Executive income protection

The policy will be set up on a ‘life of another’ basis as the payments will be made to the business and passed onto the insured person via PAYE.

The insured person must be a UK resident and employee of a UK based business (including an employed director).

A UK business can be a limited company or a limited liability partnership.

• Cover can be level or increasing
• Up to 80% of the insured person’s income can be protected (up to a maximum of £25,000 per month or £300,000 per year for level cover or £14,000 per month or £168,000 per year for increasing cover)
• Policy must end before the insured person’s 70th birthday (65th for driving occupations and 50th for fitness instructors/dance teachers)
• Own occupation definition of incapacity (a claim can be made if the insured person is unable to do their specific job)
• Waiting periods include 4, 8, 13, 26 and 52 weeks
• Policy premiums are tax deductible for the business but can be subject to income tax and national insurance for the insured person
• Full and limited payment periods available
• Additional benefits included such as guaranteed insurability, stepped benefit, rehabilitation benefit, linked claims, plus many more

The policy will be set up on a life of another basis as the payments will be made to the business and passed onto the insured person via PAYE.

The insured person must be an employee of a UK based business earning a taxable UK income (this includes directors of their own limited company).

• Cover can be level or inflation-linked
• Up to 80% of the insured person’s income can be protected (up to £25,000 per month or £300,000 per year for level cover or £18,750 per month or £225,000 for inflation linked cover)
• Cover is available to those aged 17 - 59
• Policy term can a minimum of 5 years and must end by age 70
• Own occupation definition of incapacity
• Deferred periods include 1, 2 ,3, 6 or 12 months
• Policy premiums are tax deductible for the business but can be subject to income tax and national insurance for the insured person
• Full and budget executive income protection options available
• Additional benefits included such as guaranteed insurability, LV= business care, LV= doctors services, back to work support, plus many more

The policy will be set up on a life of another basis as the payments will be made to the business and passed onto the insured person via PAYE.

The insured person must be a UK resident and an employee of a UK based business (including directors of their own limited company).

• Up to 80% of the insured person’s income can be protected (up to a maximum of £150,000 per year)
• Cover is available to those aged 18 - 59
• Policy term can be 5 - 51 years (must end by age 70)
• Own occupation definition of incapacity
• Deferred periods include 4, 8, 13, 26 or 52 weeks
• Policy premiums are tax deductible for the business
• Full term or limited (up to two years) payment periods are available
• Additional benefits included such as rehabilitation benefit, linked claims waiver of premiums, Policy Plus, plus many more