Shepherds Friendly : Income Protection Plan

Product profile

Description

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.