An income protection product with an added investment element.
This Plan is designed to pay you an income if you suffer an accident, illness or injury and are unable to work. It 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 the Plan end date if accident, illness or injury stops them being able to work and the possibility of a lump sum payment at the Plan end date – regardless of whether they claim.
Your premiums will increase with age but we’ll tell you by how much before your Plan starts.
After 3 years the plan starts to build a lump sum to be paid at Plan end date.
We pay out if you can’t carry out your normal job.
We cover up to 60% of your gross income up to £100,000 – and payments are tax free under current rules.
Our Plans cover you whether you get ill or have an accident or injury - wherever it happens.
Unlimited claims can be made during the duration of the Plan.
If you stop paying your premiums your cover will cease.
You should discuss with your Adviser how any state benefit may affect the cover you need.
This Plan does not cover you for redundancy or unemployment caused by anything other than illness or accidental injury.
You can choose how long you have to wait before we pay an income. This means you can choose 1, 4, 8, 13, 26 or 52 weeks to match the benefits to the sick pay scheme provided by your employer.
You can choose to have a level benefit or for it to keep pace with inflation.
We know that circumstances change – so you can increase or decrease your cover.
You can stop paying your premiums for up to 6 months if you are made redundant, go travelling or are on maternity or paternity leave.
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.
You can choose any age between 50 to 70 for the Plan to end.
We don’t just hand over cash, we offer a helping hand to help you get back to work from practical advice to rehabilitation.
If you claim and could return to your pre-incapacity occupation in a part time or reduced role, you may receive additional benefit for up to 12 months to support your transition back to fulltime occupation.
If you claim and wish to train for or start new employment at a lower salary, we may provide a partial benefit for up to 12 months to reflect your reduced income.
You qualify for this product if:
For further details, please refer to the Key Features Document.