Protect yourself against loss of income through serious illness or injury with our Income Protection Plan. Unlike LifeChoices which pays benefits after 60 days, you can decide to wait for a longer period before benefits start and also receive benefits for longer.
- Pays you a monthly benefit if you are unable to work due to accident or sickness.
- Choose your level of income protection benefit up to a maximum of 50% of your taxable earnings or 50% of your net profit if you are self-employed.
- Take your policy with you if you change jobs.
- You can choose when your benefit payments start.
- Receive an income until you're fit enough to return to work, reach retirement age or until the agreed end of the cover.
- No increase in your premiums if you make a claim.
- Claims payments are tax free and linked to inflation. Currently no income tax liability on benefits, provided premiums paid from taxed income. No tax relief on premiums.
- Income Protection Plan also available for directors and key employees.
