LV= pricing offer aims to stimulate new adviser interest in IP

LV= is aiming to offer the lowest premium for IP in nine out of every ten cases.

Mark Jones, LV= head of protection, said:

"We all know that we need to engage more people in the importance of protecting their income, but this also means encouraging advisers that aren't already active in this market to find out more about advising their clients on IP.

"We are introducing this pricing offer help grab the attention of advisers that aren't yet doing a lot of income protection business, and then we can support them through the process with online tools and services such as our free pre-underwriting helpline, currently used by around 300 advisers a day.

"We hope that this gives advisers a great reason to kick-start a discussion with their clients about this type of cover."

LV= is one of the leading income protection providers in the advised market, and its Defaqto five star rated product includes benefits such as no standard exclusions, and a £1000 benefit guarantee for those people whose income fluctuates.

LV= is one of only a few providers to release claims statistics for income protection, with 93% of claims paid in the 12 months to 30 June 2011.