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Income Protection

Provides a regular income if you're unable to work because of accident or sickness.

  • Pays out if you're too ill to work because of an accident of sickness
  • Gives you monthly payments so you can continue to pay your bills when your income stops
  • Available as comprehensive or budget cover
Man in a leg cast on the sofa with his wife

Why choose LV= for your income protection?

With so many different income protection products on the market, why should you trust LV= with your income protection needs? The answer is simple.

LifeSearch Protection Awards 2016

LifeSearch awards 2016

LifeSearch are a firm of Financial Advisers. These awards are voted for by LifeSearch themselves, not a panel of judges, which means it's a true reflection of LifeSearch's experience with the provider. We won the following categories:

  • Best Income Protection Provider
  • Best Service for New Customers
  • Best Sales Material
Moneywise 2013 - 2017, 5 years in a row award logo

Moneywise Customer Service Awards 2013 to 2017

Winners of the following award for the last 5 years:

  • Most Trusted Life Insurer

Financial Adviser Service Awards 2016

Financial Adviser Service Awards 2016 5 star life and pensions

These are considered to be the benchmark for service standards within the retail finance marketplace and the 'Five Star' award is one of the most sought after in the industry as it's voted for by advisers. For the fourth year in a row we have been awarded for:

  • Life & Pensions

Gold Standard Award 2016

Only those companies who, in the opinion of a panel of judges, can prove they go above and beyond standard requirements will be considered for a Gold Standard award. It's the seventh year in a row we've received a Gold Standard award for:

  • Protection

We are especially proud to win the gold standard award for protection for seven years in a row, after previously winning the award each year from 2008 to 2015.

Gold Standard Award 2016 - winner for protection

Moneyfacts Awards 2016

Investment Life and Pensions 2010-2016 best income protection provider

The Moneyfacts awards are determined by in depth product monitoring and feedback from the adviser community, related to product offering and service levels. We won:

  • Best Income Protection Provider

10 Good reasons to choose LV= for your income protection

1. We paid 90% of new income protection claims in 2016

We’re here to pay claims, not to wriggle out of them.

2. We paid £14 million worth of claims in 2016

At LV=, we believe that protecting regular income is at the heart of sound financial planning.

3. The average yearly income benefit paid in 2016 was £14,695

This was for existing claims. You can insure up to 60% of your income.

4. On average, our income protection claims last for 7 years

Nearly everyone has long term financial commitments and income protection provides long-term protection to cover these. There is no limit to the number of claims.

5. Over half the claims we paid in 2016 were for:

Musculoskeletal disorders, mental health and cancer. Sickness or disability is the single most important reason why adults of working age claim out-of-work benefits over a long period.

6. We have an easy claims process

LV= is committed to providing the highest possible level of service for our customers. Embracing technology, we’ve streamlined our buying and claiming processes to ensure they’re as quick and easy as possible for you.

7. Mutual not PLC

As a mutual, we don't have to answer to external shareholders – so we can concentrate on looking after you. It’s mutually beneficial.

8. Become a member

Income protection policy holders instantly become LV= members. This gives you benefits such as:

  • Discount on our car, home, pet and travel insurance products
  • 24hr members care line which could help you with:
    - Criminal and civil law queries
    - Health and medical questions
    - Finding a reliable tradesman in an emergency

9. Award-winning

Don’t just take our word for it; take a look at the different awards that we have received for the quality and value of our products.

10. Proven track record

When you buy income protection cover from LV= you get the reassurance of knowing that you’re part of our long history of providing financial security for our members and customers.

You can phone us

Call our UK-based advisers for more information or a quote:

Green phone

0800 756 8523
Quoting offer code IELO

9am - 5pm Monday to Friday

For existing customers call:

Green phone

0800 678 1906

8.30am - 6.30pm Monday to Friday

TextDirect first dial 18001

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

We offer advice on LV= products only.

Existing customer?

Understand life cover

We've created lots of useful information to guide you through the process of finding which life insurance product is right for you.

Find out more

Need to make a claim?

Speak to one of our experienced claims advisers to help guide you through the process.

How to make a claim

Policy documents

  • Key features
  • Our services

View policy documents

Get advice

Speak to one of our advisers who can make sure you have the right cover for your needs.

Get some advice