What is it?
- Lifestyle Cover is a short-term income protection policy. The cover it provides is linked to income rather than any specific credit agreements.
- Monthly benefit up to 65% of your client’s gross monthly income (this being income before taxes or any other deductions).
- Up to 12 months benefit payment period.
- Maximum benefit of £3,000 per month.
- Choice of ASU/AS/U.
- Ability to change cover options if circumstances change.
- Choice of four deferred periods for AS and three deferred periods for U.
- Risk rated premiums at point of sale without lengthy medical underwriting.
- Easy switching from existing product providers, with no break in unemployment cover (subject to meeting certain criteria, which can be found in the Policy Booklet).
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