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Personal Sick Pay rate change 24 June and pipeline procedures

24 June 2016 | LV= News


From Friday 24th June, income protection provider LV= is changing rates across its Flexible Protection Plan Personal Sick Pay cover. The rate change will affect Personal Sick Pay and Budget Personal Sick Pay.

Pipeline Business

  1. Applications with a valid quote dated on or before 23 June 2016 and received by LV= by 6 July 2016 will have previous rates applied.
  2. Applications received by LV= from 7 July 2016 will have new rates applied, even if quoted on or before 23 June 2016 as the quote will not be valid.
  3. Quotes issued from 24 June 2016 will be subject to the new rates.
  4. Applications in new business pipeline, where previous rates apply, can have new rates applied if requested by the client or adviser.

For the latest versions of our Personal Sick Pay future prices tables, please contact your LV= account manager.

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