Bupa has cut income protection prices.
Bupa is reducing its premiums by up to 30 percent.
For a female accountant, non-smoker aged 30 and with a retirement age of 60, the monthly premium rate reduces from £50.39 to £35.89 for £250 per month benefit with a deferred period option of three months.
For a non smoking, self employed male painter who will be 50 next birthday and retiring at age 65, the monthly premium reduces from £139.93 to £111.60 for a benefit of £250 per month with a twelve month deferred period option.
Bupa Lifestyle and Income Protection
Covers income for 50 percent of salary up to £50,000 per annum earned and 33 percent thereafter. Customers must select a deferred period from when they are first incapacitated to when they can start to receive benefit. This may be one, three, six or 12 months if in paid work, or three months if not. Bupa HealthLine is offered free of charge as part of the policy - a confidential health information and support service staffed by a dedicated team of specialist nurses 24 hours a day, 365 days a year.
Income protection insurance : News update: August 2006