What is Income Protection?

Size: px
Start display at page:

Download "What is Income Protection?"

Transcription

1 What is Income Protection? Income Protection (also known as Permanent Health Insurance or PHI) provides you with a replacement income in the event that you are unable to work due to any accident, illness or disability. The payment will commence once you have been disabled for a set period of time (known as the deferred period ). These payments will continue until you have recovered and are fit to return to work, or until your chosen retirement age if you are unable to go back to work. It is very suitable for; Those in full- time work be they employed or self employed. Certain occupations such as professionals, managerial staff, administrative and clerical workers. Those with a relatively clean bill of health Frequently Asked Questions How much Income is protected? The maximum that you can cover yourself for is 75% of your income less any social welfare entitlements (currently circa 10,000 per annum). Note that State Illness Benefit is not paid to self- employed people. There are some limits which vary slightly across life companies; but Friends First (our Income protection provider) cover 75% of the first 125,000 of salary plus 33% of the balance of your income, less social welfare entitlement. This is subject to an overall maximum of 175,000. What Income counts? It must be earned income so you cannot include rental income or dividends for example. What are the relevant deferred periods? The deferred periods are 13, 26 and 52 weeks. The deferred period is the time between when you are injured and when the policy will commence payment. The longer the deferred period, the lower the premium. Think about how long your savings would keep you going for to help you decide on the deferred period. Is there any Tax Relief? Yes - The premiums you pay attract tax relief at your marginal rate.

2 Where does occupation come into it? Your occupation is very important as some occupations will not be covered due to the nature of their work. Below is a table that will give you a good idea of what class your occupation falls into but it is not the definitive guide as there are some small differences between the various life companies. Class 1 Class 2 Class 3 Class 4 White- collar occupations: no appreciable accident or health risk. These occupations will usually be office based. Examples include accountants, GP, IT consultant, solicitor, administration etc. Mainly white collar and predominantly administrative. Driving may be involved. Examples include quantity surveyor, sales rep etc. Skilled occupations, which may involve light manual duties but heavy lifting is rare.examples include interior painters, foremen, electrical engineers and domestic electricians, dentists etc. Skilled tradespersons, working on construction sites using light power tools. Examples include carpenters and plumbers, teachers and nurses. How many times can you claim on a policy? You can submit claims on your policy as many times as you require benefits, right up to the end of the policy term. What happens if my salary increases? Our provider, Friends First, have an automatic benefit on their policies which allows you to increase the cover on your policy by a certain amount (20% of the original cover every three years) without having to provide evidence of health. This is optional. The premium will be revised accordingly at the time. This option may be exercised up to five times. If the increase is declined more than once when offered, it will not be offered again. You can also select the Indexation Option on your policy. This means that your benefit will increase by a certain percentage each year and your premiums will also increase as well each year on your plan. The current rate of increase is 3.5% on premiums and 3% on benefits. This can help ensure that your benefit automatically stays in line with any salary increases and with inflation. What is Escalation? Escalation is another optional add on. You pay an additional premium for this benefit and it means that during a claim, your benefit will increase at 3% per annum.

3 What is the difference between Guaranteed & Reviewable premiums? The Guaranteed Premium option will ensure that your premium will not change during the term of the plan (unless indexation is chosen). This allows them to know in advance how much their premiums will be over the term of the plan. Reviewable Premium policies will be reviewed on the fifth anniversary and every five years thereafter. Additional Benefits The Friends First Income Protection policy comes with many additional benefits as standard; examples of some are as follows; Hospital Cash You would receive an income if you were in hospital for more than seven days during the deferred period. This income is equal to 1/365 th of the annual benefit for each complete day they remain in hospital. This benefit will cease on the earlier of the 91st day spent in hospital or the end of the deferred period. Proportionate Benefit A policyholder may be entitled to a Proportionate Benefit in a situation where that Policyholder does not qualify for full Disability Benefit because: The Policyholder is not totally disabled by reason of sickness or accident to fully carry out his Normal Occupation and is able to do part of his Normal Occupation resulting in a loss of income; or The Policyholder is totally disabled from following his Normal Occupation but the Policyholder is doing a different occupation for profit, reward or remuneration resulting in a loss of income. Rehabilitation Benefit Tailored rehabilitation and exercise programmes can be designed if needed or appropriate to the type of injury suffered. This increases the level of strength and functioning of the injured area. The objective is to assist clients in continuing with their normal everyday activities in as much as possible. Relapsed Benefit If your client returns to work but finds that, within the next 6 months, they are no longer able to continue working due to the same illness or disability then we will recommence their benefit without the need for a further waiting period (provided the medical evidence supports this).

