LV= extends offer for unemployment cover

LV= has extended a protection offer for new customers which allows consumers to make an unemployment claim within 60 days of taking out the policy.

The offer was first introduced for an initial three-month period in January and LV= has now decided to extend the offer for another three months.

Policies taken out on or before June 30 will qualify under the offer.

The Mortgage & Lifestyle Protection product offers cover for mortgage and living expenses, and accident and sickness cover that pays out until the client gets better.

Unemployment cover pays out for up to 36 months over the lifetime of the plan, with a maximum of 12 months for any one claim.

Chris McFarlane, head of protection at LV=, says: “The realities of the current employment market and wider economic climate are such that it is vital for people working in all sectors to ensure they have the right protection in place.

“With increasing numbers of people feeling insecure in their employment, our cover is more relevant than ever.”