Stand-Alone
Income Protection
Reasons to recommend
- Own job definition for all
- Premium Waiver included as standard
- Optional children’s critical illness cover
- Wide choice of deferred periods
- Cover up to 65% of annual earnings
- £1,500 Minimum Cover Guarantee
- Anniversary emails
- Lifestyle promise
- HALO claims service
- Choice of weekly or monthly claim payout date
- Guardian Anytime
- Hospital cover
STAND-ALONE Income Protection
With a choice of full-term or 2-year payment period and a wide range of deferred periods, our Income Protection can be tailored to fit any clients situation and budget.
What’s more, we pay out if illness or injury prevents your client from doing their specific job, not just their occupation.
Single
Guaranteed
Weekly or monthly amount
Level Cover, Increasing Cover (CPIH)
OWN JOB DEFINITION
We pay out if illness or injury prevents your client from doing their actual job, not just their occupation.
If we’re able to offer your clients cover, we’ll cover them for their own job. We don’t offer new clients an activities of daily working definition, as this rarely results in a successful claim.
PREMIUM WAIVER AS STANDARD
Premium Waiver has 28 days deferred period as standard, regardless of your client’s chosen Income Protection deferred period.
We’ll start waiving their Income Protection premiums 28 days after they’re unable to work, even if they’ve not lost any income yet.
OPTIONAL CHILDREN'S CRITICAL ILLNESS COVER
You can add our optional Children’s Critical Illness Protection to any adult cover, including stand-alone Income Protection.
You can choose any amount from £10,000 to £100,000, limited to the annual adult cover amount, multiplied by the cover term (if Income Protection is the only adult cover). What’s more, it can be added or removed at any time in the future.
WIDE CHOICE OF COVER OPTIONS
Clients can choose a full-term payment period, or a 2-year payment period which will reduce their premiums. And they have a choice of the following deferred periods: 4 weeks, 8 weeks, 13 weeks, 26 weeks and 52 weeks.
COVER UP TO 65% OF ANNUAL EARNINGS
Clients can cover a maximum of 65% of their annual earnings up to £60,000, 50% of annual earnings over £60,000 and up to £100,000, and 45% of annual earnings over £100,000.
£1,500 MINIMUM COVER GUARANTEE
Our Minimum Cover Guarantee protects against a future drop in earnings. If, when your client claims, their earnings don’t support their full cover amount, we’ll apply our £1,500 a month guarantee.
Anniversary emails
Our anniversary emails remind clients of the benefits of their policy, including the additional benefits they can use anytime. It also prompts them to speak to their Financial Adviser if their income changes, so you can make sure their cover remains aligned to their earnings. You can view a copy of the emails your client’s will receive each policy anniversary below, depending on if they have level or increasing cover.
CHOICE OF PAYOUT DATE
Clients can choose to receive their payouts from us weekly or monthly. And they can choose which day of the week, or date of the month, so they don’t need to rearrange standing orders and direct debits.
LIFESTYLE PROMISE
We may be able to reduce a client’s premium if they were paying an increased amount due to their health or lifestyle and they subsequently:
- Stop smoking
- Change job
- Give up sports activities
UNPAID WORK BREAK
Easily reduce the cover amount for up to 12 months, if clients take an unpaid work break, such as taking a sabbatical or unpaid parental leave. Clients can reduce their cover to 10% of their cover amount, or a minimum of £2,500 a year, whichever is higher. Their monthly premiums will also reduce.
HOSPITAL COVER
If during your clients’ deferred period they’re admitted as an in-patient to a UK hospital for 7 consecutive nights or more (up to a maximum of 90 nights) due to illness or injury, we’ll pay £150 for every night.
GUARANTEED INCREASE OPTION
We offer most policyholders the chance to add to their cover for key life events with no underwriting, no medical evidence and no application form.
Policyholders who have the guaranteed increase option on their policy can add to their cover with no underwriting, no medical evidence, no application form, up to the age of 55. See policy terms and conditions for more details.
ADDITIONAL SERVICES INCLUDE:
The support needs of each claimant and their immediate family are unique. That’s why we don’t simply offer a defined list of support services. Instead, we work with our professional partners to recommend a tailored support package.
Our claims team speak with the claimant and help identify if they need some additional support. They’ll agree a plan of action which might include vocational rehabilitation specialists and other return to work services. What’s more, these services are available as soon as the policyholder becomes too ill to work, irrelevant of their deferred period
We’re not just here for policyholders when they need to claim. All our customers get free additional benefits – anytime. This includes 24/7 GP consultations over the phone from anywhere in the world, UK-based face-to-face second medical opinions, over the phone consultations for emotional wellbeing and aches and pains.
