranteed, which means they that won't increase&nbsp; unless the increase is for inflation. Your premiums will only increase if your amount of cover increases. Your cover will increase by inflation (which is measured using the Retail Prices Index, known as RPI) but your premiums will increase by inflation multiplied by 1.5.</span>","categoryIds":"975D1A507DBD46A6B31ECADC8E5351E7"},{"label":"Terminal illness cover","description":"<p>This policy includes terminal illness cover. This means that if [you're / one of you is / the person insured is / one of the people insured is] diagnosed with a terminal illness (a rapidly progressing and incurable illness where you're not expected to live for more than 12 months) during the policy term, you can make a claim. This is usually paid monthly in instalments and will continue until the last payment due before the end date of the policy. There is an option to receive the claim payment in a single lump sum instead of monthly instalments, this is explained more in your policy conditions.</p>\n<p>The policy won't pay out twice, so once the amount of cover has been paid out for a terminal illness claim the policy ends, it will not pay out again on death.</p>","categoryIds":"B1B245826AB242CB95B92657213666A4"},{"label":"Looking ahead – Guaranteed increase options (GIOs)","description":"<p>With this policy you can increase your cover following certain events, such as getting married, having a child, an increase in your rent or mortgage, an increase in your basic salary, or a significant career progression salary increase.</p>\n<p>Your new premiums will be based on your original medical information, which means you can increase or change your cover, without having to apply again. You can find more about the events covered and the limits that apply in your policy conditions. If you want to use one of these options, just let me know.</p>","categoryIds":"B1B245826AB242CB95B92657213666A4"},{"label":"‘Pay my Mortgage’ facility","description":"<span>In the event of a claim, this facility can enable the named beneficiaries of the policy (depending on their individual circumstances at the time of claim) to have all, or some of the monthly income paid directly to the mortgage lender to cover the regular mortgage payment.</span>","categoryIds":"B1B245826AB242CB95B92657213666A4"},{"label":"Important Warnings","description":"<p>This policy provides protection only and has no cash in value at any time.</p>\n<p>If you don't pay your premiums your cover will stop.</p>\n<p>The amount of cover for any policy which pays out if you die may form part of your estate for inheritance tax purposes. Claims won't be paid if the person being insured dies as a result of taking their own life within the first 12 months of the policy (but instead your policy will be cancelled and your premiums refunded).</p>\n<div>&nbsp;</div>","categoryIds":"B1B245826AB242CB95B92657213666A4"},{"label":"Taxation of benefits","description":"<p>Under current legislation the amount of cover paid out from this Family Income Benefit policy is free from UK Income Tax and Capital Gains Tax. However, it may form part of your estate for inheritance tax (IHT) purposes. You won't get tax relief on your premiums.<br />\n<br />\nThe recommendations I&rsquo;ve made are based on my understanding of current legislation and HM Revenue and Customs practice which can change in the future.</p>","categoryIds":"D7A1884C174240BFA9254794F5E91085"},{"label":"Documents enclosed","description":"<p>Please find enclosed the following:</p>\n<p>Two copies of a personalised quotation from XX. If you would like to accept my recommendation, please sign, date and return one copy to me. The other copy is for your records. This quotation is only guaranteed until XXXXXX. Please return your paperwork to me as quickly as possible to help make sure your policy is set up within this timeframe.</p>\n<p>XX application form. I have completed this as far as I am able. Please complete the sections highlighted before signing and returning the application form.*</p>\n<p>XX key features document &ndash; this is for you to keep.</p>\n<p>XX terms and conditions (policy conditions) &ndash; this is for you to keep.</p>\n<p>XX cancellation notice &ndash;&nbsp;<strong>only return this if you do not wish to proceed with this application.</strong></p>\n<p>Original policy documents (where required)...</p>\n<p>Any other forms...</p>\n<p>Money laundering ID requirements...</p>\n<p>Pre-paid envelope...</p>\n<p>Invoice/Instruction to authorise payment of adviser fee</p>","categoryIds":"5230A132A97A4542B924E38772EBFF4D"},{"label":"Mutuality","description":"Liverpool Victoria Financial Services Limited does not have any shareholders and, as a mutual organisation, exists wholly for the benefit of its members. Together with its subsidiary companies, Liverpool Victoria Financial Services Limited is an insurance and financial services business in the United Kingdom.","categoryIds":"D1326A8DB8254F3381FE3AAD8E29DE80"},{"label":"Member Discounts","description":"All members of Liverpool Victoria Financial Services qualify for discounts of up to 10% (on regular non-member rates) on a range of their general insurance products including car and home insurance provided by LV= General Insurance Group, a subsidiary of Allianz Holdings plc.","categoryIds":"D1326A8DB8254F3381FE3AAD8E29DE80"},{"label":"Value Added Services","description":"<p>As a member who holds a protection policy, you also have access to the Legal Advice Line. The Legal Advice Line is run by a team of legal advisers who can talk to you about your rights and how to deal with various legal situations. You can get advice on a number of areas including general law, property related issues, wills and probate and family law. This service is not regulated by the Financial Conduct Authority or the Prudential Regulation Authority.</p>\n<p>LV= Doctor Services is automatically included with your policy and gives you and your partner or spouse access to six expert medical services in one app or by phone. This includes a 24/7 Remote GP service with unlimited consultations. LV= Doctor Services is a confidential service powered by Square Health and medical data will not be shared with LV=. This service is a non-contractual benefit and can be changed or removed at any time.</p>\n<p>LV= Doctor Services and the Legal Advice Line are provided by third party companies. These services are not regulated by the Financial Conduct Authority or the Prudential Regulation Authority.</p>","categoryIds":"D1326A8DB8254F3381FE3AAD8E29DE80"},{"label":"Voting","description":"<span>As a member, you will be entitled to attend the company&rsquo;s formal meetings and vote on company matters when you have held your membership-conferring product for a continuous period of twelve months. Full membership terms and conditions are available on request.</span>","categoryIds":"D1326A8DB8254F3381FE3AAD8E29DE80"},{"label":"Introduction","description":"<p>A life insurance plan that will pay out a cash amount if the person insured dies during the term of the plan.</p>\n<p>This plan is designed to pay the potential inheritance tax (IHT) liability, which could arise if a person has made a gift and dies within seven years.</p>\n<p>The LV= Gift Inter Vivos plan can provide a lump sum to pay the potential inheritance tax (IHT) liability on your gift to [name/ relation/ other] if you die within seven years of making this gift. The plan provides an amount that will decrease in line with taper relief.</p>\n<p>I recommend the LV= Gift Inter Vivos plan: (for adviser to put in own recommendation)</p>\n<p>My recommendation is based on the inheritance tax limits and rates for the tax years up to and including 2027/2028, which may change in the future.</p>","categoryIds":"5D251623F39341C8A555E8D8DEA88E0E"},{"label":"Basis of policy","description":"<p>The term of your Gift Inter Vivos plan will be seven years, as this is when there is a potential inheritance tax (IHT) liability on your potentially exempt transfer (PET). I recommend an initial amount of cover of &pound;[xxxx] in line with the potential liability.</p>\n<p>Once your plan has started, you will not be able to alter the amount of cover. If you make an additional potentially exempt transfer (PET) you will need to take out a new Gift Inter Vivos plan to protect any further potential inheritance tax (IHT) liability.</p>\n<p><span>Based on the inheritance tax limits and rates for the tax years up to and including 2027/2028, which may change in the future.</span></p>","categoryIds":"0736A02C6C1A47ACBB3C6C44F0FDCCBB"},{"label":"Premium basis: guaranteed","description":"The premiums for the policy are guaranteed, which means they won't increase. So, you'll know the exactly how much you'll be paying each month/quarterly/annually for your cover and throughout the whole term of your policy.","categoryIds":"8F48B5C23B20475AB5C9F38DF33AFAF1"},{"label":"Product Features","description":"<span>Your plan is designed to cover the inheritance tax liability due on a gift (or part of a gift) that&rsquo;s over the nil rate inheritance tax band. As these gifts are potentially liable for inheritance tax for seven years, our Gift Inter Vivos plan runs for seven years from the plan&rsquo;s start date.</span>","categoryIds":"FD4ED40CAFB349678F1A418BBC597D94"},{"label":"Guaranteed Premiums","description":"<p>Throughout the term of your plan, your premiums are fixed and won&rsquo;t change.</p>\n<p>The only time the premium may change is if the law changes, if this happens LV= will let you know well ahead of any increase.</p>","categoryIds":"FD4ED40CAFB349678F1A418BBC597D94"},{"label":"Standard Warnings: Protection Products","description":"<p>[This policy / These policies] provide[s] protection only and [has/have] no cash in value at any time. If you don&rsquo;t pay your premiums your cover will stop.</p>\n<p>To make sure any payment at claim goes to the person you want it to, you are responsible for making sure that the plan has been assigned or placed in trust at the start. Please talk to me about this.</p>\n<p><span>Based on the inheritance tax limits and rates for the tax years up to and including 2027/2028, which may change in the future.</span></p>\n<p>&nbsp;</p>","categoryIds":"FD4ED40CAFB349678F1A418BBC597D94"},{"label":"Potentially exempt transfers","description":"<p>You intend to make a gift of &pound;[xxxx] to [name/ relation/ other] which will be classed as a potentially exempt transfer (PET). This gift, [when added to previous PETs you have made in the last seven years] &pound;[xxxxx] is more than the nil rate band (NRB). So if you die within seven years of making the gift, [name/ relation/ other] may have to pay inheritance tax (IHT) on &pound;[xxxx/ part/ all] of the gift.</p>\n<p>Any IHT payable may be eligible for taper relief. This means that your gift will be subject to IHT as follows:-</p>\n<p>Year 1</p>\n<ul>\n    <li>Amount of gift which exceeds NRB &pound;xxxx</li>\n    <li>Amount subject to IHT 100%</li>\n    <li>Total IHT payable on gift &pound;xxxx</li>\n</ul>\n<p>Year 2</p>\n<ul>\n    <li>Amount of gift which exceeds NRB &pound;xxxx</li>\n    <li>Amount subject to IHT 100%</li>\n    <li>Total IHT payable on gift &pound;xxxx</li>\n</ul>\n<p>Year 3</p>\n<ul>\n    <li>Amount of gift which exceeds NRB &pound;xxxx</li>\n    <li>Amount subject to IHT 100%</li>\n    <li>Total IHT payable on gift &pound;xxxx</li>\n</ul>\n<p>Year 4</p>\n<ul>\n    <li>Amount of gift which exceeds NRB &pound;xxxx</li>\n    <li>Amount subject to IHT 80%</li>\n    <li>Total IHT payable on gift &pound;xxxx</li>\n</ul>\n<p>Year 5</p>\n<ul>\n    <li>Amount of gift which exceeds NRB &pound;xxxx</li>\n    <li>Amount subject to IHT 60%</li>\n    <li>Total IHT payable on gift &pound;xxxx</li>\n</ul>\n<p>Year 6</p>\n<ul>\n    <li>Amount of gift which exceeds NRB &pound;xxxx</li>\n    <li>Amount subject to IHT 40%</li>\n    <li>Total IHT payable on gift &pound;xxxx</li>\n</ul>\n<p>Year 7</p>\n<ul>\n    <li>Amount of gift which exceeds NRB &pound;xxxx</li>\n    <li>Amount subject to IHT 20%</li>\n    <li>Total IHT payable on gift &pound;xxxx</li>\n</ul>\n<p>Year 8 +</p>\n<ul>\n    <li>Amount of gift which exceeds NRB &pound;xxxx</li>\n    <li>Amount subject to IHT 0%</li>\n    <li>Total IHT payable on gift; zero</li>\n</ul>","categoryIds":"3BC01798271647728447345F9C09A348"},{"label":"Use of trusts","description":"<p>You should place your Gift Inter Vivos plan into trust, and name [xxxx] as beneficiary of this trust, as [xxxx] will be liable to pay any inheritance tax (IHT) due on the gift(s).</p>\n<p><span>If you do not place your Gift Inter Vivos plan into trust, if you die within the seven year term then the amount of cover will form part of your estate for inheritance tax (IHT) purposes.</span></p>","categoryIds":"3BC01798271647728447345F9C09A348"},{"label":"Taxation of benefits","description":"<p>Under current legislation, the amount of cover paid out from your Gift Inter Vivos plan is from UK Income Tax and Capital Gains Tax. However, unless you place your plan into trust the proceeds may form part of your estate for IHT purposes.</p>\n<p>You won't get tax relief on your premiums.</p>\n<p><span>The recommendations I&rsquo;ve made are based on my understanding of current legislation and HM Revenue and Customs practice, which can change in the future.</span></p>\n<div>&nbsp;</div>\n<div>&nbsp;</div>","categoryIds":"3BC01798271647728447345F9C09A348"},{"label":"Documents enclosed","description":"<p>Two copies of a personalised quotation from XX. If you would like to accept my recommendation, please sign, date and return one copy to me. The other copy is for your records. This quotation is only guaranteed until XXXXXX. Please return your paperwork to me as quickly as possible to help make sure your policy is set up within this timeframe.</p>\n<p>XX application form. I have completed this as far as I am able. Please complete the sections highlighted before signing and returning the application form.*</p>\n<p>XX application form. I have completed this as far as I am able. Please complete the sections highlighted before signing and returning the application form to me.</p>\n<p>XX key features document &ndash; this is for you to keep.</p>\n<p>XX terms and conditions &ndash; this is for you to keep.</p>\n<p>XX cancellation notice &ndash; <strong>only return this if you decide not to proceed with this application.</strong></p>\n<p>Transfer forms from your existing pension providers &ndash; please sign and complete these where indicated before returning them to me.</p>\n<p>Original policy documents (where required)...</p>\n<p>Any other forms...</p>\n<p>Money laundering ID requirements...</p>\n<p>Pre-paid envelope...</p>\n<p>Invoice/Instruction to authorise payment of adviser fee</p>","categoryIds":"8FF42B4957CB422CB6D18BCD68BD8031"},{"label":"Mutuality","description":"Liverpool Victoria Financial Services Limited does not have any shareholders and, as a mutual organisation, exists wholly for the benefit of its members. Together with its subsidiary companies, Liverpool Victoria Financial Services Limited is an insurance and financial services business in the United Kingdom.","categoryIds":"C53BC3E4FC1A407DAD7533A63F121A31"},{"label":"Member Discounts","description":"All members of Liverpool Victoria Financial Services qualify for discounts of up to 10% (on regular non-member rates) on a range of their general insurance products including car and home insurance provided by LV= General Insurance Group, a subsidiary of Allianz Holdings plc.","categoryIds":"C53BC3E4FC1A407DAD7533A63F121A31"},{"label":"Value Added Services","description":"<p>As a member who holds a protection policy, you also have access to the Legal Advice Line. The Legal Advice Line is run by a team of legal advisers who can talk to you about your rights and how to deal with various legal situations. You can get advice on a number of areas including general law, property related issues, wills and probate and family law. This service is not regulated by the Financial Conduct Authority or the Prudential Regulation Authority.</p>\n<p>LV= Doctor Services is automatically included with your policy and gives you and your partner or spouse access to six expert medical services in one app or by phone. This includes a 24/7 Remote GP service with unlimited consultations. LV= Doctor Services is a confidential service powered by Square Health and medical data will not be shared with LV=. This service is a non-contractual benefit and can be changed or removed at any time.</p>\n<p>LV= Doctor Services and the Legal Advice Line are provided by third party companies. These services are not regulated by the Financial Conduct Authority or the Prudential Regulation Authority.</p>","categoryIds":"C53BC3E4FC1A407DAD7533A63F121A31"},{"label":"Voting","description":"<span>As a member, you will be entitled to attend the company&rsquo;s formal meetings and vote on company matters when you have held your membership-conferring product for a continuous period of twelve months. Full membership terms and conditions are available on request.</span>","categoryIds":"C53BC3E4FC1A407DAD7533A63F121A31"},{"label":"Why Recommend LV= Personal Protection Plan","description":"I'm recommending the LV= Flexible Protection Plan, as it provides you with a range of different types of protection policies, to meet your needs with the added flexibility to change the cover provided, as your circumstances change. The LV= Flexible Protection Plan allows you to make changes by adding or removing different types of protection policy and increasing or decreasing the amounts of cover at any time to suit changes in your personal or financial circumstances. Some changes may require confirmation that your health is still acceptable to LV=. The main areas of cover offered within the plan are Life Protection, combined Life &amp; Critical Illness cover, Family Income Benefit, Income Protection and Waiver of Premium. You can choose to include some or all of these policies in your LV= Flexible Protection Plan, with different amounts and periods of cover for each policy.","categoryIds":"C53BC3E4FC1A407DAD7533A63F121A31"},{"label":"Introduction","description":"<p>Income Protection is an insurance policy, which will pay you if you became sick or injured and couldn&rsquo;t work, replacing some of your loss in earnings.</p>\n<p>LV= is a specialist insurance company and is a mutual company and has been protecting its customers since 1843. LV= focuses on providing excellent customer service and offering great value products.</p>","categoryIds":"783C77F74B524BB8A2874F499FEA300D"},{"label":"Aims","description":"LV= Income Protection pays you a regular income if an illness or injury stopped you from performing the main tasks of your normal job.","categoryIds":"783C77F74B524BB8A2874F499FEA300D"},{"label":"Full cover - policy overview - if client is working","description":"An income protection policy is designed to pay you a regular income to replace some of your lost income if you're unable to work because of sickness or an injury, during the term of the policy. If you make a claim, you'll receive an income until you're able to go back to work, the policy ends through reaching the end of its term or death. If you go back to work part time because you aren't fully recovered, then you may continue to receive payments from your policy, but at a lower level. There's no limit on the number of claims you can make on your policy, and you can make more than one claim for the same illness should you suffer a relapse during the policy term.\n<div>&nbsp;</div>","categoryIds":"FB8385BD899842C590B5D2D267F2A8C9"},{"label":"Full cover - maximum cover - if client is working","description":"<p>The maximum amount that the LV= Income Protection policy will cover is 60% of your current annual earned income before tax. This doesn't include any income from savings or investments. When you make a claim the payments from any other income protection or injury and sickness policies you have will be taken into account. This may reduce the total monthly income you receive from your LV= Income Protection policy when you make a claim. However, LV= will not make any deductions for benefits you may receive from the state.</p>\n<p>Based on your current annual earned income before tax of &pound;xxxx the maximum amount that your income protection policy can cover is &pound;xxxx a year, (&pound;xxxx a month).</p>\n<p><span>If you've been unemployed for 31 days or more at the time you become sick or have an accident, you'll still be covered but the maximum amount you'll be able to claim is &pound;1,500 a month, less the payments from any other income protection or accident and sickness policies that you have. A claim will only be paid if you're unable to prepare a meal or do basic housework.</span></p>","categoryIds":"FB8385BD899842C590B5D2D267F2A8C9"},{"label":"Full cover -policy overview - if client is a homemaker","description":"<span>As a homemaker an income protection policy is designed to pay you a regular income if you can't prepare a meal or do basic housework because of sickness or injury during the term of the policy. If you make a claim, you'll receive an income until you recover, or the policy ends through death or reaching the end of the policy term. There's no limit on the number of claims you can make on your policy, and you can make more than one claim for the same illness should you suffer a relapse during the policy term.</span>","categoryIds":"FB8385BD899842C590B5D2D267F2A8C9"},{"label":"Full cover - maximum cover - if client is a homemaker","description":"<p><span>As you&rsquo;ve chosen to be a homemaker and not to remain in employment, the maximum monthly income you can be insured for is &pound;1,500 a month. When you make a claim the payments from any other Income Protection or sickness and injury policies you have will be taken into account. This may reduce the total monthly income you receive from your income protection policy when you make a claim. However, LV= will not make any deductions for benefits you may receive from the state.</span></p>","categoryIds":"FB8385BD899842C590B5D2D267F2A8C9"},{"label":"Budget cover - policy overview - if client is working","description":"<p><span>The LV= Budget Income Protection policy is designed to pay you a regular income for up to 12 or 24* months to meet any additional expenses if you're unable to work because of sickness or injury, during the term of the policy. If you make a claim, you'll receive an income until you recover, until the policy ends or for a period of 12 or 24* months, whichever is shorter. There's no limit on the number of claims you can make, and you can make more than one claim for the same illness should you suffer a relapse during the policy term. However, payments will only be made for a maximum of 12 or 24* months for each claim.</span></p>\n<p>If you go back to work part time because you're not fully recovered, then you may continue to receive payments from your income protection policy, but at a lower level for the rest of the 12 or 24* month payment period.</p>\n<p>* delete as appropriate</p>\n<div>&nbsp;</div>","categoryIds":"FB8385BD899842C590B5D2D267F2A8C9"},{"label":"Budget cover - maximum cover - if client is working","description":"<p>The maximum amount that the LV= Income Protection policy will cover is 60% of your annual earned income before tax. This doesn't include any income from savings or investments. When you make a claim the payments from any other Income Protection or accident and sickness policies you have will be taken into account. This may reduce the total monthly income you receive from your income protection policy when you make a claim. However, LV= will not make any deductions for benefits you may receive from the state.</p>\n<p>Based on your annual earned income before tax of &pound;xxxx the maximum amount that your income protection policy can cover is &pound;xxxx a year, (&pound;xxxx a month).</p>\n<p><span>If you've been unemployed for 31 days or more at the time you become sick or injured, you'll still be covered but the maximum amount you'll be able to claim is &pound;1,500 a month, less the payments from any other income protection or injury and sickness policies that you have. A claim will only be paid if you're unable to prepare a meal or do basic housework.</span></p>","categoryIds":"FB8385BD899842C590B5D2D267F2A8C9"},{"label":"LV= Flexible Protection Plan","description":"<span>I'm recommending the LV= Flexible Protection Plan, as it provides you with a range of different types of protection policies, to meet your needs with the added flexibility to change the cover provided, as your circumstances change. The LV= Flexible Protection Plan allows you to make changes by adding or removing different types of protection policy and increasing or decreasing the amounts of cover at any time to suit changes in your personal or financial circumstances. Some changes may require confirmation that your health is still acceptable to LV=. The main areas of cover offered within the plan are Life Protection, Combined Life and Critical Illness Cover, Income Protection and Waiver of Premium. You can choose to include some or all of these policies in your LV= Flexible Protection Plan, with different amounts and periods of cover for each policy.