Rental Protection Plan is designed to protect your clients who rent their home. It could help financially protect your clients by providing a monthly benefit which can be used to help pay the rent, in the event of a valid claim.

Rental Protection Plan includes a choice of three products, which are all exclusive through advisers:

Rental Income Protection Benefit

Designed to provide a regular monthly benefit which can be used to help cover rent payments if your client can’t work because of an illness or injury.

Rental Life Insurance

Designed to provide a regular monthly benefit for your client's surviving family. It can be used to help cover rent payments in the event of your client’s death.

Rental Life Insurance with Critical Illness Cover

Designed to provide a regular monthly benefit for your client or their family. It can be used to help cover rent payments if your client dies or is diagnosed with a specified critical illness.

Reasons to recommend Rental Protection Plan

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Cover can be tailored to suit different needs, with a choice of three products

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Access to Wellbeing Support included as standard, with a choice of other optional benefits

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No claims cut-off periods

Key features and benefits

 

 

Designed with renters in mind

If your client stops renting and takes out a mortgage, it’s easy to switch to our Income Protection Benefit plan. Available on Rental Income Protection Plan only.

We’ll beat competitors

In some instances, you may be able to use Price Beater to get the best price for your client. Please see our Price Beater guide for more details.

Changing Your Policy option

Allows your client to increase cover on specified events, including if their rent increases, without further medical questions. Eligibility criteria and restrictions apply.

Advanced payments for funeral costs

Families can receive an advance payment of up to £10,000 on a valid life insurance claim to help cover funeral costs, with payment made directly to the Funeral Director. Terms & Conditions apply.

Valuable cover for difficult times

Because it’s more than just a roof over their heads, it’s home.

Support from Umbrella Benefits

Rehabilitation Support Service

Included as standard with income protection. Supports a quicker return to work, and good physical and mental health.

 

 

 

Wellbeing Support

Access included as standard on protection policies. Personalised practical and emotional telephone support from a registered nurse.

 

 

 

 

Fracture Cover

Covers multiple claims a year if your client gets a specified injury, up to £4,000 a year. Available for an additional £5.90 a month*.

 

 

 

 

Private Diagnostics

Access some of the UK’s top consultants and diagnostic testing for cardiology, oncology or neurosurgery referrals. Available for an additional £4.50 a month*.

 

 

Care Concierge

A free telephone service which gives your client and their family access to later life care experts.

 

 

* Insured by AXIS Specialty London. The support and services are provided by Trustedoctor, a sister company of Further Underwriting International SLU

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Product details

For full details, see key documents for the Policy Summary and Policy Booklet

Rental Income Protection Benefit product details

Minimum cover
  • No minimum monthly benefit. Driven by minimum premium
Maximum cover
  • Level cover: £20,000 a month/£240,000 a year
  • Increasing cover: £14,000 a month/ £168,000 a year

If considered a houseperson – working less than 16 hours per week: £1,667 a month/£20,000 a year
Minimum term
  • 5 years but cannot end before 50th birthday
Maximum term
  • Depends on the age of the client when the policy ends. The policy must end after the client’s 50th birthday but before their 70th birthday or their planned retirement date, whichever is earlier
Minimum age
  • 18 to buy a plan
Maximum age
  • The day before 60th birthday to buy a plan
Policy must end before
  • 70th birthday**
Type of cover
  • Level cover
  • Increasing cover
Premiums
  • Guaranteed unless increasing cover is chosen

