Income protection for illness or injury with a claim period limited to 1 year or 2 years.
- Type of Plan
- Protection only
- What is the youngest/oldest I can be to buy a Plan?
- 18/59
- What is the minimum time I can have a Plan for?
- 5 years
- Maximum age at end of Plan
- 50 to 70
- How long must I wait before making a claim (Deferred Period)?
- 1, 4, 8, 13, 26 or 52 weeks
- What is the maximum salary (before tax) you will cover?
- £100,000 per year
- Max benefit % income
- 60%
- What is the maximum benefit payment I could receive?
- £60,000 per year
- What is the longest time I could claim for?
- One or two years only
- Can I claim multiple times on the Plan?
- Yes
- Does the benefit payment stay the same?
- Yes - with option to increase benefit in line with RPI
- What does Incapacity mean?
- An illness or injury occurring during the cover period which prevents you from engaging in your 'own occupation'
- Are my Premiums guaranteed or are they reviewed?
- Guaranteed to your client's rate table. Age-related increase each year on 1st Jan.
- Is my benefit payment linked to the retail price index (RPI)?
- If selected will increase by RPI (max 10% per year)
- Is there a waiver of Premium?
- After 'Deferred Period'
- Is there a guaranteed income option?
- Yes
- When and how will my benefit be paid to me during the claim?
- Twice monthly via direct credit
- Is there a tax free lump sum at the end of the Plan?
- No
- Are there additional benefits with the Plan?
- Free Member Assistance Programme
