Key benefits, at a glance
Our Income Protection gives your client a helping hand. So if they’re unable to work, we’ll pay a monthly benefit to keep them afloat. Find key information to help you make a thorough comparison:
Income Protection | Budget Income Protection | Waiver of Premium | |
---|---|---|---|
Type of pay out |
|
| Pays the plan monthly premiums after a waiting period |
Types of cover | Level or inflation-linked | Level or inflation-linked | N/A |
Term | Minimum 5 years | Minimum 5 years | Age 69 or the end of the plan term if earlier |
Minimum age attained at entry | 17 | 17 | 17 |
Maximum age attained at entry | 59 | 59 | 59 |
Maximum age attained at the end of the policy term | 69 | 69 | 69 |
Minimum premium | £5 a month | £5 a month | Based on the total plan premium |
Percentage of salary | 60% | 60% | N/A |
Cover limits |
|
| N/A |
Occupation definition |
|
|
|
Maximum claim period | Whichever of the following happens first:
| Whichever of the following happens first:
| Whichever of the following happens first:
|
Waiting period | 1, 2, 3, 6, or 12 months. The 1 and 2-month option is not available for a small number of occupations – see our occupation guide for the full breakdown. | 1, 2, 3, 6, or 12 months. The 1 and 2-month option is not available for a small number of occupations – see our occupation guide for the full breakdown. | This will match the waiting period selected for Income Protection / Budget Income Protection. Maximum waiting period of 6 months |
Split waiting periods available | Yes | Yes | N/A |
Eligibility criteria | A permanent UK resident that has lived in the UK and has been registered with a UK GP for the last two years continuously | A permanent UK resident that has lived in the UK and has been registered with a UK GP for the last two years continuously | Your client must be a permanent UK resident |
Guaranteed increase options (limits apply - please see the policy conditions for full details) |
|
| N/A |
Extras (included as part of the contract) |
|
| N/A |
9am - 5pm Mon-Fri
TextDirect: first dial 18001. We will record or monitor calls for training and audit purposes.