4 Income Protection or Serious Illness Cover? Income Protection and Serious Illness cover both provide valuable benefits to people in the event of sickness. However there are sizeable differences between the two and you should check which cover suits you best. In some cases it can suit to have both types of cover but the guide below will help you decide which suits you best. What benefit do I receive? Which qualifies for tax relief? Serious Illness Cover Serious illness cover pays a lump sum to you if you are diagnosed with any of the specified illnesses named in the plan. This lump sum can be used to pay off large loans, pay medical bills etc. There is no tax relief available on Serious Illness premiums. Income Protection Income Protection provides you with a replacement income in the event that you are unable to work due to any accident or illness. With this policy you are covered until you can return to work or until retirement age if you unable to return to work. You can claim tax relief at your marginal rate on your Income Protection premiums. What about Continuity of Cover? Is it difficult to get cover? Once you secure Serious Illness cover- that cover lasts for the duration of the policy or until you make a claim. A claim will make it very difficult to replace that cover in the future. More people tend to qualify for this type of cover as their occupation is not a factor. Income Protection benefit will continue even if you suffer an illness which triggers a claim. Your benefit will continue to be paid to you from the end of your deferred period until you no longer satisfy your definition of disability, you recover, your policy ends, you retire or you die (whichever comes first). It can be difficult for certain occupations to get Income Protection cover.

5 Income Protection is best for you if you wish to protect your future from the loss of income due to illness or injury. However if you do not qualify for it then a Serious Illness policy equal to a multiple of your salary is the next best thing. Some Tips on calculating how much Income Protection cover you need 1. Establish what your relevant earnings are. This would include your basic salary, bonuses and regular overtime. In short what would appear on your P60. If you are self employed you would look at your company accounts and notices of assessment. ( NB relevant earnings does not include non earned income such as rental income, dividends etc) 2. Take 75% of the earnings figure established above. 3. Check if you qualify for any other benefits. For example: state illness benefits, employer disability benefits or any other Income Protection plans already in place etc. 4. Deduct the existing benefits in (3) above from the maximum income amount to get the total figure you require for cover. 5. Choose the most suitable deferred period (13, 26 or 52 weeks) keeping in mind a number of factors such as : a. How long will your employer pay you in the event that you cannot work due to illness or injury? b. How long will your savings last if you have no income? NB; Please note that typically there is a higher premium the shorter the deferred period you choose. If you have any queries or need any help at all, please contact us on or

6

Income Protection. Karen Gallagher Business Development Manager

Income Protection. Karen Gallagher Business Development Manager Karen Gallagher Business Development Manager THE NEED FOR INCOME PROTECTION Worker s confusion over sick pay 30% of workers believe their employer will provide sick pay indefinitely Over- optimism re:

More information

Income Protection. The Income Protection Market - Opportunity? Karen Gallagher Business Development Manager

Income Protection. The Income Protection Market - Opportunity? Karen Gallagher Business Development Manager Karen Gallagher Business Development Manager The Market - Opportunity? Only 12% to 15% of the working population have cover Majority of people in Ireland are still in employment Current consumer sentiment

More information

University of Limerick Income Continuance Plan

University of Limerick Income Continuance Plan University of Limerick Income Continuance Plan Introduction This explanatory booklet was produced by Willis Risk Services (Ireland) Limited and provides a brief outline only of the main benefits of the

More information

Personal Income Protection. support for the. unexpected. A Guide to Personal Income Protection

Personal Income Protection. support for the. unexpected. A Guide to Personal Income Protection Personal Income Protection support for the unexpected A Guide to Personal Income Protection Introducing ROYAL LONDON Ever since we started as a Friendly Society over 150 years ago, at Royal London we ve

More information

Head of underwriting Aviva Life & Pensions

Head of underwriting Aviva Life & Pensions Jean Larkin - QFA, DLDU, AMS Head of underwriting Aviva Life & Pensions Your health IS your wealth.. What would YOU do in the event of long-term absence from work? Rely on employer Rely on the State Rely

