INCOME PROTECTION
Income Protection provides financial protection for your client and their family if they’re unable to work and their income reduces due to illness or injury.
Product overview
Policy details
Basis: Single
Premiums: Guaranteed
Pay outs: Weekly or monthly amount
Type of cover: Level Cover, Increasing Cover (CPIH)
Minimum age at entry: 18
Maximum age at entry: Age 59
Maximum age at end of term: 70 (this may be lower for some jobs)
Minimum cover amount: £2,500 a year
Maximum cover amount: Up to £250,000 a year
Key Product Features
Own job definition: Pays out if your client can’t do their actual job
Premium Waiver: Comes as standard with every policy
Wide choice of cover options: Full-term or 2-year cover, with deferred periods from 4 to 52 weeks
Optional Children’s Critical Illness Protection: Can be added to adult cover anytime
£1,500 minimum cover guarantee: Protects clients if their earnings fall before they claim
Lifestyle promise: We may be able to reduce premiums if they were paying an increased amount and they subsequently stop smoking, change job or give up activities
Up to 65% of annual earnings covered: A maximum of 65% of annual earnings covered up to £60,000, 50% of annual earnings over £60,000 and up to £100,000, and 45% of annual earnings over £100,000
Additional Services
HALO: Access to tailored medical and legal support at the point of claim
Anytime: At no extra cost access to a GP 24/7, second medical opinions, wellbeing and aches and pains consultations at any time
HALO and Guardian Anytime don’t form part of your client’s contract with us, and we can change or remove the benefits included at any time.
