LV= pays out on 35-year income protection claim

Payment of over £309,000

John Brazier
clock • 1 min read

LV= has paid out a total of more than £309,000 on a single income protection claim that has lasted over 35 years.

The policy relates to a woman who has been unable to return to work since 1987 having been diagnosed with epilepsy following a brain haemorrhage. She had originally taken out the policy 16 months before the incident, aged just 27. LV= stated that she will continue to receive pay outs until 2023 with the policy term comes to an end. Justin Harper, proposition and marketing director at LV=, said that the claim is an indicator of the "true power" of income protection products. "Not only does it demonstrate that life changing injuries and conditions can strike at any age, but they c...

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

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
IPTF names 7Advisers cohort for 2025

IPTF names 7Advisers cohort for 2025

Third round of campaign

Jaskeet Briah
clock 13 March 2025 • 1 min read
Interactive video: How does income protection fit in with your clients' retirement journey?

Interactive video: How does income protection fit in with your clients' retirement journey?

Advisors play a key role in raising the need for income protection with their clients to ensure their financial security.

Scottish Widows
clock 13 March 2025 • 1 min read