How much cover?
Many employers choose to set the amount of cover for their Relevant Life Cover as a multiple of their employee's salary (in the same way as a group death in service scheme). LV= calculates a suggested maximum amount of cover based on the employee's age and gross annual earnings.
If you're not sure how much LV= Relevant Life Cover your client can cover their employee for, use this calculator to give you a guide.
Something to bear in mind: If your client wants cover of more than £1 million for their employee, we'll ask them to complete a Financial Questionnaire. The maximum amount of cover available is £10 million.