Cirencester : Income Assured Plus

• 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

• 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