Advisers can now quote and apply for LV=’s budget income protection (IP) product through the Avelo Exchange comparison portal.

Changes to the Avelo Exchange portal mean that IFAs can now automatically compare premiums for full IP products against those with a limited claim period, such as LV=’s budget IP which pays out for a maximum of 24 months.

The budget IP product is available on the Avelo Exchange portal alongside the other policies in LV=’s flexible protection plan (income protection, life cover and critical illness), as well as LV=’s family income benefit and whole of life cover.

Mike Farrell, LV= head of protection sales, said: “The Avelo Exchange portal is used by over 20