</span>","categoryIds":"FB8385BD899842C590B5D2D267F2A8C9"},{"label":"Waiting period: overview, quantification and recommendation","description":"<p>You can choose how long you have to wait after you stop being able to work before the income payments start to be made from your policy. This is called the 'deferred period' or 'waiting period'. The length of the waiting period you&rsquo;ve chosen is shown in the personal illustration that I've included with this letter.</p>\n<p>You've told me that your employer will pay you sick pay for a period of xxxx months should you be off work due to long term sickness or an injury. (Adviser chooses the correct waiting period for client), so that you'll continue to receive an income after your employer has stopped paying you a salary.</p>\n<p>You've told me that your employer won't pay you sick pay should you be off work due to long term sickness or an injury. Because of this it's important to you that the amount of cover on your income protection policy should start being paid as soon as possible if you make a claim. (Adviser chooses the correct waiting period for client), which is the shortest period available to you.</p>\n<p>You've told me that you've got money in savings to meet any anticipated expenses for xxxx* months should you be unable to work because of sickness or an injury, so that any additional expenses will continue to be met after your cash has been used up.</p>\n<p>You've told me if you were unable to work, you don't have any savings to fall back on. Because of this it's important to you that the amount of cover on your income protection policy should start being paid as soon as possible if you make a claim.&nbsp;</p>\n<p>* insert recommended waiting period<br />\n<div>&nbsp;</div>\n</p>","categoryIds":"FB8385BD899842C590B5D2D267F2A8C9"},{"label":"Policy Overview - level","description":"<span>The amount of cover will stay the same throughout the term of your policy. As the amount of cover is fixed it's important to understand that as the cost of living goes up over time, the amount of cover in your policy will buy less. Therefore it&rsquo;s important to regularly review the type and amount of cover to make sure it is still right for your needs.</span>","categoryIds":"FB8385BD899842C590B5D2D267F2A8C9"},{"label":"Policy overview - increasing","description":"<p>Inflation linked cover means that your amount of cover will go up each year in line with inflation, and the amount you pay (your premium) will go up by inflation multiplied by 1.5.</p>\n<p>Inflation is measured by the Retail Prices Index (RPI). In the event of a claim, the amount of cover will continue to increase in line with RPI whilst your claim is still being paid , up to a maximum of 12% a year. Choosing inflation linked cover will help reduce the impact of inflation on the real value of the monthly benefit payable.</p>","categoryIds":"FB8385BD899842C590B5D2D267F2A8C9"},{"label":"Types of cover: Own occupation cover","description":"<p>Based on your occupation you'll be covered under 'own occupation' cover.</p>\n<p>This means the policy will pay out, after your waiting period if because of sickness or an injury you're unable to do your usual occupation. You wouldn't be expected to go back to work in a different occupation, so whilst you're still unable to carry out the main duties of your usual occupation, and you aren't doing any other paid or unpaid work the policy will continue to pay out, right up until the end of the policy term.</p>","categoryIds":"FB8385BD899842C590B5D2D267F2A8C9"},{"label":"Types of cover: Homemaker cover","description":"<p>As you've told me that you're not working because you are now a homemaker , you'll be covered under 'homemaker cover'.</p>\n<p>This means the premiums for your policies will continue to be paid on your behalf, after your waiting period if because of sickness or an injury you are unable to prepare a meal or do basic housework and are not doing any other paid or unpaid work.</p>","categoryIds":"FB8385BD899842C590B5D2D267F2A8C9"},{"label":"Types of cover: Waiver of premium","description":"<p><span>Waiver of Premium removes the need for you to continue paying your premiums, if you're unable [to work* or prepare a meal or do basic housework*] because of sickness or an injury while you're insured.</span></p>\n<p>* delete as appropriate</p>","categoryIds":"FB8385BD899842C590B5D2D267F2A8C9"},{"label":"NHS Doctors & Surgeons","description":"<p><span>&nbsp;LV= Income Protection offers unique features and benefits for doctors and surgeons. LV= includes an NHS sick pay guarantee, to qualify for the guarantee your policy has been set up on a 12 month waiting period. However, the benefit will start to pay as soon as you start to receive reduced pay from the NHS. The policy will pay 50% of the benefit when you are on half pay and then the full benefit once your NHS sick pay ends provided you normally work at least 32 hours a week. LV= also offers a &pound;3,000 benefit guarantee should your income fluctuate since taking out the cover. Finally, the tailored doctors and surgeons cover provides sabbatical break cover under own occupation for up to 24 months allowing for study, work abroad or additional learning (this isn't available during the first 12 months after your policy starts).</span></p>\n<p>* delete as appropriate</p>\n<div>&nbsp;</div>","categoryIds":"FB8385BD899842C590B5D2D267F2A8C9"},{"label":"Teachers","description":"<p><span>Included in the LV= Income Protection plan is a sick pay guarantee for teachers. To qualify for the guarantee your policy has been set up on a 12month waiting period, and your sick pay arrangements will need to match those detailed in the policy conditions (which match those in the Burgundy Book). However, the benefit will start to pay as soon as you start to receive reduced pay from your teacher&rsquo;s sick pay. The policy will pay 50% of the benefit when you are on half pay and then the full benefit once your sick pay ends.</span></p>\n<p>* delete as appropriate</p>","categoryIds":"FB8385BD899842C590B5D2D267F2A8C9"},{"label":"Premium basis: Guaranteed - level cover","description":"<span>The premiums for the policy are guaranteed, which means they that won't increase. So you'll know the exactly how much you'll be paying each month for your cover throughout the whole term of your policy.</span>","categoryIds":"69E7FC95301B4711888FF44C14393B54"},{"label":"Premium basis: Guaranteed - inflation-linked cover","description":"<span>The premiums for the policy are guaranteed, which means that they won't increase other than for inflation linked increases. As I've recommended inflation linked cover, your amount of cover will increase by inflation and your premiums will increase in line with inflation multiplied by 1.5.</span>","categoryIds":"69E7FC95301B4711888FF44C14393B54"},{"label":"Own Occupation Cover","description":"<p>Based on your occupation you'll be covered under 'own occupation' cover.</p>\n<p>This means the policy will pay out after your waiting period, if because of sickness or an injury you're unable to do your usual occupation. You wouldn't be expected to go back to work in a different occupation, so whilst you're still unable to carry out the main duties of your usual occupation, and you aren't doing any other paid or unpaid work the policy will continue to pay out, [right up until the end of the policy term* for 12 months for 24 months*].</p>\n<p>However, if you've been unemployed for 31 days or more at the time you become sick or injured, a claim will only be paid if you're unable to prepare a meal or do basic housework.</p>\n<p>* delete as appropriate</p>","categoryIds":"17BA1CDB48344865A47E8D15AB8CC33A"},{"label":"Homemaker Cover","description":"<p>As you've told me that you're not working and are now a homemaker , you'll be covered under 'homemaker cover'.</p>\n<p>This means this policy will pay out, following your waiting period, if because of sickness or injury, you are unable to prepare a meal or do basic housework and are not doing any other paid or unpaid work.</p>","categoryIds":"17BA1CDB48344865A47E8D15AB8CC33A"},{"label":"Standard warnings protection products","description":"<p>[This policy / These policies] provide[s] protection only and [has/have] no cash in value at any time.</p>\n<p>If you don't pay your premiums your cover will stop.</p>\n<p>The amount of cover for any policy which pays out if you die may form part of your estate for inheritance tax purposes.</p>","categoryIds":"17BA1CDB48344865A47E8D15AB8CC33A"},{"label":"Planning a family","description":"<span>If you go on maternity leave and fall sick you will continue to be covered under LV&rsquo;s own occupation definition for a period of 12 months, even if after 12 months you choose to leave your paid occupation. If after 12 months you haven&rsquo;t returned to work, the cover will revert to homemaker cover.</span>","categoryIds":"17BA1CDB48344865A47E8D15AB8CC33A"},{"label":"Benefit guarantee","description":"LV= automatically includes a &pound;1,500 benefit guarantee should your income fluctuate since taking out the cover.&nbsp; The guarantee aims to protect you against a genuine drop in income after you take out the policy.","categoryIds":"17BA1CDB48344865A47E8D15AB8CC33A"},{"label":"Looking ahead: Guaranteed increase options (GIOs)","description":"<p>The LV= Income Protection policy offers a range of options which mean you can amend your plan in the future depending on your circumstances. Guaranteed increase options include:</p>\n<p>Rental increase as a result of you moving into a new rental property or as a result of an increase imposed by your landlord</p>\n<p>Mortgage increase as a result of moving house or home improvement</p>\n<p>Marriage or civil partnership</p>\n<p>Childbirth or legal adoption of a child</p>\n<p>Increase in basic salary of at least 10% from an employer</p>\n<p>Significant career progression salary increase of at least 20%</p>","categoryIds":"17BA1CDB48344865A47E8D15AB8CC33A"},{"label":"Death Benefit","description":"<span>The LV= Income Protection policy provides you with a death benefit of up to &pound;10,000 (up to &pound;5,000 within four years of the policy start date). Subject to the time of death, LV= will pay up to &pound;10,000 if you die before the end of your policy. This payment provides additional security for your family. For example, it could pay for funeral costs or pay off any outstanding bills that might not have been paid.</span>","categoryIds":"17BA1CDB48344865A47E8D15AB8CC33A"},{"label":"Other Product Features","description":"<p>Your policy also includes the following features: fracture cover, death benefit, payment holidays, and parent and child cover.</p>\n<p>Fracture cover: this means you&rsquo;ll receive a specified amount of money ranging from &pound;650 to &pound;2,200 if you suffer a bone fracture. The amount varies on the location of the fracture and not all types of fracture are covered. This payment is in addition to any payments LV= will pay you if you&rsquo;re unable to work, LV= will only pay one fracture claim in a 12 month period.</p>\n<p>Payment holiday: covers you if you become unemployed through no fault of your own, you&rsquo;ll have peace of mind that your LV= income protection plan will stay in place and you don&rsquo;t need to worry about paying your premiums if money is tight. Your monthly premiums will be covered by LV= up to a maximum of six months over the term of the policy. Bear in mind there's an exclusion period meaning you're not covered if you're made unemployed within 90 days of your policy starting.</p>\n<p>Parent and child cover: covers your child if they are diagnosed with a specific illness, or undergoes a specific operation or medical procedure*. The amount paid will equal six times the monthly amount of cover on the main Income Protection policy (subject to a maximum payment of &pound;25,000) and covers one payment per child per policy.</p>\n<p>*Exclusions apply. For more details on this, and the 54 conditions and medical procedures covered, please see the Income Protection policy conditions.</p>","categoryIds":"17BA1CDB48344865A47E8D15AB8CC33A"},{"label":"Taxation of benefits: generic","description":"<p>Under current legislation, the amount of cover payable from your [plan/policy] is free of UK Income Tax and Capital Gains Tax. Any death benefits or other amounts paid out after you die may form part of your estate for inheritance tax purposes.</p>\n<p>You won't get tax relief on your premiums.</p>\n<p>The recommendations I've made are based on my understanding of current legislation and HM Revenue and Customs practice, which can change in the future.</p>\n<div>&nbsp;</div>","categoryIds":"A71E0F5843FE45018E2628FD4182C0EC"},{"label":"Documents enclosed","description":"<p>Two copies of a personalised quotation from XX. If you would like to accept my recommendation, please sign, date and return one copy to me. The other copy is for your records. This quotation is only guaranteed until XXXXXX. Please return your paperwork to me as quickly as possible to help make sure your policy is set up within this timeframe.</p>\n<p>XX application form. I have completed this as far as I am able. Please complete the sections highlighted before signing and returning the application form.*XX key features or policy summary document &ndash; this is for you to keep.</p>\n<p>Any other forms...</p>\n<p>Money laundering ID requirements...</p>\n<p>Pre-paid envelope...</p>","categoryIds":"FA70857284F940B5A9E38DF65AAE667F"},{"label":"Mutuality","description":"Liverpool Victoria Financial Services Limited does not have any shareholders and, as a mutual organisation, exists wholly for the benefit of its members. Together with its subsidiary companies, Liverpool Victoria Financial Services Limited is an insurance and financial services business in the United Kingdom.","categoryIds":"8451174C399A4E34B179825EA799C3CC"},{"label":"Member Discounts","description":"All members of Liverpool Victoria Financial Services qualify for discounts of up to 10% (on regular non-member rates) on a range of general insurance products including car and home insurance provided by LV= General Insurance Group, a subsidiary of Allianz Holdings plc.","categoryIds":"8451174C399A4E34B179825EA799C3CC"},{"label":"Value Added Services","description":"<p>As a member who holds a protection policy, you also have access to the Legal Advice Line. The Legal Advice Line is run by a team of legal advisers who can talk to you about your rights and how to deal with various legal situations. You can get advice on a number of areas including general law, property related issues, wills and probate and family law. This service is not regulated by the Financial Conduct Authority or the Prudential Regulation Authority.</p>\n<p>LV= Doctor Services is automatically included with your policy and gives you and your partner or spouse access to six expert medical services in one app or by phone. This includes a 24/7 Remote GP service with unlimited consultations. LV= Doctor Services is a confidential service powered by Square Health and medical data will not be shared with LV=. This service is a non-contractual benefit and can be changed or removed at any time.</p>\n<p>LV= Doctor Services and the Legal Advice Line are provided by third party companies. These services are not regulated by the Financial Conduct Authority or the Prudential Regulation Authority.</p>","categoryIds":"8451174C399A4E34B179825EA799C3CC"},{"label":"Voting","description":"<span>As a member, you will be entitled to attend the company&rsquo;s formal meetings and vote on company matters when you have held your membership-conferring product for a continuous period of twelve months. Full membership terms and conditions are available on request.</span>","categoryIds":"8451174C399A4E34B179825EA799C3CC"},{"label":"Introduction","description":"<p><span>A combined life and critical illness policy pays out a lump sum if [you die or are/ either of you dies or is/ the person insured dies or is/ either of the people insured dies or is] diagnosed with a critical illness (and survive for at least 14 days) during the term of the policy. The policy provides cover for less severe conditions, these are called additional payments. When a claim is paid for an additional payment condition, your full amount of cover remains in place, and your policy continues.. When a claim is paid for a full payment condition, the policy ends and you won't have to pay any more premiums.</span></p>\n<p>The money can help to provide for your family, help pay off mortgages or loans or make adjustments to your home if you were to, for example suffer a stroke or become permanently disabled.</p>\n<p>Life and Critical Illness cover provides the option to include Enhanced Children&rsquo;s cover at an additional cost to provide protection for your children and the person covered by the policy for pregnancy related complications. It covers your children (including step and legally adopted children) from birth until their 23rd birthday for 95 conditions, which include child specific conditions. LV= will pay 50% of the amount of cover on the main policy (amount shown on your policy schedule) up to a maximum of &pound;35,000 for one of the children&rsquo;s full payment conditions. If a claim is made on one of the children&rsquo;s additional payment conditions, LV= will pay 25% of the amount of cover on the main policy (amount shown on your policy schedule) up to a maximum of &pound;15,000. LV= only pay a claim for one full payment condition for each child on this policy, and once they have paid a full payment claim that child is no longer covered under the policy. This option can be added as long as there is at least five years remaining on your policy. Once this option is removed, it cannot be added to the same policy in the future.</p>\n<p>It&rsquo;s important to understand this option only covers your children until the age of 23, so when your children reach that age it&rsquo;s important that you contact LV= to cancel your children&rsquo;s cover. This is so you don&rsquo;t continue to keep paying for cover that you can no longer use.</p>","categoryIds":"07DDC6B4B69341E5A5A268AFF285D5E2"},{"label":"Recommending level cover","description":"<span>Level cover means the amount of money you insure yourself for will not change, whether the claim is made in the first year, or during the last year of the policy term. Your monthly premiums will also stay the same. As the amount of cover is fixed, it's important to understand that the amount of cover will not increase, even though the cost of living goes up over time.</span>","categoryIds":"88EA7C5FE8774CFFA83325BAE868424A"},{"label":"Recommending decreasing cover","description":"<span>Decreasing cover means that the amount that would be paid to you if you made a claim, will go down each month, throughout the policy term. The amount of cover payable when you make a claim is designed to equal the amount outstanding on a typical repayment mortgage, provided the interest rate you pay doesn't go up to more than 12% This is explained in more detail in the policy conditions I've given you.</span>","categoryIds":"88EA7C5FE8774CFFA83325BAE868424A"},{"label":"Policy overview: inflation linked","description":"<p>Inflation linked means that the amount of cover will go up each year in line with inflation (which is measured using the Retail Prices Index, known as RPI). However, your premiums will increase with inflation multiplied by 1.5.</p>\n<p>By choosing inflation-linked cover, inflation will have less impact on the real value of your amount of cover.</p>\n<div>&nbsp;</div>","categoryIds":"88EA7C5FE8774CFFA83325BAE868424A"},{"label":"Interest-only mortgage","description":"<p>You've told me that:</p>\n<ul>\n    <li>the amount outstanding on your interest only mortgage is &pound;x, and</li>\n    <li>that the remaining term is xx years</li>\n</ul>\n<p><span>A combined Life and Critical Illness policy with cover of &pound;x over a xx year term,&nbsp; will help repay the outstanding amount on your mortgage if a claim is made during the policy term.</span></p>\n<div>&nbsp;</div>","categoryIds":"88EA7C5FE8774CFFA83325BAE868424A"},{"label":"Repayment Mortgage","description":"<p>You've told me that</p>\n<ul>\n    <li>the amount outstanding on your repayment mortgage is &pound;x, and</li>\n    <li>that the remaining term is xx years.</li>\n</ul>\n<p><span>A combined Life and Critical Illness policy with cover of &pound;x over a xx year term, will aim to repay the outstanding amount on your mortgage if a claim is made during the policy term. The amount of cover payable when you make a claim is designed to equal the amount outstanding on a typical repayment mortgage, provided the interest rate paid doesn't go up to more than 12% (subject to conditions). This is explained in more detail in the policy conditions I've given you.</span></p>","categoryIds":"88EA7C5FE8774CFFA83325BAE868424A"},{"label":"Recommended amount of cover: generic","description":"<p>[Life and Critical Illness Cover of &pound;x] over a term of xx years. The lump sum paid out will help to provide for your family if a claim is made during the policy term.</p>\n<p>Lump sum benefit recommendations - loan mortgage cover</p>\n<p>[Life and Critical Illness cover of &pound;x]. The lump sum paid out may be used to repay your &pound;x [loan/ mortgage] if a claim is made during the policy term.</p>\n<p>Total permanent disability</p>\n<p>[own occupation or work tasks] total permanent disability cover based on your current occupation. This means you'll be covered if, as a result of sickness or injury, you're left totally unable to carry out at least three of the following of everyday activities ever again.</p>\n<p>The work tasks are:</p>\n<ul>\n    <li>Walking</li>\n    <li>Climbing</li>\n    <li>Lifting</li>\n    <li>Bending</li>\n    <li>Getting in and out of a car</li>\n    <li>Writing</li>\n</ul>\n<p>Full details of how these activities are measured are explained in the policy conditions I've given you.</p>\n<p>It's really important to understand that you can only claim if your disability is expected to last for the remainder of your life, irrespective of when your policy ends, or when you are due to retire. It won't cover you if your disability is temporary, or isn't expected to last for the remainder of your life.</p>\n<br />\n<div>&nbsp;</div>","categoryIds":"88EA7C5FE8774CFFA83325BAE868424A"},{"label":"Waiver of premium - benefit overview","description":"<span>Waiver of Premium removes the need for you to continue paying your premiums, if you're unable to work because of sickness or injury while you're insured. The premiums for all of the policies in your Flexible Protection Plan will continue to be paid, by us, on your behalf as long as you remain unable to work.</span>","categoryIds":"88EA7C5FE8774CFFA83325BAE868424A"},{"label":"Waiver of premium - waiting period","description":"<span>Waiver of Premium&nbsp; means if the person insured is unable to work because of sickness or injury, LV= will pay the premiums after the waiting period. The waiting period is automatically set to six months unless you have an LV= Income Protection or LV= Personal Sick Pay policy, then the waiting period will be matched and LV= will pay the premiums across all the policies within the menu plan.</span>","categoryIds":"88EA7C5FE8774CFFA83325BAE868424A"},{"label":"Waiver of premium - own occupation cover","description":"<p>Based on your occupation you'll be covered under 'own occupation' cover.</p>\n<p>This means the premiums for your policies will continue to be paid on your behalf, after your waiting period if, because of sickness or an injury, you're unable to do the main tasks of your usual occupation. You wouldn't be expected to go back to work in a different occupation, so whilst you're still unable to carry out the main tasks of your usual occupation, and you aren't doing any other paid or unpaid work, the policy will continue to pay you right up until the end of the policy term.</p>\n<p>If you're aged 70 or over and become unable to work because of sickness or accident, the premiums will only be paid on your behalf if you're not able to do certain activities normally considered essential to living without someone else's help. These daily activities include walking, climbing, bending, communicating, eyesight, dexterity, healthcare and financial independence. Full details of how these activities are measured can be found in the policy conditions that I've given you.</p>","categoryIds":"88EA7C5FE8774CFFA83325BAE868424A"},{"label":"Waiver of premium: homemaker","description":"<p>As you've told me that you're not working and are a homemaker , you'll be covered under 'homemaker cover'.</p>\n<p>This means the premiums for your policies will continue to be paid on your behalf after your waiting period, if because of sickness or an injury you're unable to prepare a meal or do basic housework and are not doing any other paid or unpaid work.</p>","categoryIds":"88EA7C5FE8774CFFA83325BAE868424A"},{"label":"Premium basis - guaranteed - level cover","description":"The premiums for the Life and Critical Illness policy are guaranteed, which means that they won't increase. So, you'll know the exactly how much you'll be paying each month for your cover and throughout the whole term of your policy.