Income Protection Solutions
- Premiums start from as little as £10 a month (guaranteed or reviewable).
- 60% of the first £25,000 of your client’s earnings covered, then 50% of the remainder up to a maximum of £180,000
- Benefits can be set up on a level or index-linked basis.
- There’s a choice of deferred periods available, from 4 weeks up to 112 weeks.
- Guaranteed Insurability option.
- Limited Payment Term option paying benefit up to 5 years.
- Clients able to make multiple eligible claims during plan’s life.
- Lump sum benefit payable on death during the first 12 months of a claim.
- Benefits in Kind, Hospital Benefit, Retirement Benefit and benefit for house-persons, part-time workers and the unemployed also available.
- Restricted Benefit available should your client choose to take a career-break.
- Easy for clients to claim with our team of dedicated handlers.
- Clients have access to our 24-hour GP helpline, 24-hour stress counseling helpline and an online personal health management service.
All applications are submitted electronically and all medical and personal details are captured in a confidential tele interview with medically trained staff. Making the process simpler, faster and reducing the potential for claims declined due to inadvertent non-disclosure.
Product Details
| Criteria | Min/Max | Details | Notes |
|---|---|---|---|
| Age Limits | Min Age | 18 | Clients must be a resident of the UK, Channel Islands or Isle of Man when they take out the plan. |
| Max Age | 54 | ||
| Term | Min Age | 5 years | Benefits are payable until your client reaches their intended retirement age (maximum age 70) or until they reach the end of their Limited Payment Term, if they have chosen this option. |
| Max Age | None | ||
| Payment Limits | Min premium | £10/month | Minimum annual premium is £120.Monthly and annual premiums must be paid by direct debit. |
| Maximum Cover | £180,000 | We provide cover for 60% of the first £25,000 of your client’s earnings, then 50% of the remainder up to a maximum benefit of £180,000. | |
Charges
There are no additional charges for clients to pay. All charges for our Income Protection Solutions plan are included within a client’s monthly premiums.
Commission
Introductory 150% in year 1 (paid over years 1-4)
Renewal 2.5% from year 5
Income Protection Solutions
| Designed for clients who | Not designed for clients who |
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| Key considerations | Possible alternatives |
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Secure services
- Quote / Illustrations online (via The Exchange, Assureweb, Webline)
- Apply Online
- Retrieve quotes and applications
- New business tracking
We realise that many intermediaries are concerned over client non-disclosure or are uncomfortable in asking searching medical questions. We also realise that many customer may not provide full details face to face. As such all applications are submitted electronically and followed up by a short medical teleinterview with your client to capture all their medical and personal information confidentially over the phone. We believe this provides you with extra security and peace of mind, helps your client and reduces the need for additional medical information.
Case Studies
Does your client need Income Protection Solutions? Our case studies show how clients have benefitted from this cover.
Got a question? Visit our Income Protection Solutions pages on Healthcare Zone
We have a wide range of support staff available to help you, click here to find the right number that meets your needs.
