NFU Mutual : Essential Abilities Policy

Product profile

Description 

This is for people who don't have a full time paid occupation or who perform a job or activity that can't normally be covered by a standard income protection policy. It doesn't look at your earnings or your ability to carry on working, instead it provides a regular monthly benefit (tax-free) if you suffer an illness or injury that means you are unable to perform a number of specified basic daily tasks.

For

• Aged 18 to 59

• Employees and self employed in special occupations

• Part time workers and Housepersons

• All at least 5 years away from retirement

Maximum amount payable

• £20000 a year

Basis of cover

• Inability to do specific day to day activities-Abilities Test

• Suffer serious mental illness-Mental Health Test

• Suffer serious loss of vision-Seeing Test  o

• Minimum cover period 5 years

• Reviewable premiums

• Benefit continues as long as test met, even if return to  full or part time or less well paid work

Benefits

• You choose the amount

• No need to advise change of occupation

• World-wide cover

• Rehabilitation service

• Waiver of premium while benefits being paid

Options

• Deferred period; 4/8/13/26/52 weeks

• End at any age up to 65

• Index-linking

 
Last updated: 15 February 2010