\n<div>&nbsp;</div>","categoryIds":"B3A882B90FF64E09A9039813A00BD184"},{"label":"Premium basis: guaranteed - inflation linked","description":"<span>The premiums for the Life and Critical Illness policy are guaranteed, which means they won&rsquo;t increase except for inflation linked increases, as I&rsquo;ve recommended inflation linked cover your premiums will only increase if your amount of cover increases. Your cover will increase by inflation (which is measured using the Retail Prices Index, known as RPI) but your premiums will increase by inflation multiplied by 1.5.</span>","categoryIds":"B3A882B90FF64E09A9039813A00BD184"},{"label":"Types of cover: Inflation linked","description":"<p>Inflation linked cover means that your amount of cover will go up each year in line with inflation, and the amount you pay (your premium) will go up by inflation multiplied by 1.5.</p>\n<p>Inflation is measured by the Retail Prices Index (RPI). In the event of a claim, the amount of cover will continue to increase in line with RPI whilst in payment, up to a maximum of 12% a year. Choosing inflation linked cover will help reduce the impact of inflation on the real value of the monthly benefit payable.</p>","categoryIds":"E1431666E26742AD9A04CD3312E1D52A"},{"label":"Types of cover: Decreasing cover","description":"<span>Decreasing cover means that the amount paid out for a claim will go down throughout the policy term. The amount of cover payable when you make a claim is designed to equal the amount outstanding on a typical repayment mortgage, provided the interest rate you paid doesn't go up to more than 12%. This is explained in more detail in the policy conditions I've given you.</span>","categoryIds":"E1431666E26742AD9A04CD3312E1D52A"},{"label":"Types of Cover: Level cover","description":"<span>The amount of cover will stay the same throughout the term of your policy. As the amount of cover is fixed it's important to understand that as the cost of living goes up over time, the amount of cover in your policy will buy less. Therefore, it&rsquo;s important to regularly review the type of cover in order for it to fit your needs.</span>","categoryIds":"E1431666E26742AD9A04CD3312E1D52A"},{"label":"Types of cover: Waiver of premium","description":"<p><span>Waiver of Premium removes the need for you to continue paying your premiums if you're [unable to work*, to prepare a meal, or do basic housework*] because of sickness or an injury while you're insured.</span></p>\n<p>* delete as appropriate</p>","categoryIds":"E1431666E26742AD9A04CD3312E1D52A"},{"label":"Enhanced Children's Cover","description":"<p><span>Enhanced Children&rsquo;s cover is an option you can choose to include in your policy for an additional cost. You can choose to add Enhanced Children&rsquo;s cover at the moment of taking out the policy or later on as long as there is at least five years remaining on the policy. This provides your children from birth up to their 23rd birthday (including step and legally adopted children) with cover for 95 conditions including 10 child-specific conditions and for the person insured they&rsquo;ll be covered for six pregnancy complications where LV= will pay a &pound;5,000 payment per pregnancy.</span></p>\n<p>You also have the option to remove Enhanced Children&rsquo;s cover from your policy at any time, for example when your youngest child reaches their 23rd birthday and is no longer covered by the policy. However, once Enhanced Children&rsquo;s cover is removed then it can&rsquo;t be added back onto the same policy in the future.</p>","categoryIds":"E1431666E26742AD9A04CD3312E1D52A"},{"label":"Main Features","description":"<p><span>It&rsquo;s important to understand the main product feature of LV&rsquo;s Life and Critical Illness cover</span><br />\n<span></span></p>\n<ul>\n    <li><span>41 conditions covered in total (if total permanent disability is added); 39 full payment conditions and two additional payment conditions</span></li>\n    <li><span>Enhanced accident benefit covering nine conditions where LV= will pay an additional 50% on top of your cover (up to a maximum of &pound;200,000) if the claim is a direct result of an accident<br />\n    </span></li>\n    <li><span>Children&rsquo;s critical illness cover is not included on the policy, your client can opt to add Enhanced Children&rsquo;s cover at an added cost. This can be added as long as there are at least five years remaining on your policy.<br />\n    </span></li>\n    <li><span>Emotional and practical support through LV= Doctor Services and the Legal Advice Line. Including virtual medical services, mental health support, and legal advice.</span></li>\n</ul>\n<p><span>To support your family even more, LV= give you the option to add Enhanced Children&rsquo;s cover to your policy at an additional cost, allowing you to take out even comprehensive cover for your children. This comes with a full range of benefits for your family, whether you already have children or are planning on starting or growing your family. This can be added at the point when you take your policy out, or you can add it at a later stage in line with changes to your family as long as you have at least five years remaining on your policy. You also have the option to remove Enhanced Children&rsquo;s cover at any time, though you must remove it when your youngest child reaches their 23rd birthday as you cannot claim past this point. If you remove it sooner, it cannot be added back on to the same policy.</span></p>\n<p><span>Your children will be covered from birth until their 23rd birthday for 95 conditions including child specific conditions. LV= will pay 50% of the amount of cover on the main policy (amount shown on your policy schedule) up to a maximum of &pound;35,000 for one of the children&rsquo;s full payment conditions. If a claim is made on one of the children&rsquo;s additional payment conditions, LV= will pay 25% of the amount of cover on the main policy (amount shown on your policy schedule) up to a maximum of &pound;15,000. LV= will only pay a claim for one full payment condition for each child on this policy, and once they have paid a full payment claim that child is no longer covered under the policy. The person insured will also be protected from pregnancy with cover for six pregnancy complication payments where LV= will pay a &pound;5,000 payment per pregnancy. More information can be found in the policy conditions.</span></p>","categoryIds":"6FD07F3BF45A410499303EB6DB9B7664"},{"label":"Standard warnings","description":"<ul>\n    <li><span>If Enhanced Children&rsquo;s cover is not added to your Life and Critical Illness cover then your children won&rsquo;t be covered by the policy.</span><br />\n    <span></span></li>\n    <li><span>Children will only be covered by the conditions listed in the policy conditions.</span><br />\n    <span></span></li>\n    <li><span>If you choose to include Enhanced Children&rsquo;s cover and remove it at any time during the life of the policy, you cannot add it to the policy again later..</span><br />\n    <span></span></li>\n    <li><span>This policy has no cash in value at any time.</span><br />\n    <span></span></li>\n    <li><span>If you want to add Enhanced Children's cover you must have at least five years remaining on your policy.</span><br />\n    <span></span></li>\n    <li><span>Enhanced Children's cover only covers your children until age 23, so when your children reach that age it&rsquo;s important that you contact LV= to cancel your children&rsquo;s cover. This is so you don&rsquo;t continue to keep paying for cover you cannot use.</span><br />\n    <span></span></li>\n    <li><span>If you stop paying your premiums your cover may stop.&nbsp;</span><br />\n    <span></span></li>\n    <li><span>A claim won&rsquo;t be paid won&rsquo;t if the person insured takes their own life in the first 12 months of taking out the policy. If this happens your policy will be cancelled, and your premiums refunded.</span><br />\n    <span></span></li>\n    <li><span>You are only covered for the illnesses, operations and medical procedures listed in your policy conditions and no others.</span></li>\n</ul>","categoryIds":"6FD07F3BF45A410499303EB6DB9B7664"},{"label":"Tax treatment - generic","description":"<p><span>Under current legislation, at point of claim the amount of cover payable from your [plan/policy] is free of UK Income Tax and Capital Gains Tax, but it may form part of your estate for inheritance tax purposes.</span></p>\n<p>You won't get tax relief on your premiums.</p>\n<p>The recommendations I've made are based on my understanding of current legislation and HM Revenue and Customs practice, which can change in the future.</p>\n<div>&nbsp;</div>\n<div>&nbsp;</div>","categoryIds":"5E4D31F86F0E43F0AB3503ADAC88AA59"},{"label":"Documents enclosed","description":"<p>Two copies of a personalised quotation from XX. If you would like to accept my recommendation, please sign, date and return one copy to me. The other copy is for your records. This quotation is only guaranteed until XXXXXX. Please return your paperwork to me as quickly as possible to help make sure your policy is set up within this timeframe.<br />\nXX application form. I have completed this as far as I am able. Please complete the sections highlighted before signing and returning the application form.* </p>\n<p>XX Policy Summary document &ndash; this is for you to keep.</p>\n<p>XX Terms and Conditions &ndash; this is for you to keep.</p>\n<p>XX Cancellation Notice &ndash; please ONLY return this if you decide you do not wish to proceed with this application.</p>","categoryIds":"E58B7EA1297046FD895495B6A4C048F4"},{"label":"Mutuality","description":"Liverpool Victoria Financial Services Limited does not have any shareholders and, as a mutual organisation, exists wholly for the benefit of its members. Together with its subsidiary companies, Liverpool Victoria Financial Services Limited is an insurance and financial services business in the United Kingdom.","categoryIds":"90541AB3F76D43FB91ED12A3431F3EB6"},{"label":"Member Discounts","description":"All members of Liverpool Victoria Financial Services qualify for discounts of up to 10% (on regular non-member rates) on a range of their general insurance products including car and home insurance provided by LV= General Insurance Group, a subsidiary of Allianz Holdings plc.","categoryIds":"90541AB3F76D43FB91ED12A3431F3EB6"},{"label":"Value Added Services","description":"<p>As a member who holds a protection policy, you also have access to the Legal Advice Line. The Legal Advice Line is run by a team of legal advisers who can talk to you about your rights and how to deal with various legal situations. You can get advice on a number of areas including general law, property related issues, wills and probate and family law. This service is not regulated by the Financial Conduct Authority or the Prudential Regulation Authority.</p>\n<p>LV= Doctor Services is automatically included with your policy and gives you and your partner or spouse access to six expert medical services in one app or by phone. This includes a 24/7 Remote GP service with unlimited consultations. LV= Doctor Services is a confidential service powered by Square Health and medical data will not be shared with LV=. This service is a non-contractual benefit and can be changed or removed at any time.</p>\n<p>LV= Doctor Services and the Legal Advice Line are provided by third party companies. These services are not regulated by the Financial Conduct Authority or the Prudential Regulation Authority.</p>","categoryIds":"90541AB3F76D43FB91ED12A3431F3EB6"},{"label":"Voting","description":"<span>As a member, you will be entitled to attend the company&rsquo;s formal meetings and vote on company matters when you have held your membership-conferring product for a continuous period of twelve months. Full membership terms and conditions are available on request.</span>","categoryIds":"90541AB3F76D43FB91ED12A3431F3EB6"},{"label":"Introduction","description":"<span>A combined Life and Critical Illness policy pays out a lump sum if [you die or are/ either of you dies or is/ the person insured dies or is/ either of the people insured dies or is] diagnosed with a critical illness (and survive for at least 14 days) during the term of the policy. The policy provides cover for less severe conditions, these are called additional payments. When a claim is paid for an additional payment condition, your cover remains in place for the full amount. When a claim is paid for a full payment condition, the policy ends and you won't have to pay any more premiums. The money can help to provide for your family, help pay off mortgages or loans or make adjustments to your home if you were to, for example suffer a stroke or become permanently disabled.</span>","categoryIds":"1B49675900F5468CAFA861B020EA50BC"},{"label":"Recommending level cover","description":"<span>Level cover means the amount you insure yourself for will not change, whether the claim is made in the first year, or during the last year of the policy term. Your monthly premiums will also stay the same. As the amount of cover is fixed, it's important to understand that the amount of cover will not increase, even though the cost of living goes up over time.</span>","categoryIds":"4ED5251776F94C7C93988EF3F4269F3E"},{"label":"Recommending decreasing cover","description":"<span>Decreasing cover means that the amount that would be paid to you if you made a claim, will go down each month, throughout the policy term. The amount of cover payable when you make a claim is designed to equal the amount outstanding on a typical repayment mortgage, provided the interest rate you pay doesn't go up to more than 12% This is explained in more detail in the policy conditions I've given you.</span>","categoryIds":"4ED5251776F94C7C93988EF3F4269F3E"},{"label":"Policy overview: inflation linked","description":"<p>Inflation linked means that the amount of cover will go up each year in line with inflation (which is measured using the Retail Prices Index, known as RPI). However, your premiums will increase with inflation multiplied by 1.5.</p>\n<p><span>By choosing inflation linked cover, inflation will have less impact on the real value on your amount of cover.</span></p>","categoryIds":"4ED5251776F94C7C93988EF3F4269F3E"},{"label":"Interest-only mortgage","description":"<p>You've told me that:</p>\n<ul>\n    <li>the amount outstanding on your interest only mortgage is &pound;x, and</li>\n    <li>that the remaining term is xx years</li>\n</ul>\n<p><span>A combined Life and Critical Illness policy with cover of &pound;x over a xx year term,&nbsp;will help repay the outstanding amount on your mortgage if a claim is made during the policy term.</span></p>","categoryIds":"4ED5251776F94C7C93988EF3F4269F3E"},{"label":"Repayment Mortgage","description":"<p>You've told me that</p>\n<ul>\n    <li>the amount outstanding on your repayment mortgage is &pound;x, and</li>\n    <li>that the remaining term is xx years.</li>\n</ul>\n<p><span>A combined Life and Critical Illness policy with cover of &pound;x over a xx year term, will aim to repay the outstanding amount on your mortgage if a claim is made during the policy term. The amount of cover payable when you make a claim is designed to equal the amount outstanding on a typical repayment mortgage provided the interest rate paid doesn't go up to more than 12% (subject to conditions). This is explained in more detail in the policy conditions I've given you.</span></p>","categoryIds":"4ED5251776F94C7C93988EF3F4269F3E"},{"label":"Recommended amount of cover: generic","description":"<p>[Life and Enhanced Critical Illness cover of &pound;x] over a term of xx years. The lump sum paid out will help to provide for your family if a claim is made during the policy term.</p>\n<p>Lump sum benefit recommendations - loan mortgage cover</p>\n<p>[Life and Enhanced Critical Illness cover of &pound;x]. The lump sum paid out may be used to repay your &pound;x [loan/ mortgage] if a claim is made during the policy term.</p>\n<p>Total permanent disability</p>\n<p>[own occupation or work task] total permanent disability cover based on your current occupation. This means you'll be covered if as a result of sickness or an injury you're left totally unable to carry out at least three of the following of everyday activities ever again.</p>\n<p>The work tasks are:</p>\n<ul>\n    <li>Walking</li>\n    <li>Climbing</li>\n    <li>Lifting</li>\n    <li>Bending</li>\n    <li>Getting in and out of a car</li>\n    <li>Writing</li>\n</ul>\n<p>Full details of how these activities are measured are explained in the policy conditions I've given you.</p>\n<p>It's really important to understand that you can only claim if your disability is expected to last for the remainder of your life, irrespective of when your policy ends, or when you are due to retire. It won't cover you if your disability is temporary, or isn't expected to last for the remainder of your life.</p>","categoryIds":"4ED5251776F94C7C93988EF3F4269F3E"},{"label":"Waiver of premium - benefit overview","description":"<p><span>Waiver of Premium removes the need for you to continue paying your premiums, if you're unable to work because of sickness or injury while you're insured. The premiums for all of the policies in your Flexible Protection Plan will continue to be paid, by us, on your behalf as long as you remain unable to work.</span></p>","categoryIds":"4ED5251776F94C7C93988EF3F4269F3E"},{"label":"Waiver of premium - waiting period","description":"<span>Waiver of Premium, means that LV= will pay the premiums after the waiting period if the person insured is unable to work because of sickness or injury. The waiting period is automatically set to six months, unless you have an LV= Income Protection or LV= Personal Sick Pay policy in which case the waiting period will be matched and LV= will pay the premiums across all the policies within the menu plan.</span>","categoryIds":"4ED5251776F94C7C93988EF3F4269F3E"},{"label":"Waiver of premium - own occupation cover","description":"<p>Based on your occupation you'll be covered under 'own occupation' cover.</p>\n<p>This means the premiums for your policies will continue to be paid on your behalf, after your waiting period if, because of sickness or an injury, you're unable to do the main tasks of your usual occupation. You wouldn't be expected to go back to work in a different occupation, so whilst you're still unable to carry out the main tasks of your usual occupation, and you aren't doing any other paid or unpaid work, the policy will continue to pay you, right up until the end of the policy term.</p>\n<p>If you're aged 70 or over when you become unable to work because of sickness or injury, the premiums will only be paid on your behalf if you're not able to do certain activities normally considered essential to living without someone else's help. These daily activities include walking, climbing, bending, communicating, eyesight, dexterity, healthcare and financial independence. Full details of how these activities are measured can be found in the policy conditions that I've given you.</p>","categoryIds":"4ED5251776F94C7C93988EF3F4269F3E"},{"label":"Waiver of premium: homemaker","description":"<p>As you've told me that you're not working and are a homemaker , you'll be covered under 'homemaker cover'.</p>\n<p>This means the premiums for your policies will continue to be paid on your behalf, after your waiting period if, because of sickness or an accident, you're unable to prepare a meal or do basic housework and are not doing any other paid or unpaid work.</p>","categoryIds":"4ED5251776F94C7C93988EF3F4269F3E"},{"label":"Premium basis - reviewable","description":"<span>Reviewable premiums means that they're not guaranteed to stay the same and may increase or decrease during the term of the policy. However, the premium is guaranteed not to change for at least the first five years of your policy. After that, they may be reviewed every year. However, following a review, your premium won't change again for at least 12 months.</span>","categoryIds":"145398F1B37145A0A315CA46A639D14E"},{"label":"Premium basis - guaranteed - level cover","description":"<span>Reviewable premiums means that they're not guaranteed to stay the same and may increase or decrease during the term of the policy. However, the premium is guaranteed not to change for at least the first five years of your policy. After that, they may be reviewed every year. However, following a review, your premium won't change again for at least 12 months.</span>","categoryIds":"145398F1B37145A0A315CA46A639D14E"},{"label":"Premium basis: guaranteed - inflation linked","description":"<span>The premiums for the Life and Critical Illness policy are guaranteed, which means they won&rsquo;t increase other than for inflation linked increases as I&rsquo;ve recommended inflation linked cover Your premiums will only increase if your amount of cover increases. Your cover will increase by inflation (which is measured using the Retail Prices Index, known as RPI) but your premiums will increase by inflation multiplied by 1.5.</span>","categoryIds":"145398F1B37145A0A315CA46A639D14E"},{"label":"Life and Enhanced Critical Illness with Standard Children’s cover","description":"<span>Life and Enhanced Critical Illness cover with the standard children&rsquo;s cover option. This provides your children cover from birth until their 23rd birthday (including step and legally adopted children), 85* conditions which includes full and additional payment conditions. Any payments made are not deducted from the original cover value.</span>","categoryIds":"19A13F780607440E8D8BFAE27CEC7DDE"},{"label":"Life and Enhanced Critical Illness with Enhanced Children's cover","description":"<span>Life and Enhanced Critical Illness cover with the Enhanced Children&rsquo;s cover option. This provides your children (from birth up to their 23rd birthday, including step and legally adopted children) with cover for more conditions, as well as the 85 conditions and the features included in the standard cover, they&rsquo;ll be covered by an additional 10 child-specific conditions and the person insured will be covered for six pregnancy complications where we&rsquo;ll pay a &pound;5,000 payment per pregnancy.</span>","categoryIds":"19A13F780607440E8D8BFAE27CEC7DDE"},{"label":"Life and Enhanced Critical illness with standard children’s cover","description":"<p><span>It&rsquo;s important to understand the main product features of LV&rsquo;s Life and Enhanced Critical Illness cover with standard children&rsquo;s cover.</span><br />\n<span></span></p>\n<ul>\n    <li><span>87 conditions covered, 49 full payment conditions and 38 additional payment conditions*.<br />\n    </span></li>\n    <li><span>We cover sepsis, severe mental illness and Crohn&rsquo;s Disease as full payment conditions.<br />\n    </span></li>\n    <li><span>Extensive cancer cover including less advanced cancers* and upon receiving evidence of diagnosis &pound;1,000 cost of cancer diagnosis payment to support with any initial costs while their claim is processed.<br />\n    </span></li>\n    <li><span>Standard children&rsquo;s cover is included automatically and at no extra cost.<br />\n    </span></li>\n    <li><span>Enhanced claim payments of twice the cover (up to &pound;200,000) in the event of an accident, major organ condition or early onset neurological condition (under age 55). See policy conditions for what is covered under enhanced payments<br />\n    </span></li>\n    <li><span>Emotional and practical support through LV= Doctor Services and the Legal Advice Line including virtual medical services, mental health support and legal advice.</span></li>\n</ul>","categoryIds":"8CCA546A3628414E90C3B585EC5DA7CF"},{"label":"Life and Enhanced Critical illness with Enhanced Children’s Cover","description":"<p>To support your family even more, LV= designed their Life and Critical Illness with Enhanced Children&rsquo;s Cover, allowing you to take out even more comprehensive cover for your children. This comes with a full range of benefits for your family, whether you already have children or are planning on starting or growing your family.</p>\n<p>Supporting you and your children is important and in addition to the standard benefits, LV=&rsquo;s Enhanced Children's Cover has an additional 10 child-specific conditions and six pregnancy complications that&rsquo;ll protect you and your family. This type of cover will be perfect for you if you&rsquo;re looking to start or grow your family, or for those looking for more comprehensive cover.</p>\n<p>Just like their standard Life and Critical Illness policy, they&rsquo;ll cover your children up to their 23rd birthday, with the addition of being covered for more conditions and you would receive an increased payment of 50% of your cover amount or &pound;35,000, (whichever is lower) if you had to make a claim for your child on the policy. More information can be found in the policy documents.</p>","categoryIds":"8CCA546A3628414E90C3B585EC5DA7CF"},{"label":"Standard warnings: enhanced critical illness","description":"<p>It's important to understand that you're only covered for the illnesses detailed in the policy conditions and no others. Some of these illnesses also require a specified level of seriousness or a defined period of time for symptoms. Details of the critical illnesses covered by the recommended policy, and the claim criteria, are included within the policy documents I've enclosed. Please make sure you read these carefully, so you understand what you'll be covered for. If you've got any questions, please get in touch.