Holloway : Classic Plus

Product profile

Description 

Pays a regular income to replace loss of earnings when you are unable to work due to illness or accident.

For

• Age 18 to 54 who are ten or more years away from retirement

• Self-employed and employees

Maximum amount payable

• Weekly benefit £500

• £26000 a year

• 50% of earnings

Basis of cover 

• Own occupation for first 24 months and any suited occupation after that

• Pays full cover until return to work

• Proportionate benefit for return to lower paid work

• Rehabilitation benefit for partial return to work

• Premiums increase with age

Benefits  

• You choose the monthly amount

• Premium does not depend on sex, occupation or smoking

• No initial 12 week qualifying period for benefit entitlement

• Can increase benefits at any time

• With-profits bonus after 36 months

• Tax free cash sum at retirement date

• Terminal illness

• Medical expenses

• Waiver of premium

• Career break

Options 

• Day One with no deferred period

• Deferred period; 4/8/13/26/52 weeks

• Retirement age; 50 to 65

• Index linking

 
Last updated: 14 October 2010