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Business has changed over the years - that’s why we’re refreshing business protection to fit today’s small and medium sized enterprises.

Free business legal advice and tax guidance for your business protection clients

Easy-to-use tools and calculators for you and clients

Business Protection

Cover Summary - a quick guide

The tables below compare each Business Protection cover's features and limits so you can see which might be best for your client.

Details

Life Insurance

Life Insurance with Critical Illness

Relevant Life Cover

Type of benefit payment

Lump sum

Lump sum/s including our additional payment claims

Lump sum

Type of cover

  • Level
  • Inflation-linked
  • Decreasing
  • Level
  • Inflation-linked
  • Decreasing
  • Level
  • Inflation-linked

Own life

Yes

Yes

N/A

Life of another

Yes

Yes

Yes

Term

5 years – 45 years

5 years – 40 years

5 years – 45 years

Minimum entry age
(level/decreasing/index-linked)

17

17

17
Decreasing is not available

Maximum age at entry
(level/decreasing)

79

64

69
Decreasing is not available

Maximum age at entry
(index-linked)

59

59

59

Maximum age at policy end date
(level/decreasing)

85

69

74

Maximum age at policy end date
(index-linked)

69

69

69

Premium type

Guaranteed

Reviewable or guaranteed

Guaranteed

Maximum cover

£20 million

£3 million, but TPD moves to works tasks over £2 million

£20 million

Eligibility criteria

UK resident

UK resident

UK resident

Trust Assignment

Yes

Yes

Discretionary Trust

Number of Critical Illnesses covered:

  • additional payments
  • enhanced claims payment

N/A

64 (total)

  • 20
  • 16

N/A

Cover comparison

Benefit

Life Insurance

Life Insurance with Critical Illness

Relevant Life Cover

Total permanent disability

No

Yes

No

Waiver of premium

Yes

Yes

No

Additional features

Benefit

Life Insurance

Life Insurance with Critical Illness

Relevant Life Cover

Terminal illness cover

Yes

Yes

Yes

Children’s cover* (at no extra cost) – 50% of cover or max £25,000

No

Yes

No

LV= multi-product discount

No **

Yes

No **

Guaranteed increase options

Yes

Yes

Yes

LV= Business Care

Yes

Yes

Yes

* Children’s cover applies to the family of the life insured and not the plan owner

** Unless another Protection or Retirement product is already held

0800 032 3962

TextDirect: first dial 18001


Business Protection Specialist Team

Option 1 – New and current applications

Option 2 – Underwriting

Option 3 - New agency set up and login queries

Option 4 - Business Protection sales team and quotes

Options 1-3, 8.30am - 6.30pm Mon - Fri

Option 4, 9:00am - 5:00pm Mon - Fri

We may record and/or monitor calls for training and audit purposes.

options list icon

Business Protection options

Find out more about the type of businesses we cover and the policies available.

More about our Business Protection options

Calculator icon

Calculators and tools

See all our business protection calculators available to simplify your client conversations.

Our Business Protection calculators

Telephone handset

LV= Business Care

Our Business Protection includes valuable telephone support for your clients and their employees.

LV= Business Care

Team icon

Business Protection support team

Our team will make sure that all your Business Protection applications are dealt with quickly and efficiently.

More about our business support team

Connect with us

About protection

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FOR UK FINANCIAL ADVISERS ONLY
LV=, County Gates, Bournemouth, BH1 2NF, UK