Introducing a range of enhancements across all our Income Protection products, which include even more flexible, inclusive and tailored solutions for your clients.
Key enhancements include
- 26- and 52-week deferred periods added across all products helping tailor cover to your clients’ needs and budget (previously only available on Long Term Protect)
- Additional salary and rent Guaranteed Insurability Options (GIOs) across all products allowing your clients to increase their cover without the need for further underwriting, plus, full range of GIOs added to Breathing Space
- Mortgage Payment Option added across all products which enables your clients’ claim benefit payments to be paid directly to their mortgage lender helping avoid any potential impact on clients claiming Universal Credit
- Breathing Space policy end age increased to 70 helping tailor cover to your clients’ retirement plans
These changes are effective from 10am on the 12th November and apply to new business quotations and applications submitted from this date.
We have recently undertaken a review of our occupation list and we now offer cover to more occupations including pilots and fitness instructors.
Plus, to give you extra clarity on our stance and help you manage client expectations, we’ve created a brand-new Occupation Guide which replaces our previous list of ‘excluded occupations’ in our Terms and Conditions and on our online application journey.
There are more than 5 million self-employed people in the UK and it’s estimated that by 2022 over 7 million people will work in the gig economy.
Even though fluctuating incomes and lack of historic accounts make it difficult for these customers to prove a regular level of income, we have a great solution: Breathing Space.
Breathing Space is a non-financially underwritten product, giving these customers the flexibility to get Income Protection and protect what matters. Learn more about Breathing Space here.
Our Products
We offer long term and short term affordable own occupation Income Protection products - providing your clients with cover that pays out when they really need it.
Long Term Protect
Cover your client for up to 70% of their annual taxable income until a maximum policy end age of 70
Short Term Protect
Cover your client for up to 70% of their annual taxable income for their choice of 1, 2, or 5 years until age 70
Breathing Space
Cover up to £1250 per month for 1, 2 or 5 years until age 70 with no need to prove income or hours