Articles - LV= enhances protection underwriting rules


 Protection specialist LV= has announced changes to its underwriting rules which will result in an increase in the number of applications receiving an immediate online decision.

 Products benefiting from these changes are life cover, critical illness and income protection applied for through LV='s Flexible Protection Plan.

 The changes to LV='s online system include a reduction in medical evidence requests for applicants with hypertension and raised cholesterol; and a reduction in the number of exclusions applied for people with muscular back pain or strain.

 Changes have also been made to make it easier for advisers to get immediate decisions on applicants who have previously suffered benign lumps or cysts, kidney disorders, gynaecological conditions, and ear disorders.

 The changes were made after LV= reviewed data from previous applications where the medical conditions disclosed required further evidence. LV= has incorporated this data into its online quote engine meaning the process is now more streamlined for applicants with similar conditions..

 Mark Jones, LV= Head of Protection said: "We have an in-house team dedicated to improving our underwriting system, making it even easier for IFAs to place business with LV=. The latest changes to our underwriting rules will mean that new business can be written faster and we can offer standard rates to more customers. We will continue to invest in our proposition to ensure we offer the best experience and service possible for advisers and their clients."

Back to Index


Similar News to this Story

It aint what you do its the way that you do it
....that’s what gets results…. I may be showing my age with this Bananarama song but it’s really appropriate now we’ve started to see the first DC C
One more year so can we stop thinking about IFRS17 for now
On 14 November 2018, the IASB announced a deferment of the IFRS17 implementation date by a year, with some still calling for a two year delay.You coul
Allowing for climate related risks
Allowing for climate related risks when setting long term financial assumptions

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.