LV= amends and reduces cost of MPPI cover

The provider says the changes, which are the result of adviser feedback, target greater flexibility in matching cover to clients' sick pay and redundancy arrangements as well as a new pricing approach. A mortgage guarantee has also been added, which is designed to help those who are self-employed or whose income relies heavily on commission and bonuses. This will use the client's average regular monthly mortgage payments over the previous 12 months if they need to claim and can't provide proof of earnings to support their level of cover. Mark Jones, head of protection at LV=, expla...