LV=’s Personal Sick Pay product will be available as part of a multi-benefit quote through iPipeline’s award-winning sourcing system, SolutionBuilder.
LV=’s Personal Sick Pay product will be available as part of a multi-benefit quote through iPipeline’s award-winning sourcing system, SolutionBuilder, and the Assureweb portal. It is set to make the quoting process easier for Personal Sick Pay policies alongside other benefits available as part of the LV= Flexible Protection menu plan.
Personal Sick Pay is LV=’s specialist income protection product aimed at clients in riskier jobs who can be more expensive to insure. This type of income protection can also be recommended to clients who find it difficult to prove how much they earn, such as the self-employed or contract workers.
Personal Sick Pay offers a number of unique features especially for people working in these types of occupations, including;
- Personal Sick Pay £1,000 guarantee
- ‘Day one’ cover option
- Full and budget options (the budget option has a maximum claim period of 24 months)
iPipeline’s experience shows that more than 50% of Income Protection is sold as part of multi-benefit product and this enhanced coverage supports LV=’s strategy to be the number one choice for financial advisers.
Chris McNab, Head of Protection at LV= said, “This exclusive partnership with iPipeline will showcase our own personal sick pay products through their protection sourcing systems so that finding quotes for a variety of policies can be more accessible. By using iPipeline’s sourcing system, we are easily laying out the options so that the needs of the customer come first, whilst simplifying the process for our financial advisers.”
Ian Teague, UK Group Managing Director, iPipeline said: “We’re pleased to be working with LV= to bring this product to the market via SolutionBuilder and Assureweb. This opportunity enables us to continue providing advisers and their clients with access to the most appropriate cover which continues to be important to help grow the protection market.”
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