Read below to understand which products are offered by which LV company.
Flexible Transitions Account; Protected Retirement Plan; LV= Smoothed Bond; LV= ISA; LV= Trustee Investment Plan; Life Protection, Life and Critical Illness, Life and Enhanced Critical Illness, Income Protection, Personal Sick Pay, Business Protection Life Protection, Business Protection Life and Critical Illness, Executive Income Protection, Family Income Benefit and Gift Inter-Vivos. These are the products open to new business.
We’ve been in business since 1843, and take great care to manage our affairs sensibly. If we ever did get into financial trouble and couldn’t honour our commitments, you may be entitled to compensation from the Financial Services Compensation Scheme.
The compensation you could get depends on the type of product you have.
Long Term Insurance (e.g. pensions and life assurance)
100% of the total claim. For life assurance, the scheme's first responsibility is to seek continuity of life assurance rather than to pay compensation.
100% of the first £85,000 of each depositor's claim.
100% of the first £85,000. For investments, the scheme’s first responsibility is to seek continuity of investment rather than to pay compensation.
The actual level of compensation you receive will depend upon the basis of your claim.
For more information visit the FSCS website or call 0800 678 1100 or 0207 741 4100.