LV launches a new angle to protect families via Income Protection – specifically if the children are ill But Mum or Dad would be the insured.

LV= will lead the market by introducing Income Protection policies that include Parent and Child cover. This means that if a parent needs to care for a child because they are diagnosed with a specific illness, has an operation or medical procedure, the family will be paid a lump sum. 

This benefit covers 54 conditions and LV= will pay six times the monthly cover amount up to a maximum of £25,000. The money paid could allow customers to take unpaid leave from work to care for their child, or cover costs associated with medical treatment.

A great new approach to income protection means that some of the care costs and loss of earnings can be supported if children are ill…

Golden Rock Solutions feels this new supportive income protection could be very helpful for many families. Please get in touch for more information.

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