Cirencester : Income Assured Plus

Product profile

Description 

Keeps weekly income coming in when illness or injury prevents you working

For

• Aged 16 to 59

• The self-employed, employees who would rely on state benefit during incapacity, part-timers and house persons

   

Maximum amount payable

• Depends on number of weekly units selected

• Maximum benefit 60% of earnings

• £40,950 a year

Period of Cover

• Minimum 5 years

Basis of cover

• Day one basis

• Own occupation

• Must advise change of occupation

• Limited cover for non-workers

• Proportionate benefit for return to lower paid work

• Rehabilitation benefit for partial return to work

• Premiums increase in age-bands

Benefits

• You choose the weekly amount

• Can increase benefits at any time

• No premium loading for occupation

• No premium loading for sex

• Same rates for smokers as non-smokers

• Terminal illness benefit

Options

• Deferred period; 1/4/8/13/26/52weeks

• Retirement age ; 50/55/60/65

• Index linking

• Waiver of premium

• Accident protection

• Investment

• Career break option after 3 years

• Level or reducing benefit basis

• Ability to extend term to allow for changes in state retirement ages

 
Last updated: 30 October 2008