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Flexible Protection Plan

All round protection with the Flexible Protection Plan (FPP)

At LV= we understand that every client is different which is why we offer the Flexible Protection Plan. A protection portfolio that can be tailored around an individual's needs, circumstances and budget.

Three things to know about our Flexible Protection Plan:

  1. it includes life cover, income protection and critical illness cover which you can mix and match for your clients' own tailor-made protection
  2. change their cover when their lifestyle changes* for example, moving house, getting married, salary increases or having a baby
  3. there are no standard exclusions so there won't be any nasty surprises when your client needs to make a claim.

*Some changes may be subject to underwriting. Terms and conditions apply.


How does this benefit my client?

You can recommend as little or as many cover types as you like under the plan and because it's a menu, your client will benefit from one application, one set of underwriting and see only one direct debit on their bank statement.

On top of this, your client will benefit from a reduction of premiums rather than buying cover from us individually, as we'll discount the plan fee portion of the premium for additional cover. Combined life with critical illness cover already has discount included.

And lastly, your client will become a member of the society and be entitled to membership services such as the LV= helpline and LV= Doctors Services.

A quick look at the different cover available as part of the FPP...

Life Insurance

Money to pay debts or take care of the family if your client were to die or become terminally ill.

  1. Pay off the mortgage
  2. Repay loans
  3. Cover funeral expenses
  4. Manage living expenses
Life Insurance with Critical Illness

Pays a lump sum if your client were to die or is diagnosed with one of the specified conditions during the term of the policy.

  1. Pay off the mortgage
  2. Repay loans
  3. Manage living expenses
  4. Pay for treatment costs
Income Protection (IP)

Pays out an ongoing, regular benefit if your client is unable to work because of an accident or illness.

  1. Maintain mortgage repayments
  2. Loan repayments
  3. Manage living expenses
  4. Avoid sole reliance on statutory sick pay
IP for medical professionals

Our Income Protection includes a number of features which have been designed especially with doctors, surgeons and dentists in mind.

  1. NHS Sick Pay Guarantee
  2. Working abroad
  3. £3,000 Benefit Guarantee (Doctors and Surgeons only)
  4. Sabbatical Break cover
Personal Sick Pay

Pays out an ongoing, regular benefit if your client is unable to work because of an accident or illness.

  1. Maintain mortgage repayments
  2. Loan repayments
  3. Manage living expenses
  4. Avoid sole reliance on statutory sick pay

Member benefits

Every client who takes out one of our qualifying policies, which include all of the above, becomes a member of LV= and will be entitled to a range of value-added benefits and support. These include free and unlimited access to our confidential LV= Health and Wellbeing helpline, as well as generous discounts on a number of LV= insurance products. For more information visit our Member benefits section.

The above services are non-contractual benefits and can be changed or removed at any time.

How does this benefit me?

You can be confident you’re recommending a quality proposition, and that LV= will be there for your client when they need it most. What’s more, you’ll be giving your client something tangible for their premium that they can start using straightaway.

All members can use these services at any time - not just at the point of a claim (for protection customers).