WHAT IS INCOME PROTECTION?

Income protection pays out a monthly benefit for your clients if they are unable to work due to incapacity caused by illness or injury. 

Your clients can use this benefit in any way they like - from helping towards the mortgage repayments, household bills or covering medical care, to simply helping to maintain their lifestyle. This benefit is paid until they recover and can return to work or they no longer qualify. 

The benefit we pay may affect your clients claim to some means tested state benefits, but their entitlement to Employment and Support Allowance (ESA) won't be affected. However, state benefit rules may change.

Sales literature

Learn more about what's changed in our new Income Protection Benefit Plan and why you should consider adding it to your product range. We've developed the following material for you and your clients.

Income protection support pack containing:

• Adviser guide
• Customer flyer
• IPB and MPPI - the facts side by side
• Competitor comparison flyer
• Sales cards
• 5 star CIC and IP - the features

Additional literature:

• Key Features
• Occupation Class Guide
• Application Form
• OLP Connect Data Application Form (W11904)

Start today

For further information about the benefits and limitations of the plan, and for copies of our updated Income Protection Benefit Plan sales literature, please speak to your usual Legal & General contact or the IFA Protection Sales Team on 0845 273 0010 or email ifaprotection@landg.com. 

Lines are open Monday to Friday 9am-5pm. We may record and monitor calls.

INCOME PROTECTION BENEFIT CALCULATOR

This calculator is for illustrative purposes only and based on Income Tax and state benefit rates for the year 2010/2011. All figures are approximate and based on the assumptions below. For more accurate figures please check with the relevant organisations, for example the HM Revenue and Customs. Tax rules and benefits may change. No allowance has been made for child tax credit which may be applicable.

National Insurance (NI) contributions are assumed for all occupations. It is assumed the customer stays on the same NI class whilst not working. They don't pay NI contributions on Income Protection benefits at claim time.

* We have assumed the Employment and Support Allowance (ESA) Work Related Activity Group benefit of £94.25 per week = £408.42 per month entitlement to state benefits is dependent on meeting strict eligibility criteria. ESA is only payable if your client meets the threshold of incapacity under the Work Capability Assessment. Any ESA received is liable to income tax. Further information on ESA can be found at The Department for Work and Pensions: www.dwp.gov.uk/employment-and-support.

**The benefit payable under a Legal & General income protection policy may be reduced in some circumstances. Please see our key features document for more information on the policy benefits and limitations.