</p>\n<p>Standard warnings: protection products</p>\n<p>[This policy / These policies] provide[s] protection only and [has/have] no cash in value at any time.</p>\n<p>If you don't pay your premiums your cover may stop.</p>\n<p>We won't pay a claim if the person insured dies as a result of taking their own life in the first 12 months of the policy.</p>","categoryIds":"8CCA546A3628414E90C3B585EC5DA7CF"},{"label":"Standard warnings: protection products","description":"<p>[This policy / These policies] provide[s] protection only and [has/have] no cash in value at any time.</p>\n<p>If you don't pay your premiums your cover may stop.</p>\n<p>We won't pay a claim if the person insured dies as a result of taking their own life in the first 12 months of the policy.</p>","categoryIds":"8CCA546A3628414E90C3B585EC5DA7CF"},{"label":"Tax treatment - generic","description":"<p><span>Under current legislation, at point of claim the amount of cover payable from your [plan/policy] is free of UK Income Tax and Capital Gains Tax, but it may form part of your estate for inheritance tax purposes.</span></p>\n<p>You won't get tax relief on your premiums.</p>\n<p>The recommendations I've made are based on my understanding of current legislation and HM Revenue and Customs practice, which can change in the future.</p>","categoryIds":"5F6B4D5F055C45B1AFC035645EA696B8"},{"label":"Documents enclosed","description":"<p>Two copies of a personalised quotation from XX. If you would like to accept my recommendation, please sign, date and return one copy to me. The other copy is for your records. This quotation is only guaranteed until XXXXXX. Please return your paperwork to me as quickly as possible to help make sure your policy is set up within this timeframe.<br />\nXX application form. I have completed this as far as I am able. Please complete the sections highlighted before signing and returning the application form.* </p>\n<p>XX key features document &ndash; this is for you to keep.</p>\n<p>XX terms and conditions &ndash; this is for you to keep.</p>\n<p>XX cancellation notice &ndash; please ONLY return this if you decide you do not wish to proceed with this application</p>","categoryIds":"241721E5426A4E2287C4DE441BC6A682"},{"label":"Mutuality","description":"Liverpool Victoria Financial Services Limited does not have any shareholders and, as a mutual organisation, exists wholly for the benefit of its members. Together with its subsidiary companies, Liverpool Victoria Financial Services Limited is an insurance and financial services business in the United Kingdom.","categoryIds":"7F3256E047E9490C986360728EA0460B"},{"label":"Member Discounts","description":"All members of Liverpool Victoria Financial Services qualify for discounts of up to 10% (on regular non-member rates) on a range of their general insurance products including car and home insurance provided by LV= General Insurance Group, a subsidiary of Allianz Holdings plc.","categoryIds":"7F3256E047E9490C986360728EA0460B"},{"label":"Value Added Services","description":"<p>As a member who holds a protection policy, you also have access to the Legal Advice Line. The Legal Advice Line is run by a team of legal advisers who can talk to you about your rights and how to deal with various legal situations. You can get advice on a number of areas including general law, property related issues, wills and probate and family law. This service is not regulated by the Financial Conduct Authority or the Prudential Regulation Authority.</p>\n<p>LV= Doctor Services is automatically included with your policy and gives you and your partner or spouse access to six expert medical services in one app or by phone. This includes a 24/7 Remote GP service with unlimited consultations. LV= Doctor Services is a confidential service powered by Square Health and medical data will not be shared with LV=. This service is a non-contractual benefit and can be changed or removed at any time.</p>\n<p>LV= Doctor Services and the Legal Advice Line are provided by third party companies. These services are not regulated by the Financial Conduct Authority or the Prudential Regulation Authority.</p>","categoryIds":"7F3256E047E9490C986360728EA0460B"},{"label":"Voting","description":"<span>As a member, you will be entitled to attend the company&rsquo;s formal meetings and vote on company matters when you have held your membership-conferring product for a continuous period of twelve months. Full membership terms and conditions are available on request.</span>","categoryIds":"7F3256E047E9490C986360728EA0460B"},{"label":"Introduction","description":"Life Protection offers you a plan to support your family when you&rsquo;re no longer here. Whether it&rsquo;s to help pay off a mortgage, support children if they go to university or simply to ensure your family have money to live on &ndash; Life Protection offers this peace of mind.","categoryIds":"46EAACE3674B440B95FDA0FB0598F000"},{"label":"Aims","description":"<span>With a lump sum paid on death or diagnosis of a terminal illness, LV&rsquo;s Life Protection helps you to secure your loved ones&rsquo; future.</span>","categoryIds":"46EAACE3674B440B95FDA0FB0598F000"},{"label":"Policy Overview - generic","description":"<p>A life insurance policy pays out a lump sum if [you die/ either of you die/ the person who's insured dies/ one of the people insured dies] during the policy term. It will only pay out one claim and then the policy ends. The payment can help to provide financial support for your family to help pay off a mortgage or any loans.</p>\n<p>The premiums are guaranteed and will not increase, which means that you will know the exact cost of cover throughout the term of the policy, unless you have chosen inflation linked cover.</p>","categoryIds":"972F14C197594E0E825C24EC3EEB9CF2"},{"label":"Policy overview - level","description":"<p><span>Level cover means that the amount paid out for a claim will always be the same &ndash; whether the claim is made in the first year, or during the last year of the policy term. As the amount of cover is fixed it's important to understand that the amount of cover will not increase, even though the cost of living goes up over time.</span></p>\n<p><span>Interest only mortgage: quantification of need and recommendation</span></p>\n<p><span>You've told me that:</span></p>\n<ul>\n    <li><span>the amount outstanding on your interest only mortgage is &pound;xxxx, and</span><br />\n    <span></span></li>\n    <li><span>that it ends in xxxx years.</span></li>\n</ul>\n<p><span>A life insurance policy for &pound;xxxx over a xxxx year term will cover this debt. This will help to repay the outstanding mortgage amount if [you die/ either of you die/ the person you've insured dies/ either of the people you've insured dies] during the policy term.</span></p>","categoryIds":"972F14C197594E0E825C24EC3EEB9CF2"},{"label":"Policy overview - decreasing","description":"<p><span>Decreasing cover means that the amount paid out for a claim will go down each year throughout the policy term. The amount of cover payable when you make a claim is designed to equal the amount outstanding on a typical repayment mortgage, provided the interest rate you paid doesn't go up to more than 12%. This is explained in more detail in the policy conditions I've given you.</span><br />\n<span>Repayment mortgage</span></p>\n<p><span>You've told me that:</span></p>\n<ul>\n    <li><span>the amount outstanding on your repayment mortgage is &pound;xxxx, and</span><br />\n    <span></span></li>\n    <li><span>that it ends in xxxx years.</span></li>\n</ul>\n<p><span>To cover this debt, a decreasing life insurance policy for &pound;xxxx over a xxxx year term will help to repay the outstanding mortgage amount if [you die/ either of you die/ the person you've insured dies/ either of the people you've insured dies] during the policy term. The amount of cover payable when you make a claim is designed to equal the amount outstanding on a typical repayment mortgage provided the interest rate paid doesn't go up to more than 12%. This is explained in detail in the policy conditions I've given you.</span></p>","categoryIds":"972F14C197594E0E825C24EC3EEB9CF2"},{"label":"Policy overview - inflation-linked cover","description":"<p><span>Inflation linked cover means that the amount paid out for a claim will go up each year in line with inflation (which is measured using the Retail Prices Index, known as RPI) and your premiums will also increase by inflation multiplied by 1.5. Choosing inflation linked cover will help reduce the impact of inflation on the real value of the sum payable.</span></p>","categoryIds":"972F14C197594E0E825C24EC3EEB9CF2"},{"label":"Lump sum benefit recommendation","description":"A Life insurance policy for &pound;xxxx over a term of xxxx years. The amount of cover payable should provide sufficient money to repay your xxxx loan if [you die/ either of you die/ you both die/ the person you've insured dies/ either of the people you've insured dies/ both of the people you've insured die] during the policy term.\n<div>&nbsp;</div>","categoryIds":"972F14C197594E0E825C24EC3EEB9CF2"},{"label":"Waiver of premium - benefit overview","description":"Waiver of Premium removes the need for you to continue paying your premiums, if you're unable to work because of sickness or accident while you're insured. The premiums for all of the policies in your Flexible Protection Plan will continue to be paid on your behalf as long as you remain unable to work.\n<div>&nbsp;</div>","categoryIds":"972F14C197594E0E825C24EC3EEB9CF2"},{"label":"Waiver of premium - waiting period","description":"Waiver of Premium, which means if the person insured is unable to work because of sickness or accident, LV= will pay the premiums after the waiting period. The waiting period is shown in the personal illustration that I've included with this letter.\n<div>&nbsp;</div>","categoryIds":"972F14C197594E0E825C24EC3EEB9CF2"},{"label":"Waiver of premium: Types of Cover - Own Occupation cover","description":"<p>Based on your occupation you'll be covered under 'own occupation' cover.</p>\n<p>This means the premiums for your policies will continue to be paid on your behalf, after your waiting period if because of sickness or an injury you're unable to do your usual occupation. You wouldn't be expected to go back to work in a different occupation, so whilst you're still unable to carry out the main duties of your usual occupation, and you're aren't doing any other paid or unpaid work the policy will continue to pay out, right up until the end of the policy term.</p>\n<p>If you're aged 70 or over when you become unable to work because of sickness or accident, the premiums will only be paid on your behalf if you're not able to do certain activities normally considered essential to living without someone else's help. These daily activities include walking, climbing, bending, communicating, eyesight, dexterity, healthcare and financial independence. Full details can be found in the policy conditions that I've enclosed with this letter.</p>","categoryIds":"972F14C197594E0E825C24EC3EEB9CF2"},{"label":"Waiver of premium: Types of Cover - Homemaker cover","description":"<p>As you've told me that you're not working, you'll be covered under 'homemaker cover'.</p>\n<p>This means the premiums for your policies will continue to be paid on your behalf, after your waiting period if because of sickness or an accident you are unable to prepare a meal or do basic housework and are not doing any other paid or unpaid work.</p>","categoryIds":"972F14C197594E0E825C24EC3EEB9CF2"},{"label":"Premium basis: guaranteed level cover","description":"The premiums for the policy are guaranteed, which means they won't increase. So, you'll know the exactly how much you'll be paying each month for your cover and throughout the whole term of your policy.\n<div>&nbsp;</div>","categoryIds":"F7AF08E8F8BD48D6827864A92DB32266"},{"label":"Premium basis: guaranteed decreasing cover","description":"The premiums for the policy are guaranteed, which means they won't increase. So, you'll know the exactly how much you'll be paying each month for your cover and throughout the whole term of your policy.","categoryIds":"F7AF08E8F8BD48D6827864A92DB32266"},{"label":"Premium basis: guaranteed, inflation-linked cover","description":"<span>The premiums for the policy are guaranteed, which means they that won't increase other than for inflation linked increases as I've recommended inflation linked cover. Your premiums will only increase if your amount of cover increases. Your cover will increase by inflation (which is measured using the Retail Prices Index, known as RPI) but your premiums will increase by inflation multiplied by 1.5.</span>","categoryIds":"F7AF08E8F8BD48D6827864A92DB32266"},{"label":"Terminal Illness Cover","description":"This policy includes terminal illness cover. This means that if [you're/ one of you is / the person insured is/ one of the people insured is] diagnosed with a terminal illness during the policy term (a rapidly progressing and incurable illness where you're not expected to live for more than 12 months), you can make a claim. The policy won't pay out twice, so once the amount of cover has been paid out for a terminal illness claim the policy ends, it will not pay out again on death.\n<div>&nbsp;</div>","categoryIds":"FEEA83DA403048E8BE1462BDEC887563"},{"label":"Looking ahead – Guaranteed increase options (GIOs)","description":"<p>With this policy you can increase your cover on certain events, such as getting married, having a child, an increase in your rent or mortgage, an increase in your basic salary, or a significant career progression salary increase.</p>\n<p>We will calculate your new premiums based on your original medical information, which means you can increase or change your cover, without having to apply again. You can find more about the events covered and the limits that apply in your policy conditions. If you want to use one of these options, just let me know.</p>","categoryIds":"FEEA83DA403048E8BE1462BDEC887563"},{"label":"Free pre-underwriting cover","description":"<span>For mortgage related applications, LV= may be able to put your cover in place immediately if your policy can&rsquo;t start right away. This is temporary cover and the amount of cover will be the amount of cover &lsquo;applied for&rsquo; and is subject to a maximum limit of &pound;500,000. No charge is made for this cover, which will end on the start date of your policy or earlier based on certain criteria.</span>","categoryIds":"FEEA83DA403048E8BE1462BDEC887563"},{"label":"Standard warnings: protection products","description":"<p>[This policy / These policies] provide[s] protection only and [has/have] no cash in value at any time.</p>\n<p>If you don't pay your premiums your cover will stop.</p>\n<p><span>The amount of cover for any policy which pays out if you die may form part of your estate for inheritance tax purposes. Please be aware that a claim won&rsquo;t be paid if you die as a result of intentionally taking your own life (or a self-inflicted injury) in the first 12 months after your policy starts.</span></p>","categoryIds":"FEEA83DA403048E8BE1462BDEC887563"},{"label":"Tax treatment - generic","description":"<p><span>Under current legislation, at point of claim the amount of cover payable from your [plan/policy] is free of UK Income Tax and Capital Gains Tax, but it may form part of your estate for inheritance tax purposes.</span></p>\n<p>You won't get tax relief on your premiums.</p>\n<p>The recommendations I've made are based on my understanding of current legislation and HM Revenue and Customs practice, which can change in the future.</p>\n<div>&nbsp;</div>","categoryIds":"8EDE1271A236444EA60FE0BC4919FDC9"},{"label":"Documents Enclosed","description":"<p>Two copies of a personalised quotation from XX. If you would like to accept my recommendation, please sign, date and return one copy to me. The other copy is for your records. This quotation is only guaranteed until XXXXXX. Please return your paperwork to me as quickly as possible to help make sure your policy is set up within this timeframe.</p>\n<p>XX application form. I have completed this as far as I am able. Please complete the sections highlighted before signing and returning the application form.* </p>\n<p>XX key features document &ndash; this is for you to keep.</p>\n<p>XX terms and conditions &ndash; this is for you to keep.</p>\n<p>XX cancellation notice &ndash; please ONLY return this if you decide you do not wish to proceed with this application.</p>\n<div>&nbsp;</div>","categoryIds":"4CB6335B750A4DADAB5B97F1B0DEB3B0"},{"label":"Introduction","description":"I've considered the most appropriate place for you to invest from the range available to me and I think that investing &pound;[x] into the LV= ISA is the most suitable.<br />\n<br />\nThis ISA offers a range of funds to choose from. In your case the fund that's the closest match to your objectives and fits best with your attitude to risk is the [insert fund choice].","categoryIds":"BB27EEB5E4C149F99DB68A6FBDC44ECB"},{"label":"Meeting your objectives","description":"<p style=\"margin-bottom: 0.0001pt;\"><span>The ISA meets your objectives in that [delete as appropriate]</span></p>\n<p style=\"margin-bottom: 0.0001pt;\"><span>&nbsp;</span></p>\n<ul style=\"list-style-type: disc;\">\n    <li><span>it invests in a broad spread of investments and markets. This represents an efficient way to invest and manage risk.<br />\n    </span></li>\n    <li><span>you intend to stay invested for at least five years (and ideally longer).<br />\n    </span></li>\n    <li><span>it gives you the option to buy a capital guarantee at outset.<br />\n    </span></li>\n    <li><span>it's complementary to your existing investments.<br />\n    </span></li>\n    <li><span>it has [insert asset and geographic preferences that match].<br />\n    </span></li>\n    <li><span>it's less/more/the same risk as you have taken before.<br />\n    </span></li>\n    <li><span>the charging is transparent so you can see what charges will be applied to your investment.<br />\n    </span></li>\n    <li><span>it has a smoothing mechanism which helps to reduce the impact of short-term volatility in the market, giving a more consistent return.<br />\n    </span></li>\n    <li><span>anything else that's customer specific.</span></li>\n</ul>","categoryIds":"BB27EEB5E4C149F99DB68A6FBDC44ECB"},{"label":"Company information","description":"<p style=\"margin-bottom: 0.0001pt;\"><span>LV= is a registered trademark of Liverpool Victoria Financial Services Limited and a trading style of the Liverpool Victoria group of companies.</span></p>\n<p style=\"margin-bottom: 0.0001pt;\"><span>&nbsp;</span></p>\n<p style=\"margin-bottom: 0.0001pt;\"><span></span>LV= is committed to mutuality and believes that remaining mutual has a vital part to play in its ability to continue to provide members with a better future.</p>\n<p style=\"margin-bottom: 0.0001pt;\"><span>&nbsp;</span></p>\n<p style=\"margin-bottom: 0.0001pt;\"><span>Liverpool Victoria Financial Services Limited was founded in 1843 to help people on low incomes maintain a basic standard of living for their families and save for a decent funeral. The aim of the company was to make financial security and peace of mind available to more than just the privileged few &ndash; an ambition that still holds true today. In 2007 Liverpool Victoria rebranded as LV=.</span></p>","categoryIds":"D5907B988A554A28821084391C16444A"},{"label":"Mutual bonus","description":"<p style=\"margin-bottom: 0.0001pt;\"><span>As a mutual, LV= is focused on doing what's right for their members and customers. Since the mutual bonus was set up in 2011, LV= have rewarded their members with eligible policies for their support of the development and growth of the LV= business.<br />\n<br />\nThe board of directors will consider the financial performance of the business conducted in LVFS and its subsidiaries, past communications to members and LVFS's current and projected financial strength to decide whether they will award a mutual bonus to LV= with-profit policyholders. The LV= ISA is considered a with-profits policy.<br />\n<br />\nCurrently, any mutual bonus applied will be added to your plan as extra units after the first year of investment, helping give members an investment boost<br />\n<br />\nThe mutual bonus is declared yearly and is always at the sole discretion of the board. It isn't guaranteed to be paid every year and the level can vary. In exceptional circumstances, the board may consider it necessary to remove previously awarded mutual bonuses, but they haven't chosen to do this to date. The ISA Conditions explain how any mutual bonus would apply to your investment.</span></p>","categoryIds":"D5907B988A554A28821084391C16444A"},{"label":"Why LV=","description":"<p style=\"margin-bottom: 0.0001pt;\"><strong><span>Mutuality</span></strong></p>\n<p style=\"margin-bottom: 0.0001pt;\"><span>Liverpool Victoria Financial Services Limited does not have any shareholders and, as a mutual organisation, exists wholly for the benefit of its members. Together with its subsidiary companies, Liverpool Victoria Financial Services Limited is an insurance and financial services business in the United Kingdom.</span></p>\n<p style=\"margin-bottom: 0.0001pt;\"><strong><span>&nbsp;</span></strong></p>\n<p style=\"margin-bottom: 0.0001pt;\"><strong><span>Size</span></strong><span><br />\nLiverpool Victoria Financial Services Limited heads the Liverpool Victoria group of companies and has over one million members.<br />\n<strong></strong></span></p>\n<p style=\"margin-bottom: 0.0001pt;\"><span><strong>&nbsp;</strong></span></p>\n<p style=\"margin-bottom: 0.0001pt;\"><span><strong>Member Discounts</strong><br />\nAll members qualify for discounts of up to 10% on a range of general insurance products including car and home insurance provided by LV= General Insurance Group, a subsidiary of&nbsp;<br />\n</span></p>\n<p style=\"margin-bottom: 0.0001pt;\"><span><br />\n<strong></strong></span></p>\n<p style=\"margin-bottom: 0.0001pt;\"><span><strong>Allianz Holdings plc<br />\n</strong>As a member, you will be entitled to attend the company&rsquo;s formal meetings and vote on company matters when you have held your membership-conferring product for a continuous period of twelve months. Full membership terms and conditions available on request.</span></p>","categoryIds":"D5907B988A554A28821084391C16444A"},{"label":"Capital guarantee","description":"<p style=\"margin-bottom: 0.0001pt;\"><strong><span>[to be used if recommending ISA Cautious fund only]</span></strong><span> The ISA offers a 10 year guarantee at outset on the Cautious fund. By choosing the guarantee option, LV= guarantee that the value of your ISA at the end of the guarantee term, will be at least the same as the value of your ISA on the date you added it, less any money paid out during the guarantee term (which includes any withdrawals you make and any on-going and ad-hoc adviser charges).</span></p>\n<p style=\"margin-bottom: 0.0001pt;\"><span>&nbsp;</span></p>\n<p style=\"margin-bottom: 0.0001pt;\"><span></span>You can buy a guarantee at outset or upon expiry of a previous guarantee, subject to availability.</p>\n<p style=\"margin-bottom: 0.0001pt;\"><span>&nbsp;</span></p>\n<p style=\"margin-bottom: 0.0001pt;\"><span>The guarantee applies at the end of the guarantee term and LV= automatically add units to make up any shortfall. Please note that you could also still get back less than you invested if you cash in the guaranteed policy before the end of the guarantee period or after.</span></p>\n<p style=\"margin-bottom: 0.0001pt;\"><span>&nbsp;</span></p>\n<p style=\"margin-bottom: 0.0001pt;\"><span>In your case, [insert reasoning]</span></p>\n<p style=\"margin-bottom: 0.0001pt;\"><span>&nbsp;</span></p>","categoryIds":"96181C07BDC84E39B12C471253F5BA4E"},{"label":"Fund switching","description":"<p style=\"margin-bottom: 0.0001pt;\"><span>You can switch fund options at any time. Three switches are free in any LV= ISA plan year and then a &pound;25 charge will be applied to further switches. If you choose to switch between funds, LV= will wait 10 working days from the date they receive your instruction before they make the change to your investment. Once you&rsquo;ve asked to switch funds, you can&rsquo;t change your mind. When you switch funds, all policies held within your LV=ISA will switch. This will also mean any existing guarantees are cancelled.</span></p>","categoryIds":"96181C07BDC84E39B12C471253F5BA4E"},{"label":"Guarantee selection - included","description":"<p style=\"margin-bottom: 0.0001pt;\"><span>A) I'm recommending that you include a [insert guarantee term] year guarantee from the start in order to meet your objectives. The cost of the guarantee is shown later in this letter with the other ISA charges.</span></p>\n<p style=\"margin-bottom: 0.0001pt;\">B) I'm recommending that you initially exclude the guarantee because [insert reasoning].