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Type of Cover
Income protection provides a monthly income if you cannot work due to sickness or illness after a set deferment period.
Payments are made tax free and usually continue until you recover, reach the end of the policy or die.
These plans do not cover redundancy which can be covered under an accident, sickness and redundancy policy.
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| Annual Income |
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Age Cover Ceases |
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Age Cover Ceases
This is the age you want the cover to cease at. Note the minimum term is typically 5 years or untill aged 50 whichever is longer.
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Occupation
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| Monthly tax free benefit required £ |
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Leave blank for maximum benefit
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Monthly tax free benefit required £
This is the monthly sum you want the policy to cover you for, please leave blank to recieve a quote for the maximum available benefit i.e. if your annual income is £24000 the maximum cover available is generally £1000 per month.
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| Benefit Deferment Period(s) |
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Benefit Deferment Period(s)
In the event of a claim this is the time you must wait before receiving your monthly benefit. Note the longer the deferment period the cheaper the premium will be.
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| Business mileage per year |
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Business mileage per year
Some providers of income protection charge a higher premium if you drive over typically 15000 business miles each year or will set a different incapacity definition.
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| Increasing Benefit |
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