LV= has launched a life cover product that allows employers to set it up on behalf of employees or company directors in a tax-efficient manner.
LV='s Relevant Life Cover is based on LV='s standard Flexible Protection Plan (FPP) Term product, which includes terminal illness cover and guaranteed insurability options. It has the same flexible application options, including online, tele-interview or paper, and high financial underwriting limits. However the cover must end before the insured reaches 75, and the policy can only provide life and terminal illness cover, and must be written into trust from outset. LV= offers a continuation option which means that if the insured leaves employment the policy will be cancelled, but if...
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