LV= Offers 5% Off Income Protection

LV= has announced it will provide its new and existing customers with a 5% discount on income protection who buy the product by the end of 2010.

Mark Jones of LV= said that the move aims to demonstrate Brits that this type of cover is not as expensive as it may appear. LV= also believes that a 5% discount is a good reason for many people to take out income protection.

LV= is a good choice for those who want to be sure that the insurance company will not reject the claim. As such, LV= paid 90% of all income protection claims received in 2009. The average amount of money paid by the insurer stood at £11,740.

You should consider taking out income protection cover because:
1. Statistics shows that over 2 million Brits are unable to work because they suffer from long-term sickness. Thus, they are unable to meet their financial commitments.
2. Long-term sickness is more widespread among UK workers than death or critical illness. Despite this fact, CI and life cover are more popular among Brits than income protection.
3. The state benefit of £5,000 is not enough for most Brits suffering from long-term sickness.