Designed to pay out a monthly benefit if your client is unable to work due to incapacity caused by illness or injury, resulting in a loss of earnings, while covered by the plan.

Cover overview

The monthly benefit is paid for the duration of a valid claim until the client recovers and is no longer incapacitated, the policy ends, or they die, whichever happens first.

Premiums are guaranteed unless the client makes any changes to their plan or they choose the Increasing Income Protection Benefit plan.

The amount of benefit your client receives depends on their income when they claim, how long they want the benefit to last and what benefits their employer may provide. Payment begins after your client’s chosen deferred period.

Our Low Cost Option can often provide cover for a lower premium. Multiple claims are permitted, with each individual claim payable for up to 12 or 24 months, depending which option is chosen at the start of the policy. However, if your client is classed as a houseperson then the plan will ends after their monthly benefit has been paid for their chosen claims period.

Stepped benefit is available with our Income Protection Benefit and Increasing Income Protection plans. This option provides two deferred periods, each with a different monthly benefit.

Plus, we’ll apply an income guarantee to the plan to help protect your client’s chosen monthly benefit if their earnings go down before they make a claim. Terms and conditions apply.

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 your client becomes unemployed.

The monthly benefit we pay out under your client’s plan may affect their claim to benefits paid out under other income protection plans.