Holloway : Classic

Product profile

Description 

Pays a regular income when unable to work due to illness or accident

For

• 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

Basis of cover 

• Own occupation for all

• Pays full cover for first 52 weeks and 50% after that

• 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

• With-profits bonus after 24 months

• Tax free cash sum at retirement date

• Terminal illness

• Medical expenses

• Waiver of premium

Options 

• Day One with no deferred period

• Deferred period; 4/13/26/52 weeks

• Retirement age; 50 to 65

• Index linking

 
Last updated: 16 July 2009