Rental Income Protection Benefit - benefits and options

Changing your policy (previously known as Guaranteed Insurability Option)
  • Can increase cover on certain specified events, without need for further medical evidence. Policy can be switched to Income Protection Benefit if they take out a mortgage. Eligibility criteria and restrictions apply
Other changes
  • Your client can request to make other changes to their plan. A new policy may need to be set up
Continuous Cover
  • Automatically included
Deferred Period
  • Your client can choose from 4, 8***, 13, 26 or 52 weeks
Income Guarantee
  • Automatically included
Life cover
  • Automatically included (equal to 12 x monthly premium)
Linked Claims
  • Automatically included
Low Cost Options
  • Optional. The benefit for any individual claim is limited to 12 or 24 months, depending on which option is chosen from outset. Not available with Stepped Benefit
NHS sick pay protection
  • For NHS dentists, doctors, nurses, midwives and surgeons
Proportionate Benefit
  • Automatically included
Rehabilitation Support Service
  • Automatically included at the point of claim
Stepped Benefit
  • Optional. Two levels of benefit can be chosen with two different deferred periods. Not available with the Low Cost Option
Waiver of Premium
  • Automatically included
Wellbeing Support
  • Access included as standard. Service provided by RedArc Assured Limited
Private Diagnostics
  • Optional benefit for an additional cost
Fracture Cover
  • Optional benefit for an additional cost

** There may be certain occupations that have limitations on the length of the policy

*** Minimum deferred period for most driving based occupations

Rental Life Insurance product details

For full details, see key documents for the Policy Summary and Policy Booklet

Minimum cover
  • No minimum cover amount. Driven by minimum premium
Maximum cover
  • £10,000 a month
Minimum term
  • 5 years
Maximum term
  • 40 years
Minimum age
  • 18. It is possible for a life of another policy to be taken on a 17 year old by an adult with insurable interest. This policy can then be placed in an Absolute Trust with the 17 year old as the beneficiary. Minimum age at the end of the policy is 29
Maximum age
  • 64 years old
Policy must end before
  • 70th birthday
Type of cover
  • Level cover
  • Increasing cover
Premiums
  • Guaranteed unless increasing cover is chosen

Rental Life Insurance benefits and options

Accidental Death Benefit
  • Automatically included
Changing your policy (previously known as Guaranteed Insurability Option)
  • Can increase cover on certain specified events, without need for further medical evidence. Eligibility criteria and restrictions apply
Other changes
  • Your client can request to make other changes to their plan. A new policy may need to be set up
Terminal Illness Cover
  • Automatically included for all policies with a term of two years or more
Waiver of Premium
  • Optional. Can be included for an additional cost
  • Eligibility criteria and restrictions apply
Wellbeing Support
  • Access included as standard. Provided by RedArc Assured Limited
Private Diagnostics
  • Optional benefit for an additional cost
Fracture Cover
  • Optional benefit for an additional cost

Rental Life Insurance with Critical Illness Cover product details

For full details, see key documents for the Policy Summary and Policy Booklet

Minimum cover
  • No minimum cover amount. Driven by minimum premium
Maximum cover
  • £4,000 a month
Minimum term
  • 5 years
Maximum term
  • 50 years
Minimum age
  • 18. It is possible for a life of another policy to be taken on a 17 year old by an adult with insurable interest. This policy can then be placed in an Absolute Trust with the 17 year old as the beneficiary. Minimum age at the end of the policy is 29
Maximum age
  • 64 years old
Policy must end before
  • 75th birthday
Type of cover
  • Level cover
  • Increasing cover
Premiums
  • Guaranteed unless increasing cover is chosen

Rental Life Insurance with Critical Illness Cover benefits and options

Accidental Death Benefit
  • Automatically included
Changing your policy (previously known as Guaranteed Insurability Option)
  • Can increase cover on certain specified events, without need for further medical evidence. Eligibility criteria and restrictions apply
Other changes
  • Your client can request to make other changes to their plan. A new policy may need to be set up
Children’s Critical Illness Cover
  • Automatically included
Terminal Illness Cover
  • Automatically included
Total and Permanent Disability
  • Can be included for an additional cost
Waiver of Premium
  • Optional. Can be included for an additional cost
  • Eligibility criteria and restrictions apply
Wellbeing Support
  • Access included as standard. Provided by RedArc Assured Limited
Private Diagnostics
  • Optional benefit for an additional cost
Fracture Cover
  • Optional benefit for an additional cost

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