Income Protection
The benefits
It is a very simple plan and offers the following key features:
- Protect up to 75% of your income
- Depending on the type of policy effected premiums can be guaranteed not to increase in the event of a claim
- Cover is guaranteed to continue until retirement, even if you have multiple claims once you maintain your premiums
- You can claim tax relief at your marginal rate on premiums paid
- This is the most comprehensive income protection plan available
- When claiming, should you choose to return to work you will be supported with rehabilitation and any training you need, all the while paying your claim.
- Your premiums can be either guaranteed (will not change during the term of your plan) or reviewable (will stay constant for the first 5 years of the plan and subject to review thereafter)
- Additional benefits under the Income Protection plan include:
- Guaranteed Increase Option - you may be able to increase your benefits at regular intervals without having to provide any medical information
- Hospital Cash benefit - you can receive an income if you are hospitalised for more than 7 days
- Overseas benefit - you will be covered as long as you are in the European Union or if outside the European Union we will pay benefit for 13 weeks in any 52 week period (to a total of 39 weeks)
- An optional benefit is indexation of premium and benefit amount.
As independent intermediaries we can advise you on the suitability of this product to your needs as Income Protection is available to people aged 18 - 55 and is subject to eligibility criteria. Your application may be affected by your occupation, health, smoker status and other aspects of your lifestyle. Terms and conditions apply
Call us today to arrange a no obligation financial review to discuss your needs and requirements