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Mortgage & Lifestyle Protection

You can protect your rent or mortgage payments as well as your living expenses

  • Protect yourself against loss of income due to accident or sickness
  • Optional unemployment cover if you're made redundant
  • Receive monthly income if you're unable to work
  • Make more than one claim
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Mortgage and Lifestyle Protection help and FAQs

LV= Mortgage and Lifestyle Protection can help you pay your mortgage and living expenses when you no longer have an income.

Here are some frequently asked questions we've been asked about our Mortgage and Lifestyle Protect product which you may find helpful before making your decision.

What is Mortgage and Lifestyle Protection?

Mortgage & Lifestyle Protection gives you long-term protection for your mortgage or rent payments to protect the home you love. It can also cover the cost of living if you can't work because of sickness or an accident. You also have the option of taking out unemployment cover. See types of cover.

What does Mortgage and Lifestyle Protection protect against?

The plan helps to protect your income long term, if you're unable to work as a result of an accident or sickness. You also have the option to add unemployment cover, which offers some protection if you become unemployed, to help you meet your mortgage payments and living expenses over a short period.

Is the premium guaranteed?

Yes, the premium is guaranteed for the term of the plan. There are no premium reviews or increases, no matter how many claims are made. Where inflation-linked cover is chosen (only available for Living Expenses Protection), the premium and cover increase each year in line with increases in the Retail Prices Index. If you choose unemployment cover, the premium you pay includes Insurance Premium Tax. If the government change the rate of insurance premium tax, then the premium you pay may also change.

Can I cancel the plan at any time?

Yes, all you have to do is contact us. Once you've cancelled your direct debit payments your cover will stop and you'll no longer be insured. Remember, this plan has no cash in value at any time, so if you cancel your plan you get nothing back.

Can Mortgage & Living Expenses Protection have independent terms?

Yes. Terms for each policy under the plan can be the same, or overlap.

You can phone us

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


0800 756 8517
Quoting offer code IELO

9am - 7pm Monday to Thursday
9am - 5pm Friday

For existing customers call:


0800 678 1906

9am - 8pm Monday to Thursday
9am - 5pm 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?

Which product?

Whatever your situation, we can help you choose the product that suits your needs.

Compare life cover products

Why choose LV=

An insurance provider you can trust established in 1843.

  • Easy claims process
  • Award-winning products

Policy documents

  • Policy summary
  • Plan conditions

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