Executive Income Protection


Cover an employee with Legal & General
Executive Income Protection.

Introducing Executive Income Protection

If you run a small business, getting some financial protection for your key personnel can give you and your colleagues some peace of mind. Here, we explore how Legal & General Executive Income Protection works.

What is Executive Income Protection?

Executive Income Protection pays a monthly benefit to the business if your named employee is unable to work through illness or injury. The money can be put towards the employee’s ongoing sick pay so that they don’t have to rely on their savings or state benefits.

What does Executive Income Protection cover?

If you take out Legal & General Executive Income Protection, the policy can be used to cover your employee’s income from a range of sources, including:

  • Earnings
  • Dividends
  • P11D benefits

At an extra cost, Executive Income Protection insurance can also cover:

  • Employer pension contributions
  • Employer National Insurance contributions.

Customer Contact

To discuss our Business Protection Plans, call us on 0800 197 9208.

Lines open 9am to 5pm Monday to Friday.

We may record and monitor calls.

Alternatively, email us on businessprotection@landg.com

Looking for the adviser centre?

If you are an adviser looking for support for your clients, our adviser and wealth management centre can provide all the information you need.

Key features and benefits

Fast underwriting decisions

83% of underwriting decisions are instant.

Changing Your Policy option

Allows you to increase cover on specified events, without further medical questions. Eligibility criteria and restrictions apply.

Includes Waiver of Premium

You won’t have to pay your premium while the benefit is being paid.

Additional cover options

Cover employer National Insurance and/or employer pension contributions for an additional cost.

Protect against inflation

Option to choose increasing cover, which increases in line with the changes in the Retail Prices Index.

Cover can include spousal earnings

Cover may also include taxable earnings payable to the employees’ spouse or civil partner by the policy owner during the same period which would stop because of the employees’ incapacity. Please see Policy Booklet for details.

Speak to a qualified financial adviser

If you'd like to discuss which type of business protection might suit your business, and for all other enquiries about business protection, email businessprotection@landg.com or contact Legal & General on 0800 197 9208 (9am to 5pm Monday to Friday). Calls may be monitored.

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