Holloway : Classic

• Aged 18 to 54 who are five or more years away from retirement
• The self-employed and employees

Maximum amount payable

• Weekly benefit £700
• £36400 a year
• 60% of earnings

•  Day one basis
•  Pays full cover for first 52 weeks and 50% after that
•  Own occupation
•  Must advise change of occupation
•  Proportionate benefit for return to lower paid work
•  Rehabilitation benefit for partial return to work
•  Premiums increase in age-bands every 4 years

Benefits  

• You choose the monthly amount
• Premium does not depend on sex, occupation or smoking
• Can increase benefits at any time
• Bonuses after 3 years
• Tax free cash sum at retirement date
• Terminal illness benefit
• Medical expenses benefit
• Waiver of premium

Options 

• Deferred period; 0/ 4/13/26/52weeks
• Retirement age; 50 to 65
• Index linked benefit