Income Protection:

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Income Protection: 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 ProtectionBudget Income ProtectionWaiver of Premium
Type of pay out
  • Monthly income after the chosen waiting period.
  • Lump sum if your client dies before the end date.
  • Lump sum if your client is diagnosed with a specific bone fracture.
  • Lump sum if your client’s child is diagnosed with a specific illness, or undergoes a specific operation or medical procedure.
  • Monthly income after the chosen waiting period.
  • Lump sum if your client dies before the end date.
  • Lump sum if your client is diagnosed with a specific bone fracture.
  • Lump sum if your client’s child is diagnosed with a specific illness, or undergoes a specific operation or medical procedure.
Pays the plan monthly premiums after a waiting period
Types of coverLevel or inflation-linkedLevel or inflation-linkedN/A
TermMinimum 5 yearsMinimum 5 yearsAge 69 or the end of the plan term if earlier
Minimum age attained at entry171717
Maximum age attained at entry595959
Maximum age attained at the end of the policy term696969
Minimum premium£5 a month£5 a monthBased on the total plan premium
Percentage of salary60%60%N/A
Cover limits
  • Level - £20,833
  • Index linked - £14,583
  • Level - £20,833
  • Index linked - £14,583
N/A
Occupation definition
  1. Own occupation
  2. or Homemakers
  1. Own occupation
  2. or Homemakers
  1. Own occupation
  2. or Homemakers
Maximum claim periodWhichever of the following happens first:
  • your client gets better
  • the policy end date
  • your client dies
Whichever of the following happens first:
  • 12* or 24 months claim period (multiple claims available)
  • your client gets better
  • the policy end date
  • your client dies

* Available on guaranteed premiums only.		Whichever of the following happens first:
  • your client gets better
  • the policy end date
  • your client dies
Waiting period1, 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 availableYesYesN/A
Eligibility criteriaA permanent UK resident that has lived in the UK and has been registered with a UK GP for the last two years continuouslyA permanent UK resident that has lived in the UK and has been registered with a UK GP for the last two years continuouslyYour client must be a permanent UK resident
Guaranteed increase options (limits apply - please see the policy conditions for full details)
  • An increase in the mortgage as a result of moving home, or home improvements
  • An increase in rent as a result of moving into a new rental property or as a result of an increase imposed by the landlord
  • Marriage or civil partnership
  • Birth or legal adoption of a child
  • Their basic salary increases by more than 10%
  • Significant career progression if there's an increase in basic salary of at least 20% (once only during the lifetime of the policy)
  • An increase in the mortgage as a result of moving home, or home improvements
  • An increase in rent as a result of moving into a new rental property or as a result of an increase imposed by the landlord
  • Marriage or civil partnership
  • Birth or legal adoption of a child
  • Their basic salary increases by more than 10%
  • Significant career progression if there's an increase in basic salary of at least 20% (once only during the lifetime of the policy)
N/A
Extras (included as part of the contract)
  • Career break option
  • Rehab support services
  • Fracture cover
  • Death benefit
  • Payment of premiums during unemployment
  • Sick pay guarantee
  • £1500 benefit guarantee
  • Parent and child cover
  • LV= Doctor services
  • Member benefits
  • Career break option
  • Rehab support services
  • Fracture cover
  • Death benefit
  • Payment of premiums during unemployment
  • Sick pay guarantee
  • £1500 benefit guarantee
  • Parent and child cover
  • LV= Doctor services
  • Member benefits
N/A
Contact Phone

Let's talk

0800 678 1890

9am - 5pm Mon-Fri

TextDirect: first dial 18001. We may record or monitor calls for training and audit purposes.