Incomeprotector
Why should your customers take out Incomeprotector?
- Would your customers be able to afford to live if they were out of work due to accident, sickness or involuntary redundancy?
- The state currently pays £57.45 per week for single people over the age of 25. If your customer has savings of over £6000 they would be given less, and if they have savings of over £16,000 they probably wouldn’t qualify for state help.
Source: Direct Gov.uk – March 2007
GISecure’s Incomeprotector:
- Incomeprotector pays a maximum of 65% of the customer’s gross income for a maximum of 12 months until the customer is back on their feet and back to work.
- For example, if your customer earns: £15,000 gross per annum and requires back to day one benefit for disability and unemployment and business failure, they will be able to claim for £9,750 maximum benefit per annum. Based on this figure their monthly premium will be £42.66. In the event of unemployment, disability or business failure, we will pay £812.50 per month for a maximum of 12 months.
Key features of Incomeprotector:
- Back to day one, 30 and 60 day excesses available.
- Maximum benefit per month of £2,000 or 65% of gross monthly income.
- Maximum 12 months benefit period.