Mortgage Advice Bureau (MAB) has announced the addition of LV=’s personal sick pay and income protection plans to its protection panel.

With more than 1,400 advisers across the UK, MAB said it is aiming to grow the protection market so that more people can buy income protection when they take out a mortgage.

LV=’s personal sick pay, an income protection product developed for people in riskier jobs such as tradespeople, nurses and manual workers, is the first product of its kind to be included on the panel.

The income protection includes a range of features and benefits as standard and no extra cost including parent and child cover, fracture cover and death benefit. LV= said that budget options are also available – including 12 and 24-month limit claim periods – while all include the full range of LV= benefits.

LV= managing director of protection, Debbie Kennedy, commented: “At LV=, we have a unique income solution which makes it easier for advisers to have that all-important protection conversation.

“We look forward to building a new partnership with MAB advisers and helping more clients to protect their income with our leading protection insurance.”

Alongside the core income protection insurance cover, LV= offers comprehensive daily benefits to help clients with everyday issues not linked to a claim, which include free access to legal and counselling advice, as well as LV=’s Doctor Services.

The insurer said this is an app-based service that includes remote GP and prescription services, and provides access to physio, mental health and second opinion experts.

MAB protection proposition director, Andy Walton, added: “I’m absolutely delighted to welcome LV= to our protection panel. They enable us to offer new solutions to more clients through personal sick pay and income protection. So should the unexpected happen, they can keep up the repayments on their mortgage and maintain their lifestyle.”

Share Story: