Adviser Centre

Income Protection Benefit Plan.

  • Defaqto 5 Stars 2014 for IPOur plan is designed to pay a monthly benefit to the client if they are unable to work due to incapacity caused by illness or injury, resulting in a loss of earnings. 
  • Can only be taken as a single life plan.
  • Income Guarantee - If the client needs to make a claim, and their salary is lower than it was when they bought the product, the monthly benefit we pay will be based on the lower of £1,500 per month or the monthly benefit on their plan. This could be made up of a combination of continuing income alongside the monthly benefit.
  • Own occupation is available for all clients, except for housepersons, meaning fewer people will be assessed under the Activities of Daily Living.
  • Activities of Daily Living have been updated to match the Specified Work Tasks; providing a consistent list across our IPB & CIC plans.
  • Employment related non-means tested State Benefits are no longer deducted from the monthly benefit paid at claim.
  • Full and partial premium discounts are included for some 'Mental Health' and 'Spine' exclusions.
  • Options available at outset include Low Cost Cover, Stepped Benefit or Indexation.
  • Benefits automatically included from outset are Waiver of Premium, Hospitalisation benefit, Continuous cover, Proportionate benefit, Linked claims and Life cover.
  • Cover can be increased using the Guaranteed Insurability Option (GIO) during the term of the plan without further underwriting.
  • Available for housepersons that work less than 16 hours per week, are not in paid employment, or are not working at the point of claim.
  • Other changes can be made to the plan and will be assessed at the time. 
  • Income Protection Benefit Plan should be reviewed regularly with your client.
  • This is not a savings or investment product and has no cash value, unless a valid claim is made.

Limitations and exclusions apply.


Income Protection Benefit Plan - product details