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LV= Personal Sick Pay, tailored income protection designed for riskier occupations

Personal Sick Pay

Budget Personal Sick Pay

Your client will still benefit from all the same great features as our full product with just one difference: any individual claim will be limited to 24 months. Here are some examples of how the price can be significantly reduced.

Claire

Claire

Nurse

Claire is a 28-year-old nurse and wants to protect £1,000 a month. She chooses a one week waiting period, guaranteed future prices which will keep up with inflation and for her cover to end at 65. Here’s how the prices stack up:

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Budget Personal Sick Pay

*£29.08 at age 28

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  1. Saving of 19%
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Personal Sick Pay

*£35.87 at age 28

*Correct as of June 2017


Tom

Tom

Taxi driver

Tom is a 45-year-old taxi driver and wants to protect £1,500 a month. He chooses a four week waiting period, guaranteed future prices which will keep up with inflation and for his cover to end at 65. Here’s the difference in price:

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Budget Personal Sick Pay

*£42.78 at age 45

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  1. Saving of 56%
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Personal Sick Pay

*£97.15 at age 45

*Correct as of June 2017


A longer waiting period can also reduce the cost

Example

Day one

1 week

4 weeks

8 weeks

13 weeks

Mark is 30-year-old dentist and wants to protect £1,000 a month with Personal Sick Pay. He chooses guaranteed future prices and for his cover to end at age 65. These examples show how a longer waiting period can reduce the cost (based on our current rates for a 30-year-old).

£35.32

£29.07

£17.68

£13.65

£9.80

(based on budget personal sick pay for a 30-year-old. Rates correct as of June 2017).

Guaranteed or reviewable future prices

Example

Guaranteed future prices

Reviewable future prices

Bob is a 40-year-old builder and wants to protect £1,500 a month. He chooses a 1 week waiting period and for his cover to keep up with inflation. Bob wants to insure his income until age 60. Here’s an example of the differences between guaranteed and reviewable future prices at age 40.

£57.51

£53.24

(based on budget personal sick pay for a 40-year-old. Rates correct as of June 2017).

0800 678 1890

TextDirect: first dial 18001

9am - 5.30pm Monday - Friday

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

Literature

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Flexible Protection Plan

Why not add Life cover or Critical Illness to your client's plan for a wider protection portfolio?

More on Flexible Protection Plan

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Income Protection

Protect your clients' income if they can't work due to long term accident or sickness.

More on Income Protection

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Tools and Support

Outstanding day-to-day support and online services for you and your business.

Visit our Tools and Support

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Claims hub

Visit our claims hub for customer stories, info on how to claim and our claim statistics for the year.

More about our claims hub

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