</p>","categoryIds":"96181C07BDC84E39B12C471253F5BA4E"},{"label":"Smoothed Managed Funds options","description":"<p><strong>[Delete as appropriate based on fund choice]</strong></p>\n<p><strong>&nbsp;</strong></p>\n<p><strong>[to be used if recommending ISA Extra Cautious fund]</strong> This fund is designed to provide long term steady growth together with a very low level of investment risk. The Fund invests, either directly or indirectly, in a diversified portfolio of fixed interest securities (bonds), equities (shares), property, cash and other related investments. The fund aims to avoid sharp rises and falls by &lsquo;averaging&rsquo; the investment returns over a rolling 26-week period.</p>\n<p>&nbsp;</p>\n<p>\n<strong>[to be used if recommending ISA Cautious fund]</strong> This fund is designed to provide long-term steady growth together with a low level of investment risk. The Fund invests, either directly or indirectly, in a diversified portfolio of fixed interest securities (bonds), equities (shares), property, cash and other related investments. The fund aims to avoid sharp rises and falls by &lsquo;averaging&rsquo; the investment returns over a rolling 26-week period.</p>\n<p>&nbsp;</p>\n<p>\n<strong>[to be used if recommending ISA Balanced fund]</strong> This fund is designed to provide long-term moderate growth together with a low to medium level of investment risk. The Fund invests, either directly or indirectly, in a diversified portfolio of fixed interest securities (bonds), equities (shares), property, cash and other related investments. The fund aims to avoid sharp rises and falls by &lsquo;averaging&rsquo; the investment returns over a rolling 26-week period.</p>\n<p>&nbsp;</p>\n<p>\n<strong>[to be used if recommending ISA Growth fund] </strong>This fund is designed to provide long-term growth together with a medium level of investment risk. The Fund invests, either directly or indirectly, in a diversified portfolio of fixed interest securities (bonds), equities (shares), property, cash and other related investments. The fund aims to avoid sharp rises and falls by &ldquo;averaging&rdquo; the investment returns over a rolling 26-week period.</p>\n<p>&nbsp;</p>\n<p>\n<strong>[to be used if recommending ISA Growth Plus fund] </strong>This fund is designed to provide long term steady and sustainable growth together with a medium level of investment risk. Within this objective LV= aim to invest in more sustainable assets in this fund. The Fund invests, either directly or indirectly, in a diversified portfolio of fixed interest securities (bonds), equities (shares), property, cash and other related investments. The fund aims to avoid sharp rises and falls by &ldquo;averaging&rdquo; the investment returns over a rolling 26-week period.</p>","categoryIds":"96181C07BDC84E39B12C471253F5BA4E"},{"label":"Withdrawals - occasional withdrawals","description":"<p style=\"margin-bottom: 0.0001pt;\"><span>Ad-hoc withdrawals are allowed with a minimum amount of &pound;250.</span></p>\n<p style=\"margin-bottom: 0.0001pt;\"><span>&nbsp;</span></p>\n<p style=\"margin-bottom: 0.0001pt;\"><span></span>Regular withdrawals are not allowed.</p>\n<p style=\"margin-bottom: 0.0001pt;\"><span>&nbsp;</span></p>\n<p style=\"margin-bottom: 0.0001pt;\"><span>In certain circumstances, LV= may apply a waiting period of up to 10 working days before they pay any ad hoc withdrawals from your LV= ISA. LV= will only apply a waiting period if they feel it is in the best interests of all their remaining plan holders and if required to protect the funds.</span></p>","categoryIds":"96181C07BDC84E39B12C471253F5BA4E"},{"label":"Charges","description":"<p style=\"margin-bottom: 0.0001pt;\"><span>I'd like to show you the charges associated with the LV= ISA.</span></p>\n<p style=\"margin-bottom: 0.0001pt;\"><span>&nbsp;</span></p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"0\" style=\"border: none;\">\n    <tbody>\n        <tr>\n            <td valign=\"top\" style=\"width: 225.4pt; padding: 0cm 5.4pt; border-style: solid; border-width: 1pt; text-align: left;\">\n            <p style=\"margin-bottom: 0.0001pt;\"><span>Fund name</span></p>\n            </td>\n            <td valign=\"top\" style=\"width: 225.4pt; padding: 0cm 5.4pt; border-left: none; border-top-style: solid; border-right-style: solid; border-bottom-style: solid; text-align: left;\">\n            <p style=\"margin-bottom: 0.0001pt;\"><span>Management charge (% p.a.)</span></p>\n            </td>\n        </tr>\n        <tr>\n            <td valign=\"top\" style=\"width: 225.4pt; padding: 0cm 5.4pt; border-top: none; border-right-style: solid; border-bottom-style: solid; border-left-style: solid; text-align: left;\">\n            <p style=\"margin-bottom: 0.0001pt;\"><span>ISA Extra Cautious Fund</span></p>\n            </td>\n            <td valign=\"top\" style=\"width: 225.4pt; padding: 0cm 5.4pt; border-top: none; border-left: none; border-right-style: solid; border-bottom-style: solid; text-align: left;\">\n            <p style=\"margin-bottom: 0.0001pt;\"><span>1.00%</span></p>\n            </td>\n        </tr>\n        <tr>\n            <td valign=\"top\" style=\"width: 225.4pt; padding: 0cm 5.4pt; border-top: none; border-right-style: solid; border-bottom-style: solid; border-left-style: solid; text-align: left;\">\n            <p style=\"margin-bottom: 0.0001pt;\"><span>ISA Cautious Fund</span></p>\n            </td>\n            <td valign=\"top\" style=\"width: 225.4pt; padding: 0cm 5.4pt; border-top: none; border-left: none; border-right-style: solid; border-bottom-style: solid; text-align: left;\">\n            <p style=\"margin-bottom: 0.0001pt;\"><span>1.00%</span></p>\n            </td>\n        </tr>\n        <tr>\n            <td valign=\"top\" style=\"width: 225.4pt; padding: 0cm 5.4pt; border-top: none; border-right-style: solid; border-bottom-style: solid; border-left-style: solid; text-align: left;\">\n            <p style=\"margin-bottom: 0.0001pt;\"><span>ISA Balanced Fund</span></p>\n            </td>\n            <td valign=\"top\" style=\"width: 225.4pt; padding: 0cm 5.4pt; border-top: none; border-left: none; border-right-style: solid; border-bottom-style: solid; text-align: left;\">\n            <p style=\"margin-bottom: 0.0001pt;\"><span>1.10%</span></p>\n            </td>\n        </tr>\n        <tr>\n            <td valign=\"top\" style=\"width: 225.4pt; padding: 0cm 5.4pt; border-top: none; border-right-style: solid; border-bottom-style: solid; border-left-style: solid; text-align: left;\">\n            <p style=\"margin-bottom: 0.0001pt;\"><span>ISA Growth Fund</span></p>\n            </td>\n            <td valign=\"top\" style=\"width: 225.4pt; padding: 0cm 5.4pt; border-top: none; border-left: none; border-right-style: solid; border-bottom-style: solid; text-align: left;\">\n            <p style=\"margin-bottom: 0.0001pt;\"><span>1.20%</span></p>\n            </td>\n        </tr>\n        <tr>\n            <td valign=\"top\" style=\"width: 225.4pt; padding: 0cm 5.4pt; border-top: none; border-right-style: solid; border-bottom-style: solid; border-left-style: solid; text-align: left;\">\n            <p style=\"margin-bottom: 0.0001pt;\"><span>ISA Growth Plus Fund</span></p>\n            </td>\n            <td valign=\"top\" style=\"width: 225.4pt; padding: 0cm 5.4pt; border-top: none; border-left: none; border-right-style: solid; border-bottom-style: solid; text-align: left;\">\n            <p style=\"margin-bottom: 0.0001pt;\"><span>1.20%</span></p>\n            </td>\n        </tr>\n    </tbody>\n</table>\n<p style=\"margin-bottom: 0.0001pt;\"><span><br />\nThe management charges are taken monthly as 1/12 of the annual charge by cancelling units.</span></p>\n<p style=\"margin-bottom: 0.0001pt;\"><span>There are no set up or exit charges.</span></p>\n<div>&nbsp;</div>","categoryIds":"AAF2F2F772104A27B312E87FA2F407C7"},{"label":"Charges - capital guarantee","description":"<p>I'd also like to show you the charges associated with the guarantee available on the ISA Cautious Fund.</p>\n<p>&nbsp;</p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"0\" style=\"border: none;\">\n    <tbody>\n        <tr>\n            <td valign=\"top\" style=\"width: 150.25pt; padding: 0cm 5.4pt; border-style: solid; border-width: 1pt; text-align: left;\">\n            <p style=\"margin-bottom: 0.0001pt;\">Fund name</p>\n            </td>\n            <td valign=\"top\" style=\"width: 150.25pt; padding: 0cm 5.4pt; border-left: none; border-top-style: solid; border-right-style: solid; border-bottom-style: solid; text-align: left;\">\n            <p style=\"margin-bottom: 0.0001pt;\">Guarantee term (years)</p>\n            </td>\n            <td valign=\"top\" style=\"width: 150.3pt; padding: 0cm 5.4pt; border-left: none; border-top-style: solid; border-right-style: solid; border-bottom-style: solid; text-align: left;\">\n            <p style=\"margin-bottom: 0.0001pt;\">Guarantee charge (% p.a.)</p>\n            </td>\n        </tr>\n        <tr>\n            <td valign=\"top\" style=\"width: 150.25pt; padding: 0cm 5.4pt; border-top: none; border-right-style: solid; border-bottom-style: solid; border-left-style: solid; text-align: left;\">\n            <p style=\"margin-bottom: 0.0001pt;\">ISA Cautious Fund</p>\n            </td>\n            <td valign=\"top\" style=\"width: 150.25pt; padding: 0cm 5.4pt; border-top: none; border-left: none; border-right-style: solid; border-bottom-style: solid; text-align: left;\">\n            <p style=\"margin-bottom: 0.0001pt;\">10</p>\n            </td>\n            <td valign=\"top\" style=\"width: 150.3pt; padding: 0cm 5.4pt; border-top: none; border-left: none; border-right-style: solid; border-bottom-style: solid; text-align: left;\">\n            <p style=\"margin-bottom: 0.0001pt;\">1.00%</p>\n            </td>\n        </tr>\n    </tbody>\n</table>\n<p>&nbsp;</p>\n<p>The guarantee charge is taken monthly as 1/12 of the annual charge.</p>","categoryIds":"AAF2F2F772104A27B312E87FA2F407C7"},{"label":"Death benefit","description":"<p><span>The death benefit payable will be 100.1% of the value of the LV= ISA. Upon death, this will be paid to your estate.</span></p>\n<p><span>&nbsp;</span></p>\n<p><span>An Additional Permitted Subscription is allowed between spouses/civil partners on the death of one of the partners. This will enable your surviving spouse/civil partner to put into their own ISA(s) an amount equivalent to the total ISA value held in your LV= ISA (in addition to their own annual ISA allowance).</span></p>","categoryIds":"AAF2F2F772104A27B312E87FA2F407C7"},{"label":"Smoothing mechanism","description":"<p>The fund uses averaging to help provide stability over time. If you have been invested in the fund option for 26 weeks or more, LV= helps to reduce the impact of short term ups and downs on your investment, by averaging the value of the assets over the previous 26 weeks.</p>\n<p>One effect of averaging means that if the markets are rising when you cash in all or part of your investment, you may get back less than if you were invested directly in the assets. But if markets are falling, you may get back more.</p>\n<p>In certain circumstances, LV= may choose to suspend averaging, and when this happens, the underlying price will apply to your investment instead and means your investment is likely to drop in value. LV= will only do this if they believe this action is required to protect the ISA funds, or if it is in the best interests of remaining with-profits policyholders generally. Payments will revert back to the Averaged Price when the company considers it appropriate and fair to with-profits policyholders.&nbsp;</p>","categoryIds":"AAF2F2F772104A27B312E87FA2F407C7"},{"label":"Taxation","description":"<p><span>All investment returns within the LV= ISA will be tax -free from UK tax only, in accordance with the ISA regulations.</span></p>\n<p><span>&nbsp;</span></p>\n<p><span>All income and capital gains under the Individual Savings Account will be exempt from income tax and capital gains tax.</span></p>","categoryIds":"791CD054535542D0A5215FC4E24060CD"},{"label":"Warnings","description":"<p>Stock Market:<br />\nThe value of investments can fall as well as rise and the fund value fluctuates every day.<br />\nThis is a stock market related investment so you aren't certain to make a profit and you may get back less than you invested.</p>\n<p>&nbsp;</p>\n<p>Withdrawals:<br />\nIf withdrawals are paid out of the LV= ISA, this will eat into your original investment if the amount is more than the growth.</p>\n<p>&nbsp;</p>\n<p>Other:<br />\nYou should read the full details in the Key Information and Supplementary Information Documents before deciding to invest.</p>\n<p>&nbsp;</p>\n<p>Past performance:<br />\nPlease remember that past performance doesn&rsquo;t reflect what will happen in the future. The value of your investment can go down as well as up.</p>","categoryIds":"5AEFB3F4619A4C7E8A1C18BD550A5E72"},{"label":"Documents enclosed","description":"<p><span>In order to support my recommendation, please find enclosed the following:</span></p>\n<p><span>&nbsp;</span></p>\n<p><span>Two copies of a personalised quotation from XX. In order to accept my recommendation, please sign, date and return one quotation to me. The other is for you to keep for your records. This quote is only guaranteed until XXXXXX. Please return your paperwork to me as quickly as possible to help me make sure your annuity is set up within this timeframe.</span></p>\n<p><span>&nbsp;</span></p>\n<p><span>XX application form. I have completed this as far as I am able. Please complete the sections highlighted before signing and returning the application form to me.</span></p>\n<p><span>&nbsp;</span></p>\n<p><span>XX key features document &ndash; this is for you to keep.</span></p>\n<p><span>&nbsp;</span></p>\n<p><span>XX terms and conditions &ndash; this is for you to keep.</span></p>\n<p><span>&nbsp;</span></p>\n<p><span>XX plan conditions &ndash; this is for you to keep.</span></p>\n<p><span>&nbsp;</span></p>\n<p><span>XX cancellation notice &ndash; please ONLY return thi</span>s if you decide you do not wish to proceed with this application.</p>\n<p>&nbsp;</p>\n<p><span>Transfer forms from your existing ISA providers &ndash; please sign and complete these where indicated before returning them to me.</span></p>\n<p><span>&nbsp;</span></p>\n<p><span>Original policy documents (where required)</span></p>\n<p><span>&nbsp;</span></p>\n<p><span>Any other forms</span></p>\n<p><span>&nbsp;</span></p>\n<p><span>Money laundering ID requirements</span></p>\n<p><span>&nbsp;</span></p>\n<p><span>Pre-paid envelope</span></p>\n<p><span>&nbsp;</span></p>\n<p><span>Invoice/Instruction to authorise payment of adviser fee</span></p>","categoryIds":"653F3EA4B3244965B67436719580BC17"},{"label":"Mutuality","description":"Liverpool Victoria Financial Services Limited does not have any shareholders and, as a mutual organisation, exists wholly for the benefit of its members. Together with its subsidiary companies, Liverpool Victoria Financial Services Limited is an insurance and financial services business in the United Kingdom.","categoryIds":"8690756888A548F2B68530A9C4FB14A6"},{"label":"Member Discounts","description":"All members of Liverpool Victoria Financial Services qualify for discounts of up to 10% (on regular non-member rates) on a range of their general insurance products including car and home insurance provided by LV= General Insurance Group, a subsidiary of Allianz Holdings plc.","categoryIds":"8690756888A548F2B68530A9C4FB14A6"},{"label":"Value Added Services","description":"<p>As a member who holds a protection policy, you also have access to the Legal Advice Line. The Legal Advice Line is run by a team of legal advisers who can talk to you about your rights and how to deal with various legal situations. You can get advice on a number of areas including general law, property related issues, wills and probate and family law. This service is not regulated by the Financial Conduct Authority or the Prudential Regulation Authority.</p>\n<p>LV= Doctor Services is automatically included with your policy and gives you and your partner or spouse access to six expert medical services in one app or by phone. This includes a 24/7 Remote GP service with unlimited consultations. LV= Doctor Services is a confidential service powered by Square Health and medical data will not be shared with LV=. This service is a non-contractual benefit and can be changed or removed at any time.</p>\n<p>LV= Doctor Services and the Legal Advice Line are provided by third party companies. These services are not regulated by the Financial Conduct Authority or the Prudential Regulation Authority.</p>","categoryIds":"8690756888A548F2B68530A9C4FB14A6"},{"label":"Voting","description":"<span>As a member, you will be entitled to attend the company&rsquo;s formal meetings and vote on company matters when you have held your membership-conferring product for a continuous period of twelve months. Full membership terms and conditions are available on request.</span>","categoryIds":"8690756888A548F2B68530A9C4FB14A6"},{"label":"Aims","description":"Personal Sick Pay pays you a regular income if an illness or injury stopped you from performing the main tasks of your normal job.\n<div>&nbsp;</div>","categoryIds":"857EE79CE0524BCBAEC131AF451F0179"},{"label":"Introduction","description":"<p><span>Personal Sick Pay is an insurance policy, which will pay you money if you become sick or injured and couldn&rsquo;t work, replacing some of your loss in earnings.</span></p>\n<p>LV= is a specialist insurance company and is a mutual company and has been protecting its customers since 1843. LV= focus on providing excellent customer service and offering great value products.</p>\n<p>&nbsp;</p>\n<div>&nbsp;</div>","categoryIds":"857EE79CE0524BCBAEC131AF451F0179"},{"label":"Full cover*","description":"<p>Your Personal Sick Pay policy is designed to pay you a regular income to replace some of your lost income if you're unable to work because of sickness or an injury, during the term of the policy. If you make a claim, you'll receive an income until you're able to go back to work, the policy ends through reaching the end of its term or death.</p>\n<p>If you go back to work part time because you aren't fully recovered, then you may continue to receive payments from your policy, but at a lower level. There's no limit on the number of claims you can make on your policy, and you can make more than one claim for the same illness should you suffer a relapse during the policy term.</p>\n<p>The maximum amount the LV= Personal Sick Pay policy will cover is 60% of your current annual earned income before tax. This doesn't include any income from savings or investments. When you make a claim the payments from any other income protection or injury and sickness policies you have may be taken into account. This may reduce the total monthly income you receive from your Personal Sick Pay policy when you make a claim. However, LV= will not make any deductions for benefits you may receive from the state.</p>\n<p>If you've been unemployed for 31 days or more at the time you become sick or injured, you'll still be covered but the maximum amount you'll be able to claim is &pound;1,500 a month if your chosen amount of cover is greater than this. A claim will only be paid if you're unable to prepare a meal or do basic housework.</p>","categoryIds":"4D0FFACA0C634335A08EEA5B5B8A5434"},{"label":"Budget cover*","description":"<p>The LV= Personal Sick Pay policy is designed to pay you a regular income for up to 24 months to meet any additional expenses if you're unable to work because of sickness or an accident, during the term of the policy. If you make a claim, you'll receive an income until you recover, until the policy ends or for 24 months, whichever is shorter. There's no limit on the number of claims you can make, and you can make more than one claim for the same illness should you suffer a relapse during the policy term. However, payments will only be made for a maximum of 24 months for each claim.</p>\n<p>If you go back to work part time because you're not fully recovered, then you may continue to receive payments from your income protection policy, but at a lower level for the rest of the 24-month payment period.</p>\n<p>The maximum amount that the LV= Personal Sick Pay policy will cover is 60% of your annual earned income before tax. This doesn't include any income from savings or investments. When you make a claim the payments from any other Income Protection or injury and sickness policies you have will be taken into account. This may reduce the total monthly income you receive from your income protection policy when you make a claim. However, LV= will not make any deductions for benefits you may receive from the state.</p>\n<p>If you've been unemployed for 31 days or more at the time you become sick or injured, you'll still be covered but the maximum amount you'll be able to claim is &pound;1,500 a month if your chosen amount of cover is greater than this. A claim will only be paid if you're unable to prepare a meal or do basic housework.</p>\n<p>* delete as appropriate</p>\n<p>We also discussed the other options available to fund your cost of living if you couldn't work because of an illness or injury:</p>\n<div>&nbsp;</div>","categoryIds":"4D0FFACA0C634335A08EEA5B5B8A5434"},{"label":"Employer sick pay","description":"You said your employer would continue to pay your full salary for &lt;xx&gt; weeks if you became ill or injured. Your employer would then continue to pay you a reduced salary of &lt;&pound;xxxx&gt; for a further &lt;xx&gt; weeks.","categoryIds":"4D0FFACA0C634335A08EEA5B5B8A5434"},{"label":"Other insurance","description":"You confirmed to me that you &lt;do/don&rsquo;t&gt; currently have other income protection insurance, which would pay you money while an illness or injury stopped you from working.&nbsp;","categoryIds":"4D0FFACA0C634335A08EEA5B5B8A5434"},{"label":"Savings","description":"<p>You told me you currently have &lt;&pound;xxxx&gt; in savings and you &lt;do/don&rsquo;t&gt; want to rely upon this money to meet your bills and other financial commitments if an illness or injury stopped you from working.</p>\n<p>After considering the above alternative options, the waiting period you could choose for Personal Sick Pay policy is &lt;day one/XX weeks&gt;.</p>\n<div>&nbsp;</div>","categoryIds":"4D0FFACA0C634335A08EEA5B5B8A5434"},{"label":"Waiting periods","description":"Taking into account what you told me above, (the length of time you would wait before LV&rsquo;s Personal Sick Pay pays out if you become too unwell to work) should be &lt;day one/XX weeks&gt;.","categoryIds":"4D0FFACA0C634335A08EEA5B5B8A5434"},{"label":"Day 1 Cover*","description":"<p>The Day one waiting period option is, where LV= will pay you from the first day you&rsquo;re sick or injured, although I explained you&rsquo;d need to be sick for three days in a row before you&rsquo;ll be able to claim.</p>\n<p>* delete as appropriate</p>\n<div>&nbsp;</div>","categoryIds":"4D0FFACA0C634335A08EEA5B5B8A5434"},{"label":"How much cover?","description":"<span>After reviewing your monthly financial commitments, outgoings and current income, I recommend you insure yourself for &lt;&pound;amount&gt; a month with Personal Sick Pay.</span>","categoryIds":"4D0FFACA0C634335A08EEA5B5B8A5434"},{"label":"For clients with Budget Personal Sick Pay and insurance up to £1,000 a month*","description":"<p>Because you normally work at least 30 hours a week, I&rsquo;ve recommended &lt;&pound;x&gt; a month Budget Personal Sick Pay as this is less than 60% of your current or future earnings. This works out at &lt;%&gt; of your normal earned income. As I explained, LV= won&rsquo;t make any deductions if you receive money from other income protection policies or injury and sickness insurance you&rsquo;re also claiming on for up to two years.</p>\n<p>If your earnings drop in the future then LV= will still guarantee to pay you your chosen amount of cover each month, as long as you were normally working at least 30 hours a week at the time of claim and receiving an income.</p>","categoryIds":"4D0FFACA0C634335A08EEA5B5B8A5434"},{"label":"For clients with Budget Personal Sick Pay and insurance more than £1,000 a month/working less than 30 hours a week*","description":"<p><span>The maximum amount of Personal Sick Pay insurance available is 60% of your current earned income before tax. I&rsquo;ve recommended &lt;&pound;&gt; a month Budget Personal Sick Pay, which works out at &lt;%&gt; of your normal earned income. As I explained, LV= will make deductions if you receive money from other income protection policies or injury and sickness insurance you&rsquo;re also claiming on.</span></p>\n<p>If your earnings fall in the future and you don&rsquo;t reduce the amount of insurance you have, it is possible you might have too much insurance. So, it&rsquo;s important to contact either myself or LV= if this happens, or you might not receive the full amount of insurance you have been paying for.</p>\n<div>&nbsp;</div>","categoryIds":"4D0FFACA0C634335A08EEA5B5B8A5434"},{"label":"For clients with Personal Sick Pay and insurance up to £1,000 a month","description":"<p>Because you normally work at least 30 hours a week and receive an income, I&rsquo;ve recommended &lt;&pound;x&gt; a month Personal Sick Pay. This works out at &lt;%&gt; of your normal earned income. As I explained, LV= won&rsquo;t make any deductions if you receive money from other income protection policies or injury and sickness insurance you&rsquo;re also claiming on.