LV= loosens underwriting restrictions for FPP IP

‘More than 70% of cases accepted with no further evidence required’

Adam Saville
clock • 1 min read

Insurer reduces non-medical limits and evidence requirements for Flexible Protection Plan income protection

LV= has adjusted its non-medical limits for Flexible Protection Plan (FPP) income protection (IP) and removed additional evidence requirements such as tele-interviews. The insurer said the steps taken will help ease access to protection and alleviate growing pressures on the NHS due to the surge in coronavirus cases. On 6 January 2020, for FPP IP, LV= removed the requirement for automatic medical telephone interviews. And, won't be replacing these with additional evidence requirements; significantly increased limits for paramedical screening reports and cotinine levels for clients up ...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Income Protection

Working2Wellbeing joins IPTF

Working2Wellbeing joins IPTF

Eighth member for 2025

Cameron Roberts
clock 04 April 2025 • 1 min read
The return of redundancy cover and its importance

The return of redundancy cover and its importance

Demand looks set to remain high

Kesh Thukaram
clock 02 April 2025 • 3 min read
Interactive video: Addressing client income protection concerns

Interactive video: Addressing client income protection concerns

How do you engage with clients to help them understand the value of income protection?

Scottish Widows
clock 14 March 2025 • 1 min read