Income Protection Benefit

This income protection insurance policy can help support you with a monthly payment if you’re ill or injured and can’t work. Income protection cover pays a proportion of your lost earnings, which could help cover your monthly outgoings.

Income Protection Benefit

If you are unable to work due to incapacity caused by illness or injury, this insurance product helps to protect against a loss of income, while covered by the plan. Your premium remains unchanged for the duration of your cover unless you increase it.

This could help you pay essential bills like your mortgage, rent and other outgoings such as utilities and food, enabling you to focus on your recovery. It can provide you with either a fixed monthly benefit amount or cover a percentage of your earnings following the deferred period.

What options are available?

You can choose the type of cover for your policy based on your needs. There are three options to choose from.

  • Increasing Income Protection Benefit

This helps protect the monthly benefit against changes in inflation.

  • Low Cost option

This helps to reduce the cost of the plan, and includes the option that the benefit can be paid out for one or two years for each individual claim .

  • Stepped Benefit

This provides two deferred periods, and two different monthly benefits, all within one plan.

It is worth noting that Income Protection Benefit is not a savings or investment product and has no cash value unless a valid claim is made. This product does not include unemployment cover and therefore will not pay out if you become unemployed. The monthly benefit from this plan may affect your claim to benefits paid out under other income protection plans.


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