</p>\n<p>If your earnings drop in the future then LV= will still guarantee to pay you your chosen amount of cover each month for two years, as long as you were normally working at least 30 hours a week at the time of claim and receiving an income.</p>\n<p>If your claim lasts longer than two years, the maximum amount LV= will pay after two years will be the amount of your cover or 60% of your taxable earnings before you became too unwell to work, whichever is lower.</p>\n<div>&nbsp;</div>","categoryIds":"4D0FFACA0C634335A08EEA5B5B8A5434"},{"label":"For clients with Personal Sick Pay and insurance more than £1,000 a month/working less than 30 hours a week","description":"<p>\n<p style=\"line-height: normal;\"><span>The maximum amount of Personal Sick Pay insurance available is 60% of your current earned income before tax. I&rsquo;ve recommended &lt;&pound;&gt; a month Personal Sick Pay, which works out at &lt;%&gt; of your normal earned income. As I explained, LV= will make deductions if you receive money from any other income protection policies or injury and sickness insurance you&rsquo;re also claiming on.</span></p>\n</p>\n<p>If your earnings fall in the future and you don&rsquo;t reduce the amount of insurance you have, it is possible you might have too much insurance. So, it&rsquo;s important to contact either myself or LV= if this happens, or you might not receive the full amount of insurance you have been paying for.</p>\n<div>&nbsp;</div>","categoryIds":"4D0FFACA0C634335A08EEA5B5B8A5434"},{"label":"Finishing age*","description":"<p>We discussed that you&rsquo;d like your cover to end on &lt;insert selected end date&gt; because &lt;insert reason for cover to end, e.g. this is the age you wish to retire at&gt;.</p>\n<p>You told me you&rsquo;re currently unsure at what age you&rsquo;d like the policy to end. As a result, we decided to choose the latest possible finishing age available under LV= Personal Sick Pay (which is 70). This will give you the option of continuing your Personal Sick Pay cover to this age, but equally to cancel the policy at any time with no financial penalty.</p>","categoryIds":"4D0FFACA0C634335A08EEA5B5B8A5434"},{"label":"Inflation-linking","description":"<p>We discussed how the cost of living goes up over time (inflation). This means what you can buy with your money now, will be less with the same amount of money in the future.</p>\n<p>You decided you wanted your Personal Sick Pay to keep up with increases in the cost of living. So, I&rsquo;ve recommended that your insurance increases each year at the same rate as the Retail Prices Index (which is an independent guide to the cost of living). The price you pay will be recalculated each year to take into account the new, higher amount of insurance you have.*</p>\n<div>&nbsp;</div>","categoryIds":"4D0FFACA0C634335A08EEA5B5B8A5434"},{"label":"Level","description":"<span>You decided you didn&rsquo;t want your Personal Sick Pay to keep up with the cost of living, meaning the amount of insurance you have won&rsquo;t change and if you claimed in the future, the amount LV= will pay you will buy you less*</span>","categoryIds":"4D0FFACA0C634335A08EEA5B5B8A5434"},{"label":"Guaranteed future price tables","description":"<span>The premiums for this policy are guaranteed and I&rsquo;ve explained the cost of LV= Personal Sick Pay will only increase as you get older. So you'll always know in advance how much your premiums will go up by each year. I&rsquo;ve have given you your personalised illustration so you can see the cost of your policy over its term.</span>","categoryIds":"1A03C97998E74289ACB0104C0CDF13E1"},{"label":"Guaranteed future price tables – Inflation Linked","description":"<span>The premiums for this policy are guaranteed and I&rsquo;ve explained the cost of LV= Personal Sick Pay will increase as you get older. As I have recommended inflation linked cover, your premiums will increase in line with inflation. I&rsquo;ve have given you your personalised illustration so you can see the approximate cost of your policy over its term.</span>","categoryIds":"1A03C97998E74289ACB0104C0CDF13E1"},{"label":"Own occupation cover","description":"<p>Based on your occupation you'll be covered under 'own occupation' cover.</p>\n<p>This means the policy will pay out, after your waiting period if because of sickness or injury you're unable to do your usual occupation. You wouldn't be expected to go back to work in a different occupation, so whilst you're still unable to carry out the main duties of your usual occupation, and you aren't doing any other paid or unpaid work the policy will continue to pay out, [right up until the end of the policy term* / for 24 months*].</p>\n<p>However, if you've been unemployed for 31 days or more at the time you become sick or have an accident a claim will only be paid if you're unable to prepare a meal or do basic housework.</p>\n<p>* delete as appropriate</p>\n<div>&nbsp;</div>","categoryIds":"6D76C596D4C34C6B9F66C82510AEAEF1"},{"label":"Can I make changes once my policy has started","description":"<span>Your personal circumstances could change before your Personal Sick Pay comes to an end. For example, what you earn or your financial commitments could change. So, it&rsquo;s very important that you review your insurance on a regular basis to make sure it keeps up with your needs. If you wanted to increase your level of cover at a later date, you would need to apply for more Personal Sick Pay.</span>","categoryIds":"6D76C596D4C34C6B9F66C82510AEAEF1"},{"label":"Standard warnings protection products","description":"<p>[This policy / These policies] provide[s] protection only and [has/have] no cash in value at any time.</p>\n<p>If you don't pay your premiums your cover will stop.</p>\n<p>The amount of cover for any policy which pays out if you die may form part of your estate for inheritance tax purposes.</p>\n<div>&nbsp;</div>","categoryIds":"6D76C596D4C34C6B9F66C82510AEAEF1"},{"label":"Taxation of benefits: generic","description":"<p>Under current legislation, the amount of cover payable from your [plan/policy] is free of UK Income Tax and Capital Gains Tax. Any death benefits or other amounts paid out after you die may form part of your estate for inheritance tax purposes.</p>\n<p>You won't get tax relief on your premiums.</p>\n<p>The recommendations I've made are based on my understanding of current legislation and HM Revenue and Customs practice, which can change in the future.</p>\n<div>&nbsp;</div>","categoryIds":"AD7521FFB913480AA1710D95021E8523"},{"label":"Documents enclosed","description":"<p>Two copies of a personalised quotation from XX. If you would like to accept my recommendation, please sign, date and return one copy to me. The other copy is for your records. This quotation is only guaranteed until XXXXXX. Please return your paperwork to me as quickly as possible to help make sure your policy is set up within this timeframe.</p>\n<p>XX application form. I have completed this as far as I am able. Please complete the sections highlighted before signing and returning the application form.* XX key features or policy summary* document &ndash; this is for you to keep.</p>\n<p>XX key features or policy summary* document &ndash; this is for you to keep.</p>\n<p>Any other forms...</p>\n<p>Money laundering ID requirements...</p>\n<p>Pre-paid envelope...</p>\n<div>&nbsp;</div>","categoryIds":"CA53F2B610CE43159458EED94445AD37"},{"label":"Company Information","description":"<p>LV= is a trademark of Liverpool Victoria Financial Services Limited and a trading style of the Liverpool Victoria group of companies.</p>\n<p>&nbsp;</p>\n<p>LV= is one of the UK&rsquo;s leading life and pensions mutual insurers, working closely with financial advisers, serving over one million members and customers. As an investment, protection, retirement and in-house advice specialist LV= offers a range of products and services, mostly available through financial advisers, to help members and customers protect their income while they&rsquo;re working and maximise it when they stop.</p>","categoryIds":"2F875DF6144142688ED58B776A426ACF"},{"label":"Mutual bonus","description":"<p><span>As a mutual, LV= is focused on doing what's right for their members and customers. Since the mutual bonus was set up in 2011, LV= have rewarded their members with eligible policies for their support of the development and growth of the LV= business.</span></p>\n<p><span>&nbsp;</span></p>\n<p>\n<span>The board of directors will consider the financial performance of the business conducted in LVFS and its subsidiaries, past communications to members and LVFS's current and projected financial strength to decide whether they will award a mutual bonus to LV= with-profit policyholders. The LV= Fixed Term Annuity /LV=Fixed Term Investment is considered a with-profits policy.</span></p>\n<p><span>&nbsp;</span></p>\n<p>\n<span>Currently, any mutual bonus applied will be added to your plan after the first year of investment, helping give members an investment boost.</span></p>\n<p><span>&nbsp;</span></p>\n<p>\n<span>The&nbsp;</span>mutual bonus is declared yearly and is always at the sole discretion of the board. It isn't guaranteed to be paid every year and the level can vary. For this plan type there is a maximum bonus of 0.15% each year. In exceptional circumstances, the board may consider it necessary to remove previously awarded mutual bonuses, but they haven't chosen to do this to date.</p>","categoryIds":"2F875DF6144142688ED58B776A426ACF"},{"label":"Why LV=","description":"<p><strong>Mutuality</strong></p>\n<p>&nbsp;</p>\n<p>LV= does not have any shareholders and, as a mutual organisation, exists wholly for the benefit of its members. Together with its subsidiary companies, LV=&nbsp; is an insurance and financial services business in the United Kingdom.</p>\n<p>&nbsp;</p>\n<p><strong>Size</strong></p>\n<p>&nbsp;</p>\n<p>LV= heads the Liverpool Victoria group of companies and has over one million members and customers.&nbsp;</p>\n<p>&nbsp;</p>\n<p><strong>Member benefits&nbsp;</strong></p>\n<p>&nbsp;</p>\n<p>All members can access a host of member benefits. They&rsquo;ve been designed for moments in life when members might just need a little bit of extra support, or simply some comfort and reassurance. Member benefits include Care Navigator, member discounts and Member Support Fund.&nbsp;</p>\n<p>&nbsp;</p>\n<p>Members who have held a member-qualifying product for a continuous period of 12 months can attend and vote in our formal meetings such as the Annual General Meeting.&nbsp;<br />\nMore information can be found at LV.com/members&nbsp;&nbsp;</p>","categoryIds":"2F875DF6144142688ED58B776A426ACF"},{"label":"Attitude towards investment risk - customer","description":"<p>We have discussed your attitude towards investment risk in the context of retirement income.</p>\n<p>&nbsp;</p>\n<p>You have told me that as you have other sources of [income/pension income from X, of Y pa]/[assets], you would like to withdraw the whole of your X pension fund over a period of Y years and understand that there will be no further income available to you in the future from this fund once all the expected payments have been made.</p>\n<p>&nbsp;</p>\n<p>I have assumed your attitude towards risk for retirement income to be [cautious/balanced]. Our definition of this is:</p>\n<p>&nbsp;</p>\n<p>XXX</p>\n<p>&nbsp;</p>\n<p>If you do not agree with this, or have any concerns regarding our assessment of your attitude towards investment risk, please contact me urgently.</p>","categoryIds":"DD46C1C2A06C43C8B1F11044E39DD1A0"},{"label":"Fixed Term Investment (PRP) recommendation - introduction - customers","description":"<p>Dear Client</p>\n<p>&nbsp;</p>\n<p>LV= Fixed Term Annuity (Protected Retirement Plan) Recommendation</p>\n<p>&nbsp;</p>\n<p>I have completed my investigation of the market and would like to share with you with my recommendation for your retirement income. Please read it carefully and keep it in a safe place for future reference.</p>\n<p>&nbsp;</p>\n<p>Form of Advice</p>\n<p>&nbsp;</p>\n<p>You would like to make use of the Flexi-access Drawdown provisions to withdraw your entire XYZ pension plan. You will be subject to tax on these withdrawals and therefore would like to spread the payments over a number of years in order to reduce your income tax liability.</p>\n<p>&nbsp;</p>\n<p>You have asked me to investigate these policies and recommend a Flexi-access Drawdown contract from the whole of the market, which offers the most appropriate solution for your circumstances and the options we have discussed. This is known as &lsquo;focused&rsquo; advice, as you have not asked me to comment on any other aspect of your financial affairs. Please be aware that if I had undertaken a full investigation of your whole financial affairs my advice may be different.</p>\n<p>&nbsp;</p>\n<p>Personal Circumstances</p>\n<p>&nbsp;</p>\n<p>My recommendation is based upon the following information I hold for you:</p>\n<p>&nbsp;</p>\n<p>You are X years old</p>\n<p>&nbsp;</p>\n<p>You are married/single/etc</p>\n<p>&nbsp;</p>\n<p>You have no/x dependants</p>\n<p>&nbsp;</p>\n<p>You are a basic rate/higher rate taxpayer</p>\n<p>&nbsp;</p>\n<p>Existing Pensions</p>\n<p>&nbsp;</p>\n<p>You have X personal pension policies with XX and XX. We have fully investigated these policies and can confirm the following:</p>\n<p>&nbsp;</p>\n<p>There are no guaranteed annuity rates</p>\n<p>&nbsp;</p>\n<p>There are no market value adjusters (currently) applying</p>\n<p>&nbsp;</p>\n<p>There is a small early exit penalty of &pound;XX. You have confirmed you are happy to accept this.</p>\n<p>&nbsp;</p>\n<p>Both policies have been switched into cash</p>\n<p>&nbsp;</p>\n<p>The current value of these policies (as provided by XX and XX on DATE) is as follows:</p>\n<p>&nbsp;</p>\n<p>Company</p>\n<p>&nbsp;</p>\n<p>Policy Number</p>\n<p>&nbsp;</p>\n<p>Current Fund Value</p>\n<p>&nbsp;</p>\n<p>TOTAL</p>\n<p>&nbsp;</p>\n<p>&pound;</p>\n<p>&nbsp;</p>\n<p>You are entitled to receive 25% of the total value of your policies as a tax-free lump. This is known as the pension commencement lump sum (PCLS). Based on the total value above, you are therefore entitled to receive a PCLS of &pound;XX, leaving the balance (&pound;XX) in Flexi-access Drawdown, to be withdrawn in equal instalments over the next X years.</p>","categoryIds":"DD46C1C2A06C43C8B1F11044E39DD1A0"},{"label":"Annuity Options - customer","description":"<p>We have discussed each of the available annuity options and you have chosen the following:</p>\n<p>&nbsp;</p>\n<p>Pension Commencement Lump Sum &ndash; you would like to take your full PCLS entitlement. This is equivalent to 25% of the total value of your pension plans.</p>\n<p>&nbsp;</p>\n<p>Beneficiary&rsquo;s income &ndash; you have told me your spouse/partner has sufficient pension benefits of their own and that you have both discussed the possibility of including a spouse&rsquo;s pension. Therefore your spouse/partner will not receive any further income from this plan in the event of your death.</p>\n<p>&nbsp;</p>\n<p>OR</p>\n<p>&nbsp;</p>\n<p><span>You have chosen to include Plan Protection as a benefit under your Fixed Term Annuity (PRP). This means that should you die during the term, the income and Guaranteed Maturity Value will continue to be paid for the rest of the plan term. If your beneficiary choses not to continue with the plan they can use the conversion option to end the plan immediately, swopping any income and or GMV for a lump sum.</span></p>\n<p>&nbsp;</p>\n<p>Enhanced/impaired life annuity &ndash; you have told me that you&rsquo;ve never smoked, don&rsquo;t drink much, aren&rsquo;t overweight and have never suffered from any illness or condition that involved taking any prescribed medication or any hospital treatment. I have not therefore investigated the possibility of enhanced or impaired annuities for you.</p>\n<p>&nbsp;</p>\n<p>OR</p>\n<p>&nbsp;</p>\n<p>Based on your lifestyle and medical history you currently qualify for an enhancement from a lifetime annuity and we have discussed the income you have been offered by X company. However you do not wish to make use of an enhanced annuity at this time.</p>\n<p>&nbsp;</p>\n<p>Value Protection &ndash; you felt that the relative cost of including value protection for your annuity was too high.</p>\n<p>&nbsp;</p>\n<p>OR</p>\n<p>&nbsp;</p>\n<p>You have chosen to include XXX% Value Protection as a benefit under your Fixed Term Annuity (PRP). This means that should you die during the term an amount equal to your chosen Value Protection amount less the total income paid will become payable as a lump sum. This will be paid tax-free if you die before age 75. If you die at age 75 or older, it will be taxed at the beneficiary&rsquo;s income tax rate.</p>\n<p>&nbsp;</p>\n<p>Frequency - You wish to withdraw your pension monthly/quarterly/half-yearly/yearly in advance/arrears.</p>\n<p>&nbsp;</p>\n<p>In summary, I have researched the whole of the market to find the most appropriate provider for a fixed-term annuity based on the following:</p>\n<p>&nbsp;</p>\n<p>PCLS of &pound;XX leaving &pound;XX to go into Flexi-access Drawdown</p>\n<p>&nbsp;</p>\n<p>Payable [monthly] [in arrears]</p>\n<p>&nbsp;</p>\n<p>With a beneficiary&rsquo;s income of &pound;X/Value protection of &pound;X</p>\n<p>&nbsp;</p>\n<p>You do not qualify for an enhanced or impaired annuity rate</p>\n<p>&nbsp;</p>\n<p>I recommend you take out a fixed-term annuity with LV= as they offer a product that can release the whole of your pension fund over the term you requested. This flexibility suits your current circumstances.</p>","categoryIds":"CCFC0DB0F9734BFBA277C3FBB0EDE0E6"},{"label":"Outcome type","description":"<p><span>You have asked to receive a Guaranteed Maturity Value which means at the maturity date, LV= guarantee the amount payable. LV= can&rsquo;t guarantee the income it will provide &ndash; this depends on the economic and investment conditions at the time. With this option you understand that a minimal income is required to be paid to meet regulation but it will be held within the plan and this will subsequently be paid with the maturity value</span></p>\n<p>&nbsp;</p>\n<p>Or</p>\n<p>&nbsp;</p>\n<p>You have asked to receive an income from the plan until it exhausts which means LV= guarantees to pay an amount of income until the fund has depleted.&nbsp; As the whole fund is taken as income, no lump sum will be paid when your plan ends.&nbsp;&nbsp;</p>\n<p>&nbsp;</p>\n<p>Or</p>\n<p>&nbsp;</p>\n<p>You have asked to receive a guaranteed income and a guaranteed maturity value which means LV= guarantee both the income and the lump sum, so you&rsquo;ll know from the outset exactly what you&rsquo;ll get back, and when.</p>","categoryIds":"CCFC0DB0F9734BFBA277C3FBB0EDE0E6"},{"label":"Cancellation Rights","description":"You have the statutory right to cancel this contract within 30 days etc...","categoryIds":"BE4663B3B2AE49F9B947D354083E0B6B"},{"label":"Fixed Term Annuity for flexi-access drawdown - customer","description":"<p>This is a recommendation for a fixed-term annuity. Technically, this is not a lifetime annuity, but what is known as a drawdown contract. This means there is a greater degree of flexibility than you would get from a lifetime annuity regarding the amount you can withdraw and the length of the contract, which will only run for a fixed period of time (rather than for the whole of your life).</p>\n<p>Because you are going to withdraw your entire pension fund over this fixed period, there is no guaranteed maturity value and the contract will end with no value at the end of the term.</p>\n<p>How it works</p>\n<p>A fixed-term annuity is set up for a specific period of time. You can take your full 25% tax-free cash at outset and you decide (within set parameters) how much income you wish to receive during that period of time.</p>\n<p>As you wish to withdraw the whole of your fund over a fixed period, the insurance company will divide your remaining pension fund by the term of the contract and pay you this amount every year (with an allowance for charges and addition of investment return).</p>\n<p>There are many different ways of taking a retirement income, using different products such as drawdown, investment-linked annuities and guaranteed lifetime annuities. We have discussed these options fully. You want to make use of the Flexi-access Drawdown provisions and understand that by withdrawing the whole of your pension fund over X years you will have nothing left to provide you with an additional income in the future if your circumstances change.</p>\n<p>Once you&rsquo;ve taken an &rsquo;income&rsquo; from your Flexi-access Drawdown, the amount you, your employer, or anyone else on your behalf can contribute to another Money Purchase scheme (the Money Purchase Annual Allowance or MPAA) and get tax relief on it, drops from &pound;60,000 a year to &pound;10,000 a year. If you go over this limit you will be subject to a tax charge.</p>\n<p>You&rsquo;ll also have 91 days to let any other Money Purchase schemes you, your employer or anyone else contributes to, now that you&rsquo;ve triggered the Money Purchase Annual.</p>\n<div>&nbsp;</div>","categoryIds":"BE4663B3B2AE49F9B947D354083E0B6B"},{"label":"Financial Services Compensation Scheme","description":"<p>In the unlikely event that XX is unable to meet their annuity liabilities in full, the Financial Services Compensation Scheme guarantees that you will continue to receive 100% of the annuity you were receiving.</p>","categoryIds":"BE4663B3B2AE49F9B947D354083E0B6B"},{"label":"Conclusion","description":"<p>I trust this recommendation letter and the enclosures are clear and meet your retirement income needs. Should you have any questions at all please do not hesitate to give me a ring, otherwise I look forward to receiving your paperwork back as quickly as possible.</p>\n<p>How much tax you pay depends on your personal circumstances. For details of how benefits from your plan will be taxed, please see the Key Features document.</p>\n<p>Any references to taxation are based on my understanding of current legislation and HM Revenue &amp; Customs practice, both of which can change.</p>\n<p>Yours etc...</p>\n<div>&nbsp;</div>","categoryIds":"DA4F337EB4D842A88120052CE8008384"},{"label":"Documents enclosed","description":"<p>In order to support my recommendation, please find enclosed the following:</p>\n<p>Two copies of a personalised quotation from XX. In order to accept my recommendation, please sign, date and return one quotation to me. The other is for you to keep for your records. This quote is only guaranteed until XXXXXX. Please return your paperwork to me as quickly as possible to help me make sure your annuity is set up within this timeframe.</p>\n<p>XX application form. I have completed this as far as I am able. Please complete the sections highlighted before signing and returning the application form to me.</p>\n<p>XX key features document &ndash; this is for you to keep.</p>\n<p>XX terms and conditions &ndash; this is for you to keep.</p>\n<p>XX cancellation notice &ndash; please ONLY return this if you decide you do not wish to proceed with this application.</p>\n<p>Transfer forms from your existing pension providers &ndash; please sign and complete these where indicated before returning them to me.</p>\n<p>Original policy documents (where required)...<br />\nAny other forms...<br />\nMoney laundering ID requirements...<br />\nPre-paid envelope...<br />\nInvoice/Instruction to authorise payment of adviser fee</p>\n<div>&nbsp;</div>","categoryIds":"DA4F337EB4D842A88120052CE8008384"},{"label":"LV Protected Retirement Plan - recommendation - trustee","description":"<p>Dear Client</p>\n<p>LV= Protected Retirement Plan Recommendation</p>\n<p>You have asked me to recommend an investment for your pension scheme to provide you with a level of retirement income.</p>\n<p>The plan is set up as a Trustee Investment Plan as an investment of an existing registered pension scheme. The trustees give LV= an agreed amount of pension fund to invest, and LV= then set up a Protected Retirement Plan and pay the trustees of the scheme any income and lump sum benefits that become payable from the plan. The plan provides a guaranteed sum (called the &lsquo;guaranteed maturity value&rsquo;), if you live until the end of the plan (called the &lsquo;maturity date&rsquo;). At the maturity date you can ask your scheme trustees to invest the guaranteed maturity value, including investing in another fixed term annuity (if you and the scheme are still eligible). You can choose for the trustees of your scheme to receive an income throughout the plan term as well as death benefits if you die before the maturity date. Alternatively, the whole amount can be paid as a lump sum (subject to tax).</p>\n<p>LV= will pay any income or death benefits from this plan directly to the trustees of your scheme. The Scheme Administrator of your pension scheme will be responsible for any appropriate deduction of tax relating to any income or death benefits that are then paid to you or your beneficiaries.