In a nutshell
An income protection product with an added investment element.
This Plan is designed to pay out a lump sum upon the Plan end date. However you should be aware if you cancel your plan or stop paying your premiums you’ll receive nothing.
people who want the security of income protection to Plan end date if accident, injury or illness stops them being able to work.
who would like a lump sum payment at the Plan end date – regardless of whether they claim.
No surprise premiums
Your premiums will increase with age but we’ll tell you by how much before your Plan starts to help you manage your costs.
After 3 years the plan starts to build a lump sum for retirement.
'Own Occupation' cover
We pay out if you can’t carry out your normal job.
Employed, self-employed or Co. Director
We cover up to 60% of your gross income up to £56,666 - and payments are tax free under current rules.
Covers illness, accident and injury
Our Plans cover you whether you get ill or have an accident or injury - whether it happens at work or not.
We don’t limit the number of claims you can make during the term of the plan.
Three things to be mindful of
This Plan has no cash in value
If you stop paying your premiums within the first 3 years.
Benefit may affect State Benefit
You should discuss with your adviser how any state benefit may affect the cover you need.
What's not covered
This Plan does not cover you for redundancy or unemployment caused by anything other than illness or accidental injury.
Flexible options to suit your needs
You can choose how long you have to wait before we pay an income. This means you can choose 4, 8, 13, 26 or 52 weeks to match the benefits to the sick pay provided by your employer (as applicable).
Level or escalating cover
You can choose to fix your benefit, or for it to keep pace with inflation.
Room to move
We know that circumstances change – so you can increase or decrease your cover.
You can stop paying your premiums for up to 2 years.
You can include or exclude these – and we’ll review them if your hobbies change so you’re not paying for something you no longer do.
Choice of Plan term
You can choose an age for which the Plan term ends.
With great support
Member Assistance Programme
We don’t just hand over cash, we offer a helping hand to help you get back to work from practical advice to real rehabilitation. Read more.
Pays to the Plan end date
This plan can pay benefits all the way to your Plan end date should you need it.
If you claim and wish to train for or start new employment at a lower salary, we may provide a partial benefit to reflect your reduced income.
Things to consider
Who is this Plan for?
You qualify for this product if:
- You work for at least 16 hours a week or more.
- You have been permanently resident in the UK for 36 months or more.
- You are between 18 and 54 years of age inclusive
- You have a minimum term of 5 years remaining before your chosen Retirement Age for the Plan.
- You have been registered with a GP in the UK for more than 36 months.
- You have a bank account in the UK.
- You are an Income Taxpayer in the UK.
Things to be aware of
- Our Plans do not cover you for redundancy or unemployment caused by anything other than illness or accidental injury.
- Our Plans do not over you for pre-existing medical conditions. However, as this is a "term policy" any condition you suffer from following the start date of the Plan will be covered.
For further details, please refer to the Key Features Document.
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