LV= pays 94% of protection claims

The mutual paid 100% of 50 Plus claims, 98% of life insurance claims, 92% of critical illness claims and 90% of income protection claims. In total, LV= paid out almost 7,000 claims over the year, around 2,000 more than the year before. The highest claim paid in the year was £600,000 for a critical illness claimant. The most common conditions for critical illness claims were cancer (65%), heart-related conditions (13%) and strokes (7%), while the most common claims for income protection were for musculoskeletal disorders (23%), mental health issues (14%) and cancer (14%). Last year,...