Income Protection Benefit
Flexible income protection that helps cover loss of earnings.
- Pays out after a waiting period of 4, 8, 13, 26 or 52 weeks – it's up to you. Pay outs are monthly in arrears
- Covers up to 60% of your gross annual income, up to £60,000 a year. Then 50% of your gross annual income over £60,000 a year
- Cover lasts until your chosen retirement age, but you can cancel at any time without charge
- You'll receive the monthly benefit until you return to work or your policy ends
- Pay outs are tax free, but could affect a claim for state benefits
This policy does not include unemployment cover so will not pay out if you become unemployed and it is not a savings or investment plan and has no cash value unless a valid claim is made.
Get advice
Income Protection Benefit is available from our expert advisers. They can:
- Help if you are unsure about the protection you need.
- Make recommendations for protection to suit your personal circumstances.
- Help you make your application.
Call our team for advice on 0800 294 02750800 294 0275 to talk through your options and to receive a personalised quote to fit your needs.