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AXA : Protection Account-Income Protection Cover

 

Product profile

 

Description 

Pays a regular monthly amount if you are unable to work due to illness or injury and suffer a loss of earnings as a result
  

For

  • Aged 18 to 59
  • Employees, self employed,part-time workers,  and housepersons
  • All at least 5 years away from retirement 
 

Maximum amount payable

  • 65% of the first £2,500 of monthly earnings
  • 40% of earnings above £2,500
  • £11,000
 

Basis of cover

  • Normal occupation
  • Minimum cover period 5 years
  • Limited cover for those not in full time work
  • Proportionate cover
  • Rehabilitation cover
  • Hospitalisation cover
  • Payment Protection Cover

Benefits

  • You choose the amount
  • Guaranteed or reviewable basis
  • No need to advise change of occupation
  • Waiver of premium while benefits being paid
  • Guaranteed option to amend cover on specified life changing events
  • Helplines
 

Options

  • Deferred period; 4/8/13/26/52/104 weeks
  • Retirement age ; 50 to 65
  • Index-linking
 
Last updated: 4 February 2008