A protection policy covering living expenses on top of mortgage payments has been launched by provider LV=.
The Mortgage & Lifestyle Protection product offers cover against accident, sickness and unemployment, with level mortgage payment protection and the choice of level or index-linked living expenses protection all under one plan. LV= says the product is a unique addition to the protection market and has been launched because it understands that “consumer protection needs do not end when their mortgage does”. Chris McFarlane, head of protection at LV=, says: “Based on extensive research, we saw that the market needed a more flexible product that could be tailored to their client’s individua...
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