information

We use cookies to give you the best possible experience online. By continuing to use our website, you agree to receiving our cookies on your web browser. Visit our cookie policy page to find out more and how to change your cookie settings.

skip to main content

Pays out a regular income should the worst happen - helping provide better financial security for your family

Family Income Assurance

Family Income Assurance at a glance

Unsure if the product is right for your client? Our table below sets out our product at a glance to help you make an informed comparison.

Detail

Family Income Assurance - Level cover

Family Income Assurance - Inflation-linked cover

Waiver of premium

Type of payout

Quarterly payments (can choose to convert payments for a reduced lump sum payment at claim stage)

Quarterly payments (can choose to convert payments for a reduced lump sum payment at claim stage)

Pays the plan monthly premiums after a waiting period

Term

Between 4 years and 45 years

Between 4 years and 45 years

Option available on all policies up to the age of 65

Minimum age attained at entry

17

17

17

Maximum age attained at entry

79

60

65

Maximum age attained at end of policy term

90

65

65

Minimum premium

£7 a month, £21 a quarter or £84 a year

£7 a month, £21 a quarter or £84 a year

Based on total plan premium

Maximum claim period

Until the end of the plan term

Until the end of the plan term

Until the end of the plan term, age 65, the client returns to work or passes away

Waiting period

N/A

N/A

26 weeks

Eligibility criteria

Your client must be a permanent UK resident

Your client must be a permanent UK resident

Your client must be a permanent UK resident

Payment frequency

Option to pay monthly (must be paid by Direct Debit), quarterly or yearly (can be paid by cheque or Direct Debit)

Option to pay monthly, quarterly or yearly (must be paid by Direct Debit),

N/A

Extras

Society membership rights

Society membership rights

N/A

If you’re unsure if the product is right for your client, you can speak to our adviser support team on 0800 678 1890 or email us at lv.agency@lv.com and we’ll be happy to help. Our lines are open from 9am to 5.30pm Monday to Friday.

0800 678 1890

TextDirect: first dial 18001

8.30am - 6.30pm Monday - Friday

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

Literature

Image alt text

Need more cover?

Take a look through the other protection products we offer within our Flexible Protection Plan.

View our Flexible Protection Plan

Image alt text

Trusts

See our trust options and use our Trustbuilder to find the option most suited to your client's needs.

More about our trusts

Image alt text

Member benefits

Taking out a Family Income Assurance plan entitles your client to member benefits.

More about our member benefits

Image alt text

Contact us

Read more about where we're based and all of our contact information.

How to contact us

Connect with us

About protection

Vimeo logoLinkedIn company logoTwitter icon showing a bluebird

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