</p>\n<div>&nbsp;</div>","categoryIds":"0A0F8BF155154315A918BA41547D5740"},{"label":"Death Benefit Option - trustee","description":"<p>The Protected Retirement Plan offers two types of death benefit options. There doesn&rsquo;t have to be a death benefit with the plan, but if it&rsquo;s required you can only ask the trustees to choose one type. They are:</p>\n<p>Value protection, up to 100% of the amount invested (less any income paid) payable if you die before the end of the plan. If you die before the maturity date LV= will pay out a lump sum to your scheme. The lump sum will be the percentage of the fund you chose to protect, for example 100%, less the income already paid to your scheme and may be subject to tax, depending on your age at death. Obviously if this turns out to be less than zero nothing will be paid.</p>\n<p>Plan protection &ndash; If you ask the trustees to choose this the income and guaranteed maturity value will be payable for the full plan term even if you die during this time. If your beneficiary(s) don&rsquo;t want or aren&rsquo;t able to keep your existing pension running as beneficiary&rsquo;s drawdown under the scheme, they can ask the scheme trustees to either use the conversion option or transfer the existing plan to your beneficiary&rsquo;s new SIPP provider. If the conversion option isn&rsquo;t used, at the end of the plan term, the guaranteed maturity value will be paid to the scheme trustees, for them to reinvest or distribute at their discretion.</p>\n<p>If you ask the trustees to choose either of these death benefit options, the guaranteed maturity value will normally be lower than if they don&rsquo;t choose any.</p>\n<div>&nbsp;</div>","categoryIds":"EB493607C4574B2A8CC5984717F0D072"},{"label":"Can I end my plan early if my circumstances change? - trustee","description":"<p>The LV= Protected Retirement Plan allows you to instruct your SIPP provider to end the plan at any time. If you do this, LV= will send the proceeds to your trustees or scheme administrators. This means that you won&rsquo;t have to wait until your plan is due to end if r your circumstances change. There are no fees or charges for ending your plan early, but the conversion value is not guaranteed and you may find the value at the point of conversion is less than the sum of the remaining benefits or the amount originally invested. Once encashed, you can then instruct your trustees how to use the value of your plan, going forward.</p>\n<p>Your transfer value may be significantly less than your Guaranteed Maturity Value if you transfer out in the early years or if investment conditions have worsened since you took the plan out.<br />\nThis feature is explained in full within the Plan Conditions.</p>\n<p>&bull; LV= has quoted a monthly/three monthly/half-yearly/yearly income of &pound;xxxx each year. The plan term is xx years / to xx birthday. Income is guaranteed as long as you live for the full term of the plan.<br />\n&bull; The Plan will end on the xx/xx/xxxx at which point as long as you&rsquo;re alive LV= will pay the Guaranteed Maturity Value amount of &pound;xxxxxxxx to your scheme.</p>\n<p>&bull; You have asked to include 100% Value Protection as a benefit under the Protected Retirement Plan. This means that should you die during the term an amount equal to your original amount invested less the total of income paid will become payable to your scheme.</p>\n<p>&bull; You have asked to include Plan Protection. If you die within the term of the plan, the plan will continue and any remaining income payments and guaranteed maturity value will continue for the full plan term to your scheme, for the scheme trustees to reinvest or distribute at their discretion. If your beneficiary(s) are unable or do not wish to continue membership of your pension scheme, the plan can be encashed or transferred to a new provider.</p>\n<p>&bull; You have asked to select an income that increases by xx% a year. If inflation is higher than this, then the purchasing power of this income will reduce.<br />\n&bull; Any references to taxation are based on my understanding of current legislation and HM Revenue &amp; Customs practice which can change.</p>\n<div>&nbsp;</div>","categoryIds":"41536796755A471D8789B8DB69D9CC33"},{"label":"Protected Retirement Plan options - trustee","description":"<p>&bull; Your scheme trustees can invest from as little as &pound;10,000 in a plan, with no upper limit. Investments over &pound;500,000 are considered on an individual basis.</p>\n<p>&bull; You can ask the trustees to pick any term between three and 25 years. You can ask the trustees to invest as long as you are 40 or over when the plan starts and your SIPP provider allows it as an investment.</p>\n<p>&bull; Provided you survive until the end of the plan term, LV= will pay a guaranteed maturity value to the trustees. Should you and the trustees wish, this could be used to invest in another Protected Retirement Plan (if you are still eligible and your scheme still allows it as an investment). The income chosen depends on the size of the pension fund invested in the plan and the term of the plan. It is possible to choose no income at all.</p>\n<p>&bull; You can ask the trustees to choose for any income to be paid monthly, every three months, every six months, or every year.</p>\n<p>&bull; The first income payment can be paid as soon as the plan starts (commonly known as &lsquo;in advance&rsquo;), or at the end of the first payment period (commonly known as &lsquo;in arrears&rsquo;).</p>\n<p>&bull; The guaranteed maturity value depends on:<br />\no The size of the pension fund invested in the plan<br />\no The plan term<br />\no Your age<br />\no The level of income chosen, if any, and when it is chosen to be paid, for example monthly<br />\no Plan options chosen<br />\no The death benefit options chosen</p>\n<p>The guaranteed maturity value is shown in the quote I&rsquo;ve provided you with.</p>\n<div>&nbsp;</div>","categoryIds":"41536796755A471D8789B8DB69D9CC33"},{"label":"Adviser remuneration ","description":"We have agreed adviser remuneration with you of X% and our invoice is enclosed/this is shown on the enclosed quotation. This will be taken from your annuity/pension fund after the tax-free cash as shown on the enclosed quotation etc... (as appropriate).<br />\n<div>&nbsp;</div>","categoryIds":"12396AF07A6B484EA02C7334D2CA7F70"},{"label":"Cancellation rights","description":"You have the statutory right to cancel this contract within 30 days etc...<br />\n<div>&nbsp;</div>","categoryIds":"12396AF07A6B484EA02C7334D2CA7F70"},{"label":"Financial Services Compensation Scheme","description":"In the unlikely event that XX is unable to meet their annuity liabilities in full, the Financial Services Compensation Scheme guarantees that you will continue to receive 100% of the annuity you were receiving.<br />\n<div>&nbsp;</div>","categoryIds":"12396AF07A6B484EA02C7334D2CA7F70"},{"label":"Conclusion","description":"<p>I trust this recommendation letter and the enclosures are clear and meet your retirement income needs. Should you have any questions at all please do not hesitate to give me a ring, otherwise I look forward to receiving your paperwork back as quickly as possible.</p>\n<p>How much tax you pay depends on your personal circumstances. For details of how benefits from your plan will be taxed, please see the Key Features document.</p>\n<p>Any references to taxation are based on my understanding of current legislation and HM Revenue &amp; Customs practice, both of which can change.</p>\n<p>Yours etc...</p>\n<div>&nbsp;</div>","categoryIds":"6C8D6FA663B14F64BD7A6C0C4613DF42"},{"label":"Documents enclosed","description":"<p>In order to support my recommendation, please find enclosed the following:</p>\n<p>Two copies of a personalised quotation from XX. In order to accept my recommendation, please sign, date and return one quotation to me. The other is for you to keep for your records. This quote is only guaranteed until XXXXXX. Please return your paperwork to me as quickly as possible to help me make sure your annuity is set up within this timeframe.</p>\n<p>XX application form. I have completed this as far as I am able. Please complete the sections highlighted before signing and returning the application form to me.</p>\n<p>XX key features document &ndash; this is for you to keep.</p>\n<p>XX terms and conditions &ndash; this is for you to keep.</p>\n<p>XX cancellation notice &ndash; please ONLY return this if you decide you do not wish to proceed with this application.</p>\n<p>Transfer forms from your existing pension providers &ndash; please sign and complete these where indicated before returning them to me.</p>\n<p>Original policy documents (where required)...<br />\nAny other forms...<br />\nMoney laundering ID requirements...<br />\nPre-paid envelope...<br />\nInvoice/Instruction to authorise payment of adviser fee</p>\n<div>&nbsp;</div>","categoryIds":"6C8D6FA663B14F64BD7A6C0C4613DF42"},{"label":"Company information","description":"<p>LV= is a trademark of Liverpool Victoria Financial Services Limited and a trading style of the Liverpool Victoria group of companies.</p>\n<p>&nbsp;</p>\n<p>LV= is one of the UK&rsquo;s leading life and pensions mutual insurers, working closely with financial advisers, serving over one million members and customers. As an investment, protection, retirement and in-house advice specialist LV= offers a range of products and services, mostly available through financial advisers, to help members and customers protect their income while they&rsquo;re working and maximise it when they stop.</p>","categoryIds":"D858D06873ED4F6DAAEE1EA96A93A224"},{"label":"Mutual bonus","description":"<p><span>As a mutual, LV= is focused on doing what's right for their members and customers. Since the mutual bonus was set up in 2011, LV= have rewarded their members with eligible policies for their support of the development and growth of the LV= business.</span></p>\n<p><span>&nbsp;</span></p>\n<p>\n<span>The board of directors will consider the financial performance of the business conducted in LVFS and its subsidiaries, past communications to members and LVFS's current and projected financial strength to decide whether they will award a mutual bonus to LV= with-profit policyholders. The LV= Fixed Term Annuity /LV=Fixed Term Investment is considered a with-profits policy.</span></p>\n<p><span>&nbsp;</span></p>\n<p>\n<span>Currently, any mutual bonus applied will be added to your plan after the first year of investment, helping give members an investment boost.</span></p>\n<p><span>&nbsp;</span></p>\n<p>\n<span>The&nbsp;</span>mutual bonus is declared yearly and is always at the sole discretion of the board. It isn't guaranteed to be paid every year and the level can vary. For this plan type there is a maximum bonus of 0.15% each year. In exceptional circumstances, the board may consider it necessary to remove previously awarded mutual bonuses, but they haven't chosen to do this to date.</p>","categoryIds":"D858D06873ED4F6DAAEE1EA96A93A224"},{"label":"Why LV=","description":"<p><strong>Mutuality</strong></p>\n<p>&nbsp;</p>\n<p>LV= does not have any shareholders and, as a mutual organisation, exists wholly for the benefit of its members. Together with its subsidiary companies, LV=&nbsp; is an insurance and financial services business in the United Kingdom.</p>\n<p>&nbsp;</p>\n<p><strong>Size</strong></p>\n<p>&nbsp;</p>\n<p>LV= heads the Liverpool Victoria group of companies and has over one million members and customers.&nbsp;</p>\n<p>&nbsp;</p>\n<p><strong>Member Discounts</strong></p>\n<p><strong>&nbsp;</strong></p>\n<p>All members qualify for discounts of up to 10% on a range of general insurance products including car and home insurance provided by LV= General Insurance Group, a subsidiary of Allianz Holdings plc.</p>\n<p>&nbsp;</p>\n<p>As a member, you will be entitled to attend the company's formal meetings and vote on company matters when you have held your membership-conferring product for a continuous period of twelve months. Full membership terms and conditions available on request.</p>\n<p>&nbsp;</p>","categoryIds":"D858D06873ED4F6DAAEE1EA96A93A224"},{"label":"Fixed Term Investment - recommendation - trustee","description":"<p>Dear Client</p>\n<p>&nbsp;</p>\n<p>LV= Fixed Term Investment (Protected Retirement Plan TIP) Recommendation</p>\n<p>&nbsp;</p>\n<p>You have asked me to recommend an investment for your pension scheme to provide you with a level of retirement income.</p>\n<p>&nbsp;</p>\n<p>The plan is set up as a Trustee Investment Plan as an investment of an existing registered pension scheme. The trustees give LV= an agreed amount of pension fund to invest, and LV= then set up a Fixed Term Investment (Protected Retirement Plan TIP) and pay the trustees of the scheme any income and lump sum benefits that become payable from the plan. The plan provides a guaranteed sum (called the &lsquo;guaranteed maturity value&rsquo;), if you live until the end of the plan (called the &lsquo;maturity date&rsquo;). At the maturity date you can ask your scheme trustees to invest the guaranteed maturity value, including investing in another fixed term annuity (if you and the scheme are still eligible). You can choose for the trustees of your scheme to receive an income throughout the plan term as well as death benefits if you die before the maturity date. Alternatively, the whole amount can be paid as a lump sum (subject to tax).</p>\n<p>&nbsp;</p>\n<p>LV= will pay any income or death benefits from this plan directly to the trustees of your scheme. The Scheme Administrator of your pension scheme will be responsible for any appropriate deduction of tax relating to any income or death benefits that are then paid to you or your beneficiaries.</p>","categoryIds":"29C69EEB84B548309386C25A68E2DE4C"},{"label":"Death Benefit Option - trustee","description":"<p>The Fixed Term Investment (PRP) offers two types of death benefit options. There doesn&rsquo;t have to be a death benefit with the plan, but if it&rsquo;s required you can only ask the trustees to choose one type. They are:</p>\n<p>&nbsp;</p>\n<p>Value protection, up to 100% of the amount invested (less any income paid) payable if you die before the end of the plan. If you die before the maturity date LV= will pay out a lump sum to your scheme. The lump sum will be the percentage of the fund you chose to protect, for example 100%, less the income already paid to your scheme and may be subject to tax, depending on your age at death.</p>\n<p>&nbsp;</p>\n<p>Obviously if this turns out to be less than zero nothing will be paid.</p>\n<p>&nbsp;</p>\n<p>Plan protection &ndash; If you ask the trustees to choose this the income and guaranteed maturity value will be payable for the full plan term even if you die during this time. If your beneficiary(s) don&rsquo;t want or aren&rsquo;t able to keep your existing pension running as beneficiary&rsquo;s drawdown under the scheme, they can ask the scheme trustees to either use the conversion option or transfer the existing plan to your beneficiary&rsquo;s new SIPP provider. If the conversion option isn&rsquo;t used, at the end of the plan term, the guaranteed maturity value will be paid to the scheme trustees, for them to reinvest or distribute at their discretion.</p>\n<p>&nbsp;</p>\n<p>If you ask the trustees to choose either of these death benefit options, the guaranteed maturity value will normally be lower than if they don&rsquo;t choose any.</p>","categoryIds":"68A3FA5BD93D44EEB1BC3548BC5D79B0"},{"label":"Can I end my plan early if my circumstances change? - trustee","description":"<p>The Fixed Term Investment (PRP) allows you to instruct your SIPP provider to end the plan at any time. If you do this, LV= will send the proceeds to your trustees or scheme administrators. This means that you won&rsquo;t have to wait until your plan is due to end if your circumstances change. There are no fees or charges for ending your plan early, but the conversion value is not guaranteed and you may find the value at the point of conversion is less than the sum of the remaining benefits or the amount originally invested. Once encashed, you can then instruct your trustees how to use the value of your plan, going forward.</p>\n<p>&nbsp;</p>\n<p>&nbsp;</p>\n<p>Your transfer value may be significantly less than your Guaranteed Maturity Value if you transfer out in the early years or if investment conditions have worsened since you took the plan out.</p>\n<p>&nbsp;</p>\n<p>This feature is explained in full within the Plan Conditions.</p>\n<p>&nbsp;</p>\n<ul>\n    <li>LV= has quoted a monthly/three monthly/half-yearly/yearly income of &pound;X each year. The plan term is xx years / to xx birthday. Income is guaranteed as long as you live for the full term of the plan.</li>\n    <li>The Plan will end on the DD/MM/YYYY at which point as long as you&rsquo;re alive LV= will pay the Guaranteed Maturity Value amount of &pound;X to your scheme.</li>\n    <li><span>You have asked to include 100% Value Protection as a benefit under the Fixed Term Investment (PRP). This means that should you die during the term an amount equal to your original amount invested less the total of income paid will become payable to your scheme.</span></li>\n    <li>You have asked to include Plan Protection. If you die within the term of the plan, the plan will continue and any remaining income payments and guaranteed maturity value will continue for the full plan term to your scheme, for the scheme trustees to reinvest or distribute at their discretion. If your beneficiary(s) are unable or do not wish to continue membership of your pension scheme, the plan can be encashed or transferred to a new provider.</li>\n    <li>You have asked to select an income that increases by xx% a year. If inflation is higher than this, then the purchasing power of this income will reduce.</li>\n    <li>Any references to taxation are based on my understanding of current legislation and HM Revenue &amp; Customs practice which can change.</li>\n</ul>","categoryIds":"68A3FA5BD93D44EEB1BC3548BC5D79B0"},{"label":"Fixed Term Investment (PRP) - trustee","description":"<ul>\n    <li>Your scheme trustees can invest from as little as &pound;10,000 in a plan, with no upper limit. Investments over &pound;500,000 are considered on an individual basis.</li>\n    <li>You can ask the trustees to pick any term between three and 25 years. You can ask the trustees to invest as long as you are 40 or over when the plan starts, and your SIPP provider allows it as an investment.</li>\n    <li><span>Provided you survive until the end of the plan term, LV= will pay a guaranteed maturity value to the trustees. Should you and the trustees wish, this could be used to invest in another Fixed Term Investment (PRP) (if you are still eligible and your scheme still allows it as an investment). The income chosen depends on the size of the pension fund invested in the plan and the term of the plan. It is possible to choose no income at all.</span></li>\n    <li>You can ask the trustees to choose for any income to be paid monthly, every three months, every six months, or every year.</li>\n    <li>The first income payment can be paid as soon as the plan starts (commonly known as &lsquo;in advance&rsquo;), or at the end of the first payment period (commonly known as &lsquo;in arrears&rsquo;).</li>\n    <li>The guaranteed maturity value depends on:</li>\n</ul>\n<p>&nbsp;</p>\n<p style=\"margin-left: 40px;\">o The size of the pension fund invested in the plan<br />\no The plan term<br />\no Your age<br />\no The level of income chosen, if any, and when it is chosen to be paid, for example monthly<br />\no Plan options chosen<br />\no The death benefit options chosen</p>\n<p>&nbsp;</p>\n<p>The guaranteed maturity value is shown in the quote I&rsquo;ve provided you with.</p>","categoryIds":"68A3FA5BD93D44EEB1BC3548BC5D79B0"},{"label":"Outcome type","description":"<p><span>You have asked to receive a Guaranteed Maturity Value which means at the maturity date, LV= guarantee the amount payable. LV= can&rsquo;t guarantee the income it will provide &ndash; this depends on the economic and investment conditions at the time. With this option you understand that a minimal income is required to be paid to meet regulation but it will be held within the plan and this will subsequently be paid with the maturity value</span></p>\n<p>&nbsp;</p>\n<p>Or</p>\n<p>&nbsp;</p>\n<p>You have asked to receive an income from the plan until it exhausts which means LV= guarantees to pay an amount of income until the fund has depleted.&nbsp; As the whole fund is taken as income, no lump sum will be paid when your plan ends.&nbsp;&nbsp;</p>\n<p>&nbsp;</p>\n<p>Or</p>\n<p>&nbsp;</p>\n<p>You have asked to receive a guaranteed income and a guaranteed maturity value which means LV= guarantee both the income and the lump sum, so you&rsquo;ll know from the outset exactly what you&rsquo;ll get back, and when.</p>","categoryIds":"68A3FA5BD93D44EEB1BC3548BC5D79B0"},{"label":"Adviser Remuneration","description":"<p>We have agreed adviser remuneration with you of X% and our invoice is enclosed/this is shown on the enclosed quotation. This will be taken from your annuity/pension fund after the tax-free cash as shown on the enclosed quotation etc... (as appropriate).</p>","categoryIds":"2C221AB7816440E99B71EC5C2944F637"},{"label":"Cancellation Rights","description":"You have the statutory right to cancel this contract within 30 days etc&hellip;","categoryIds":"2C221AB7816440E99B71EC5C2944F637"},{"label":"Financial Services Compensation Scheme","description":"In the unlikely event that XX is unable to meet their annuity liabilities in full, the Financial Services Compensation Scheme guarantees that you will continue to receive 100% of the annuity you were receiving.","categoryIds":"2C221AB7816440E99B71EC5C2944F637"},{"label":"Conclusion","description":"<p>I trust this recommendation letter and the enclosures are clear and meet your retirement income needs. Should you have any questions at all please do not hesitate to give me a ring, otherwise I look forward to receiving your paperwork back as quickly as possible.</p>\n<p>&nbsp;</p>\n<p>How much tax you pay depends on your personal circumstances. For details of how benefits from your plan will be taxed, please see the Key Features document.</p>\n<p>&nbsp;</p>\n<p>Any references to taxation are based on my understanding of current legislation and HM Revenue &amp; Customs practice, both of which can change.</p>\n<p>&nbsp;</p>\n<p>Yours etc...</p>","categoryIds":"61662E549ED041D29B123B49059A549D"},{"label":"Documents enclosed","description":"<p>In order to support my recommendation, please find enclosed the following:</p>\n<p>&nbsp;</p>\n<p>Two copies of a personalised quotation from XX. In order to accept my recommendation, please sign, date and return one quotation to me. The other is for you to keep for your records. This quote is only guaranteed until XXXXXX. Please return your paperwork to me as quickly as possible to help me make sure your annuity is set up within this timeframe.</p>\n<p>&nbsp;</p>\n<p>XX application form. I have completed this as far as I am able. Please complete the sections highlighted before signing and returning the application form to me.</p>\n<p>&nbsp;</p>\n<p>XX key features document &ndash; this is for you to keep.</p>\n<p>&nbsp;</p>\n<p>XX terms and conditions &ndash; this is for you to keep.</p>\n<p>&nbsp;</p>\n<p>XX cancellation notice &ndash; please ONLY return this if you decide you do not wish to proceed with this application.</p>\n<p>&nbsp;</p>\n<p>Transfer forms from your existing pension providers &ndash; please sign and complete these where indicated before returning them to me.</p>\n<p>&nbsp;</p>\n<p>Original policy documents (where required)...</p>\n<p>&nbsp;</p>\n<p>Any other forms...</p>\n<p>&nbsp;</p>\n<p>Money laundering ID requirements...</p>\n<p>&nbsp;</p>\n<p>Pre-paid envelope...</p>\n<p>&nbsp;</p>\n<p>Invoice/Instruction to authorise payment of adviser fee</p>","categoryIds":"61662E549ED041D29B123B49059A549D"},{"label":"Introduction","description":"<p>The LV= SIPP (Flexible Transitions Account) is designed as a single plan to accept multiple transfer sources including single and regular contributions and transfer values.</p>\n<p>&nbsp;</p>\n<p>The LV= SIPP (Flexible Transitions Account) is a retirement plan which enables customers to consolidate all their pension arrangements within a single investment wrapper.</p>\n<p>&nbsp;</p>\n<p>The LV= SIPP (Flexible Transitions Account) offers a simple wrapper charging structure with the flexibility to move between investment and benefit options within the same plan without the requirement for complex internal transfers and large amounts of paperwork.</p>\n<p>&nbsp;</p>\n<p>The LV= SIPP (Flexible Transitions Account) is targeted at individuals approaching retirement wishing to either consolidate and/or take benefits from their plan. This makes the plan suitable for clients who understand the need for initial and ongoing advice in return for a full range of investment options and income flexibility.</p>\n<p>&nbsp;</p>\n<p>The following premium types can be accepted into the plan:</p>\n<p>&nbsp;</p>\n<ul>\n    <li>Single and regular employee and employer contributions</li>\n    <li>Transfers from other schemes (including pension sharing credits)</li>\n</ul>\n<p>&nbsp;</p>\n<p>The LV= SIPP (Flexible Transitions Account) will have a bank account for the purposes of managing credits and debits within the plan. If there is a credit balance on your bank account, LV= will add interest to the cleared balances, at 1% below the Bank of England base rate until further notice. This will mean that for any period where the Bank of England base rate is 1% or less LV= will add no interest to the bank account. Any interest will accrue daily and be credited quarterly.