Pioneer: Professional Income Protection

• Aged 18 to 54 who are five or more years away from retirement
• The self-employed and employees    
• In list of approved low risk professions
• With road mileage of under 25000 miles a year

Maximum amount payable

• £100000
• Maximum benefit 40% of gross income

• Pays full cover for period of plan
• Own occupation basis
• Must advise change of occupation
• Reduced benefit for partial return to work
• Premiums increase each year with age
• Non-smoker discounts
• Rates vary between men and women

Benefits

• You choose the monthly amount
• Can increase benefits at any time
• State benefits not deducted
• No standard exclusions
• Health Claims Advisory Service

Options

• Deferred period; 0/4/8/13/26/52weeks
• Retirement age ; chose between 50 and 65
• Index linking
• Career break