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Product profile
Description
Pays a monthly benefit for a selected period should illness or injury mean one or more key directors/partners or employees are unable to work
Provides a regular monthly benefit payment to replace lost earnings.
Small companies tend to be particularly reliant on the services of a few valuable people.
For
Businesses insuring 1 or more individuals aged 18 to 64
Maximum amount payable
75% of gross earnings
£200,000
Basis of cover
Benefits
You choose the amount
Can vary amount for different individuals
Can protect pension and national insurance contributions
Vocational rehabilitation service for individual and business
Can increase cover on marriage, childbirth, increased mortgage,salary rise
Index linked benefits
Career break
No need to advise change of occupation
Waiver of premium while benefits being paid
Lower benefit if return to part-time or less well paid work
World-wide cover
Extended cover while not in paid work
Options
Deferred period; 4/8/13/26/52 weeks
2 or 3 or 5 or more years cover
Retirement age 50 to 75
Can receive benefits until state retirement age
Disability plus increased benefit after 2 years off work
Last updated: 24 Aug 07
