Bupa : Bupa Lifestyle and Income Protection

Product profile

Description 

Pays a regular monthly income if you are unable to work because of ill health and this results in loss of earnings

For

• Aged 18 to 69

• Employees and self employed, homemakers and unemployed 

Maximum amount payable

• Income basis

  • 50 % of pre-incapacity earnings , for earnings up to £50000 a year, and 33/3% for earnings above £ 50000

• Mortgage outlay basis

  • whichever is the lower of 140% of mortgage payments

Basis of cover

• Normal occupation

• Homemaker benefit on 3 months deferred basis

• If not in paid work,if unable to carry out two of five specified day-to-day activities

Benefits

• You choose the amount

• Waiver of premium while benefits being paid

• Rehabilitation benefit for lower paid work

• BUPA Healthline 24/7 advice and information

• Carers lump sum benefit

Options

• Mortgage outlay or income basis

• Deferred period; one/three/six/twelve months

• Retirement age ; 50/55/60/65

• Reviewable/Renewable or Guaranteed premium

• Guaranteed insurability

• Premiums and benefits index-linked

• Limited benefit period to 2 years

Last updated: 23 February 2008