</p>","categoryIds":"5476349422B041D09E4129B8A0D3FE60"},{"label":"Company information","description":"<p>LV= is a trademark of Liverpool Victoria Financial Services Limited and a trading style of the Liverpool Victoria group of companies.</p>\n<p>&nbsp;</p>\n<p>LV= is one of the UK&rsquo;s leading life and pensions mutual insurers, working closely with financial advisers, serving over one million members and customers. As an investment, protection, retirement and in-house advice specialist LV= offers a range of products and services, mostly available through financial advisers, to help members and customers protect their income while they&rsquo;re working and maximise it when they stop.</p>","categoryIds":"E1DDA22F4DC6465A9FD5B9D7838AAB9D"},{"label":"Mutual bonus","description":"<p><span>As a mutual, LV= is focused on doing what's right for their members and customers. Since the mutual bonus was set up in 2011, LV= have rewarded their members with eligible policies for their support of the development and growth of the LV= business.</span></p>\n<p><span>&nbsp;</span></p>\n<p>\n<span>The board of directors will consider the financial performance of the business conducted in LVFS and its subsidiaries, past communications to members and LVFS's current and projected financial strength to decide whether they will award a mutual bonus to LV= with-profit policyholders. The LV= Fixed Term Annuity /LV=Fixed Term Investment is considered a with-profits policy.</span></p>\n<p><span>&nbsp;</span></p>\n<p>\n<span>Currently, any mutual bonus applied will be added to your plan after the first year of investment, helping give members an investment boost.</span></p>\n<p><span>&nbsp;</span></p>\n<p>\n<span>The&nbsp;</span>mutual bonus is declared yearly and is always at the sole discretion of the board. It isn't guaranteed to be paid every year and the level can vary. For this plan type there is a maximum bonus of 0.15% each year. In exceptional circumstances, the board may consider it necessary to remove previously awarded mutual bonuses, but they haven't chosen to do this to date.</p>","categoryIds":"E1DDA22F4DC6465A9FD5B9D7838AAB9D"},{"label":"Why LV=","description":"<p><strong>Mutuality</strong></p>\n<p>&nbsp;</p>\n<p>LV= does not have any shareholders and, as a mutual organisation, exists wholly for the benefit of its members. Together with its subsidiary companies, LV=&nbsp; is an insurance and financial services business in the United Kingdom.</p>\n<p>&nbsp;</p>\n<p><strong>Size</strong></p>\n<p>&nbsp;</p>\n<p>LV= heads the Liverpool Victoria group of companies and has over one million members and customers.&nbsp;</p>\n<p>&nbsp;</p>\n<p><strong>Member Discounts</strong></p>\n<p><strong>&nbsp;</strong></p>\n<p>All members qualify for discounts of up to 10% on a range of general insurance products including car and home insurance provided by LV= General Insurance Group, a subsidiary of Allianz Holdings plc.</p>\n<p>&nbsp;</p>\n<p>As a member, you will be entitled to attend the company's formal meetings and vote on company matters when you have held your membership-conferring product for a continuous period of twelve months. Full membership terms and conditions available on request.</p>\n<p>&nbsp;</p>\n<p>Also, not sure if this is something that can be adjusted, but when the wording is copied and pasted into word there are big gaps between the headings and paragraphs, might not be something within our gift to control but thought I would check.</p>","categoryIds":"E1DDA22F4DC6465A9FD5B9D7838AAB9D"},{"label":"Wide range of investment choices","description":"<p>Within the pension &lsquo;wrapper&rsquo;, LV= offers a range of investment choices enabling customers, working with their advisers, to put in place an investment strategy to meet defined risk profiles. This includes access to the LV= Smoothed Managed Funds via the LV= Smoothed Managed Funds Pension.</p>\n<p>&nbsp;</p>\n<p>A range of over 200 insured funds provides choice across all main UK and global investment sectors.</p>\n<p>&nbsp;</p>\n<p>The fund range includes a wide range of passive funds &ndash; single index trackers and risk rated multi index funds, and active funds in all key market sectors.</p>\n<p>&nbsp;</p>\n<ul>\n    <li>The fund links are run many of the leading and respected retail investment managers including:</li>\n</ul>\n<p>&nbsp;</p>\n<p style=\"margin-left: 40px;\">* Artemis Investment Management LLP</p>\n<p style=\"margin-left: 40px;\">* BlackRock</p>\n<p style=\"margin-left: 40px;\">* BNY Mellon Investment Management (Newton)</p>\n<p style=\"margin-left: 40px;\">* Fidelity International</p>\n<p style=\"margin-left: 40px;\">* Waystone Asset Management </p>\n<p style=\"margin-left: 40px;\">* Invesco Fund Managers Ltd</p>\n<p style=\"margin-left: 40px;\">* Ninety One Asset Management </p>\n<p style=\"margin-left: 40px;\">* JPMorgan Asset Management</p>\n<p style=\"margin-left: 40px;\">* Jupiter Asset Management Limited</p>\n<p style=\"margin-left: 40px;\">* Legal &amp; General Investment Management</p>\n<p style=\"margin-left: 40px;\">* Liontrust Fund Partners LLP</p>\n<p style=\"margin-left: 40px;\">* M&amp;G Investments</p>\n<p style=\"margin-left: 40px;\">* Margetts Fund Management</p>\n<p style=\"margin-left: 40px;\">* Quilter Investors</p>\n<p style=\"margin-left: 40px;\">* Schroder Unit Trusts Ltd</p>\n<p style=\"margin-left: 40px;\">* Seven Investment Management</p>\n<p style=\"margin-left: 40px;\">* Threadneedle Investment Services Ltd</p>\n<p style=\"margin-left: 40px;\">* Vanguard</p>\n<p style=\"margin-left: 40px;\">* Verbatim Asset Management</p>\n<p>&nbsp;</p>\n<p>LV=, specialist retirement team through National Mutual, GE Life and Tomorrow, has been active in the SIPP market for more than 25 years,</p>\n<p>&nbsp;</p>\n<p>LV= offer a full Self Investment Service with all SIPP administration run on a bespoke IT system and on an in-house basis throughout this time.</p>\n<p>&nbsp;</p>\n<p>Within our LV= SIPP (Flexible Transitions Account), we offer a number of investment options within one plan, designed to make it easier for customers and advisers to put in place the appropriate investment selections within a pensions product wrapper:</p>","categoryIds":"C7950E6E954F4B888E1AACF57ACCB567"},{"label":"Investing in LV= Smoothed Managed Fund","description":"<p>The LV= Smoothed Managed Funds Pension is designed to offer you a range of multi-asset fund options.&nbsp;</p>\n<p>&nbsp;</p>\n<p>It is a with-profits, stocks and shares investment, primarily suitable to attain capital growth in your pension savings. The funds are designed to provide long-term moderate growth, together with a low to medium level of investment risk. The funds invest, either directly or indirectly, in a diversified portfolio of fixed interest securities, equities, property, cash and other related instruments.</p>\n<p>&nbsp;</p>\n<p>The fund aims to avoid sharp rises and falls by gradually averaging the investment return from day 2 of your investment during the first 26 weeks. When you have been invested in the fund option for 26 weeks or more, you will experience a calmer investment journey as the effect of large daily stock market fluctuation is dampened by the smoothing mechanism, reducing the impact of short term ups and downs by averaging the value of the assets over the previous 26 weeks.&nbsp;</p>\n<p>&nbsp;</p>\n<p>One effect of averaging means that if the markets are rising when you cash in all or part of your investment, you may get back less than if you were invested directly in the assets. But if markets are falling, you may get back more.</p>\n<p>&nbsp;</p>\n<p>Smoothing can be suspended at LV&rsquo;s discretion if either the underlying price is 80% or less of the averaged or 'smoothed' price, or in exceptional conditions. The fund will typically be valued on the underlying price, or at our discretion, the fund may be valued on a daily gradual averaged price until smoothing is reintroduced (except ISA which would be valued on the underlying price). Full details are contained in the document 'Your guide to how we manage our unitised with-profits Smoothed Managed Funds business'.</p>","categoryIds":"C7950E6E954F4B888E1AACF57ACCB567"},{"label":"Cautious fund capital guarantee","description":"<p>On investment into the Smoothed Managed Cautious Fund, you can also take out an optional 10-year capital guarantee to secure the value of your investment. You may also have the opportunity to replace your existing guarantee upon expiry, subject to availability. By choosing the guarantee option, LV= guarantee that the value of your investment at the end of the selected guarantee term will be at least the same as the value of your investment on the date you added it, less any money paid out during the guarantee term (which includes any withdrawals you make, including those to pay any on-going and ad-hoc adviser charges and wrapper charges).&nbsp;</p>\n<p>&nbsp;</p>\n<p>The guarantee applies at the end of the guarantee term and LV= automatically add units to make up any shortfall. Please note that you could also still get back less than you invested if you cash in your investment before the end of the guarantee period or after.</p>\n<p>&nbsp;</p>\n<p>In your case, [insert reasoning]</p>\n<p>&nbsp;</p>\n<p>[I'm recommending that you exclude the guarantee because [insert reasoning].]</p>\n<p>&nbsp;</p>\n<p>OR</p>\n<p>&nbsp;</p>\n<p>[I'm recommending that you include a [insert guarantee term] year guarantee from the start in order to meet your objectives.]</p>","categoryIds":"C7950E6E954F4B888E1AACF57ACCB567"},{"label":"Outcome type","description":"<p><span>You have asked to receive a Guarantee Maturity Value which means at the maturity date, LV= guarantee the amount payable. LV= can&rsquo;t guarantee the income it will provide &ndash; this depends on the economic and investment conditions at the time. With this option you understand that a minimal income is required to be paid to meet regulation but it will be held within the plan and this will subsequently be paid with the maturity value</span></p>\n<p>&nbsp;</p>\n<p>Or</p>\n<p>&nbsp;</p>\n<p>You have asked to receive an income from the plan until it exhausts which means LV= guarantees to pay an amount of income until the fund has depleted.&nbsp; As the whole fund is taken as income, no lump sum will be paid when your plan ends.&nbsp;&nbsp;</p>\n<p>&nbsp;</p>\n<p>Or</p>\n<p>&nbsp;</p>\n<p>You have asked to receive a guaranteed income and a guaranteed maturity value which means LV= guarantee both the income and the lump sum, so you&rsquo;ll know from the outset exactly what you&rsquo;ll get back, and when.</p>","categoryIds":"C7950E6E954F4B888E1AACF57ACCB567"},{"label":"Risk warnings","description":"<p>Elements of the plan may be held in stock market related investments, so you are not certain to make a profit and may get back less than you invested.<br />\nIf you are thinking about taking withdrawals from your investment, it is important to understand that if the amount of your withdrawals is higher than the growth on your Plan, this will reduce your pension fund.</p>\n<p>&nbsp;</p>\n<p>You will need to be able to confirm that your annual contributions to the Plan taken together with any other contributions to pension plans is within 100% of your UK earnings or &pound;3,600 (gross) if greater for the Plan to be taken out and remain in force.</p>\n<p>&nbsp;</p>\n<p>Contributions are subject to the Annual Allowance (&pound;40,000 per annum)</p>\n<p>&nbsp;</p>\n<p>Once you start taking income from Flexi-access Drawdown your annual allowance will be reduced to &pound;10,000.</p>\n<p>&nbsp;</p>\n<p>When tax-free cash is taken from the plan it will be tested against your remaining Lump Sum Allowance and Lump Sum &amp; Death Benefit Allowance. Once either allowance has run out, you are no longer able to take 25% of your remaining untouched pension fund tax-free.</p>\n<p>&nbsp;</p>\n<p>The tax treatment of the Plan will, in part, depend on your personal tax status, which may be subject to change. [Please refer to the Key Features for details of how [contributions and] benefits from your plan will be taxed.] Any references to taxation are based on our understanding of current legislation and HM Revenue &amp; Customs practice, which is subject to change.<br />\nIf the Government changes the tax treatment of this plan, any tax relief given on personal contributions paid could change.</p>\n<p>&nbsp;</p>\n<p>You may normally only take benefits from your plan from age 55, or you may transfer to another provider at any time.</p>","categoryIds":"6EE5C530CC6342C78273FA8700ADA5B3"},{"label":"Documents enclosed","description":"<p>In order to support my recommendation, please find enclosed the following:</p>\n<p>&nbsp;</p>\n<p>Two copies of a personalised quotation from XX. In order to accept my recommendation, please sign, date and return one quotation to me. The other is for you to keep for your records. This quote is only guaranteed until XXXXXX. Please return your paperwork to me as quickly as possible to help me make sure your annuity is set up within this timeframe.</p>\n<p>&nbsp;</p>\n<p>XX application form. I have completed this as far as I am able. Please complete the sections highlighted before signing and returning the application form to me.</p>\n<p>&nbsp;</p>\n<p>XX key features document &ndash; this is for you to keep.</p>\n<p>&nbsp;</p>\n<p>XX terms and conditions &ndash; this is for you to keep.</p>\n<p>&nbsp;</p>\n<p>XX cancellation notice &ndash; please ONLY return this if you decide you do not wish to proceed with this application.</p>\n<p>&nbsp;</p>\n<p>Transfer forms from your existing pension providers &ndash; please sign and complete these where indicated before returning them to me.</p>\n<p>&nbsp;</p>\n<p>Original policy documents (where required)...</p>\n<p>&nbsp;</p>\n<p>Any other forms...</p>\n<p>&nbsp;</p>\n<p>Money laundering ID requirements...</p>\n<p>&nbsp;</p>\n<p>Pre-paid envelope...</p>\n<p>&nbsp;</p>\n<p>Invoice/Instruction to authorise payment of adviser fee</p>","categoryIds":"40F5AA300CDB4BEEAB432C920DA2A831"},{"label":"Fixed Term Investment (PRP) - recommendation - trustee","description":"<p>Dear Client</p>\n<p>&nbsp;</p>\n<p>LV= Fixed Term Investment (Protected Retirement Plan TIP) Recommendation</p>\n<p>&nbsp;</p>\n<p>You have asked me to recommend an investment for your pension scheme to provide you with a level of retirement income.</p>\n<p>&nbsp;</p>\n<p>The plan is set up as a Trustee Investment Plan as an investment of the LV= Personal Pension scheme. The trustees will give an agreed amount of pension fund to invest, and LV= then set up a Fixed</p>\n<p>&nbsp;</p>\n<p>Term Investment (Protected Retirement Plan TIP) and pay the trustees of the scheme any income and lump sum benefits that become payable from the plan back into the SIPP client bank account. The plan provides a guaranteed sum (called the &lsquo;guaranteed maturity value&rsquo;), if you live until the end of the plan (called the &lsquo;maturity date&rsquo;). At the maturity date you can ask the trustees to invest the guaranteed maturity value, including investing in another fixed term annuity (if you are still eligible). You can choose for the trustees to receive an income throughout the plan term as well as death benefits if you die before the maturity date. Alternatively, the whole amount can be paid as a lump sum (subject to tax).</p>\n<p>&nbsp;</p>\n<p>LV= will pay any income or death benefits from this plan directly back into the SIPP client bank account. As Scheme Administrator they will be responsible for any appropriate deduction of tax relating to any income or death benefits that are then paid out of the SIPP&nbsp;</p>","categoryIds":"40F5AA300CDB4BEEAB432C920DA2A831"},{"label":"Death Benefit Option - trustee","description":"<p>The Fixed Term Investment (PRP) offers two types of death benefit options. There doesn&rsquo;t have to be a death benefit with the plan, but if it&rsquo;s required you can only choose one type. They are:</p>\n<p>&nbsp;</p>\n<p>Value protection, up to 100% of the amount invested (less any income paid) payable if you die before the end of the plan. If you die before the maturity date LV= will pay out a lump sum back into the SIPP client bank account. The lump sum will be the percentage of the fund you chose to protect, for example 100%, less the income already paid to your SIPP plan and may be subject to tax, depending on your age at death. Obviously if this turns out to be less than zero nothing will be paid.</p>\n<p>&nbsp;</p>\n<p>Plan protection &ndash; If you choose this option the income and guaranteed maturity value will be payable for the full plan term even if you die during this time. If your beneficiary(s) don&rsquo;t want to keep your SIPP plan running, they can ask LV= scheme trustees to either use the conversion option or transfer the existing plan to your beneficiary&rsquo;s new SIPP provider. If the conversion option isn&rsquo;t used, at the end of the plan term, the guaranteed maturity value will be paid to the SIPP client bank account, for it to be reinvested or distribute at the Trustees discretion.</p>\n<p>&nbsp;</p>\n<p>If you ask the trustees to choose either of these death benefit options, the guaranteed maturity value will normally be lower than if no death benefit is chosen.</p>","categoryIds":"40F5AA300CDB4BEEAB432C920DA2A831"},{"label":"Can I end my plan early if my circumstances change? - trustee","description":"<p><span>The LV= Fixed Term Annuity (PRP) allows you to instruct the trustees to end the plan at any time. If you do this, LV= will send the proceeds to the client bank account within your plan. This means that you won&rsquo;t have to wait until your plan is due to end if your circumstances change. There are no fees or charges for ending your plan early, but the conversion value is not guaranteed and you may find the value at the point of conversion is less than the sum of the remaining benefits or the amount originally invested. Once encashed, you can then instruct your trustees how to use the value of your plan, going forward.</span></p>\n<p>&nbsp;</p>\n<p>Your transfer value may be significantly less than your Guaranteed Maturity Value if you transfer out in the early years or if investment conditions have worsened since you took the plan out.</p>\n<p>&nbsp;</p>\n<p>This feature is explained in full within the Plan Conditions.</p>\n<p>&nbsp;</p>\n<ul>\n    <li>LV= has quoted a monthly/three monthly/half-yearly/yearly income of &pound;xxxx each year. The plan term is xx years / to xx birthday. Income is guaranteed as long as you live for the full term of the plan.</li>\n    <li>The Plan will end on the xx/xx/xxxx at which point as long as you&rsquo;re alive LV= will pay the Guaranteed Maturity Value amount of &pound;xxxxxxxx to your scheme.</li>\n    <li><span>You have asked to include 100% Value Protection as a benefit under the Fixed Term Investment (PRP). This means that should you die during the term an amount equal to your original amount invested less the total of income paid will become payable to your scheme.</span></li>\n    <li>You have asked to include Plan Protection. If you die within the term of the plan, the plan will continue and any remaining income payments and guaranteed maturity value will continue for the full plan term to your scheme, for the scheme trustees to reinvest or distribute at their discretion. If your beneficiary(s) are unable or do not wish to continue membership of your pension scheme, the plan can be encashed or transferred to a new provider.</li>\n    <li>You have asked to select an income that increases by xx% a year. If inflation is higher than this, then the purchasing power of this income will reduce.</li>\n    <li>Any references to taxation are based on my understanding of current legislation and HM Revenue &amp; Customs practice which can change.</li>\n</ul>","categoryIds":"40F5AA300CDB4BEEAB432C920DA2A831"},{"label":"The Fixed Term Investment (PRP) - trustee","description":"<ul>\n    <li>Your scheme trustees can invest from as little as &pound;10,000 in a plan, with no upper limit. Investments over &pound;500,000 are considered on an individual basis.</li>\n    <li>You can ask the trustees to pick any term between three and 25 years. You can ask the trustees to invest as long as you are 40 or over when the plan starts.</li>\n    <li><span>Provided you survive until the end of the plan term, LV= will pay a guaranteed maturity value to the trustees. Should you and the trustees wish, this could be used to invest in another Fixed Term Investment (PRP) (if you are still eligible). The income chosen depends on the size of the pension fund invested in the plan and the term of the plan. It is possible to choose no income at all.</span></li>\n    <li>You can ask the trustees to choose for any income to be paid monthly, every three months, every six months, or every year.</li>\n    <li>The first income payment can be paid as soon as the plan starts (commonly known as &lsquo;in advance&rsquo;), or at the end of the first payment period (commonly known as &lsquo;in arrears&rsquo;).</li>\n    <li>The guaranteed maturity value depends on:<br />\n    <br />\n    o The size of the pension fund invested in the plan<br />\n    o The plan term<br />\n    o Your age<br />\n    o The level of income chosen, if any, and when it is chosen to be paid, for example monthly<br />\n    o Plan options chosen<br />\n    o The death benefit options chosen</li>\n</ul>\n<p>&nbsp;</p>\n<p>The guaranteed maturity value is shown in the quote I&rsquo;ve provided you with.</p>","categoryIds":"40F5AA300CDB4BEEAB432C920DA2A831"},{"label":"About LV=","description":"<p>LV= (Liverpool Victoria) is a UK mutual financial services provider, established in 1843. The company offers a wide range of protection, investment and retirement solutions designed to help people plan for their financial future with confidence. As a mutual organisation, LV= is owned by its members rather than shareholders, which means its focus is on delivering long-term value and reinvesting profits to support members&rsquo; interests. With a long heritage of trust and expertise, LV= works with financial advisers to provide products and services that meet clients&rsquo; evolving needs. Their investment range combines quality, transparency and flexibility, supported by a strong commitment to customer service.</p>\n<p>&nbsp;</p>\n<p>To find out more, please visit <a rel=\"noopener noreferrer\" href=\"www.lv.com/invest\" target=\"_blank\" title=\"Invest page \">www.lv.com/invest</a></p>","categoryIds":"6056A463364A42949D291FD892E28D9B"}]}}});</script>
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    <div class="react-component featuredetails" data-name="featureDetails" data-id="2c7609f6-482d-4ec0-851d-fd06dcb218c6">
        <div id="2c7609f6-482d-4ec0-851d-fd06dcb218c6"><div id="98b0991e-618e-4b62-9324-676e897b7b1b" class="intro-Text-container "><div class="main-container-fullbleed"><div class="grid  image-left"><div class="order1 grid-flex"><h2 class="title left">About our suitability letter builder</h2></div><div class="grid content-body order3"><span class="rte description left"><p>A good suitability letter is:</p>
<ul>
    <li>Your opportunity to justify and reinforce the reasons for your advice and recommendations.</li>
    <li>An excellent opportunity to document unmet and future needs - and the importance of on-going review discussions.</li>
    <li>Your record of the discussions held and the recommendations made / not made and why.</li>
    <li>The letter should be clear, fair and not misleading. It should be personal, explain the reasons why a recommendation has been made, and how it meets the customer's&rsquo; needs and objectives. It should also highlight any risks involved.</li>
</ul>
<p>We've taken care to ensure the accuracy of the information at the time of issue, but we do not accept liability resulting from your use of it.</p></span></div></div></div></div></div>
<script>LVSiteConfigs.components.data.push({"name":"featureDetails","reactName":"Athena.featureDetails","id":"2c7609f6-482d-4ec0-851d-fd06dcb218c6","type":"dynamic","props":{"Id":{"Guid":"98b0991e-618e-4b62-9324-676e897b7b1b"},"titleHeading":{"label":"About our suitability letter builder","type":"h2"},"description":"<p>A good suitability letter is:</p>\n<ul>\n    <li>Your opportunity to justify and reinforce the reasons for your advice and recommendations.</li>\n    <li>An excellent opportunity to document unmet and future needs - and the importance of on-going review discussions.</li>\n    <li>Your record of the discussions held and the recommendations made / not made and why.</li>\n    <li>The letter should be clear, fair and not misleading. It should be personal, explain the reasons why a recommendation has been made, and how it meets the customer's&rsquo; needs and objectives. It should also highlight any risks involved.</li>\n</ul>\n<p>We've taken care to ensure the accuracy of the information at the time of issue, but we do not accept liability resulting from your use of it.</p>","image":null,"layout":"left","background":"","disableBottomSpace":false}});</script>
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