Product profile
Description
A highly flexible plan that pays you a regular income if you are unable to work due to sickness or accident. MorganAsh nurses will tele-interview all potential customers for their health and occupational details.
For
- Aged 16 to 59
- The self –employed and employees
- BUT targeted at self-employed people aged 30 to 45
- Will consider all occupations nut may charge extra for more dangerous occupations
Maximum amount payable
- £ 36000
- 60% of monthly income or net profit
Basis of cover
- Minimum period 5 years
- Premium is age based
- Normal occupation
- Full benefit for the first 24 Months
- Reducing to 80% from the start of year 3
Benefits
- You choose the amount
- Guaranteed option to increase or decrease benefit
- Tax free cash bonus on retirement
- Terminal illness benefit
- Death benefit
Options
- Children's benefiit
- Indexation
- Waiver of premium
- Retirement age between 50 and 65
- Deferred period in weeks ; nil/ 2/4/8/13/26/52
Not Covered
- Engaged in hazardous pursuits, including: Motor sports, diving, hang gliding, paragliding, winter sports, mountaineering, pot holing or caving, aviation or competitive horse riding.
Want to know more
Last updated: 24 Aug 2007
