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Catch up with the latest press releases from LV=

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LV= Announces Commission Increase

Press release: 18/03/2008

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LV= ANNOUNCES COMMISSION INCREASE FOR IFAs TAKING THE EXPRESS ROUTE

  • Extra 10% commission for leaving the legwork to LV=
  • Latest initiative to support busy advisers and reduce risk of non-disclosure

In a further step towards reducing the risk of non-disclosure on protection applications, and reducing the workload for advisers, from the 17th March 2008 LV= will pay an extra 10% commission to advisers using its express route to apply for an LV= Flexible Protection Plan.

The express route for the Flexible Protection Plan involves the adviser filling in a few basic details about the client – all online – and submitting them to LV=. The LV= team of expert UK-based tele-interviewers will then phone their clients at a time convenient to them and capture medical, health and lifestyle details for the application. This creates an environment which ensures appropriate risk management information is obtained.

Stuart Tragheim, Director of Intermediary Strategy and Business Development at LV= says: "We're focused on supporting advisers who have more on their plate than ever before, whether through saving them valuable time or providing expert support for their clients. This is also our latest initiative to reduce the incidence of non-disclosure which can lead to difficulties when a claim is made. Last year we also made our positive stance clear on accidental non-disclosure, stepped up our sector-leading tele-underwriting service and published our claims record in the interests of greater transparency."