More information

LIFE, DISABILITY AND INCOME PROTECTION

LIFE, DISABILITY AND INCOME PROTECTION This document forms part of the NGS Super Member Guide (Product Disclosure Statement) dated 14 August 2015 LIFE, DISABILITY AND INCOME PROTECTION * FACT SHEET 6 14 AUGUST 2015 It s vital that you re prepared

More information

University College Dublin UCD Income Continuance Plan. Member s Booklet

University College Dublin UCD Income Continuance Plan. Member s Booklet University College Dublin UCD Income Continuance Plan Member s Booklet September 2014 2 UCD Income Continuance Plan INTRODUCTION This explanatory booklet was produced by Friends First and provides a brief

More information

University College Dublin UCD Income Continuance Plan. Member s Booklet

University College Dublin UCD Income Continuance Plan. Member s Booklet University College Dublin UCD Income Continuance Plan Member s Booklet September 2014 2 UCD Income Continuance Plan INTRODUCTION This explanatory booklet was produced by Friends First and provides a brief

More information

VITALITYLIFE PLAN PROVISIONS VITALITY.CO.UK/LIFE

VITALITYLIFE PLAN PROVISIONS VITALITY.CO.UK/LIFE VITALITYLIFE PLAN PROVISIONS VITALITY.CO.UK/LIFE VitalityLife Plan Provisions This document is your plan provisions. It explains how your plan works. It includes details about the covers and options in

More information

Group Income Protection Technical Guide

Group Income Protection Technical Guide For commercial customers and their advisers only Group Income Protection Technical Guide Reference BGR/4019/OCT12 Contents Page Its aims Employers your commitment Risk factors How does the policy work?

More information

STAY ON TOP OF EVERYTHING. A Guide to Executive Income Protection for Key Employees/Owner Directors

STAY ON TOP OF EVERYTHING. A Guide to Executive Income Protection for Key Employees/Owner Directors STAY ON TOP OF EVERYTHING A Guide to Executive Income Protection for Key Employees/Owner Directors Executive Income Protection for Key Employees/Owner Directors Introducing ROYAL LONDON Ever since we started

More information

DISABILITY INCOME PROTECTION TotalCareMax Adviser information

DISABILITY INCOME PROTECTION TotalCareMax Adviser information Life Disability Income Protection Adviser information DISABILITY INCOME PROTECTION TotalCareMax Adviser information Life. Take charge. sovereign.co.nz HOW SOVEREIGN S DISABILITY INCOME PROTECTION COVER

More information

A Guide to Income Protection Creating your success through Financial Planning

A Guide to Income Protection Creating your success through Financial Planning & Guidance A Guide to Income Protection A Guide to Income Protection Financial Broker Contents What would happen if I was out of work with illness for a long period? 02 What is income protection? 03 What

More information

A Guide to Income Protection Creating your success through Financial Planning

A Guide to Income Protection Creating your success through Financial Planning & Guidance A Guide to Income Protection Contents What would happen if I was out of work with illness for a long period? 02 What is income protection? 03 What is a Financial Broker? 06 Why would I need

More information

Don t let your lifestyle disappear.

Don t let your lifestyle disappear. Don t let your lifestyle disappear. Pensions Protection Investments Income Protection Safeguard your lifestyle with the security of Income Protection by Friends First. www.friendsfirst.ie At Friends First,

More information

Claims Guide. Helping you when you need it most

Claims Guide. Helping you when you need it most Claims Guide Helping you when you need it most 1 2 At Bank of Ireland Life, we understand that this is a very difficult time for you so we ve written this Claims Guide to help answer any questions you

More information

Includes Tips & Tricks that could save you substantial $$$ and help make sure your claims get paid.

Includes Tips & Tricks that could save you substantial $$$ and help make sure your claims get paid. Includes Tips & Tricks that could save you substantial $$$ and help make sure your claims get paid. WHAT IS INSURANCE? It s simply the transference of a risk from yourself to the Insurer. By paying the

More information

Long-Term Disability Insurance

Long-Term Disability Insurance Long-Term Disability Insurance Developed for the employees of Pennsylvania State System of Higher Education Protecting Your Family Securing Your Future If you re physically healthy, you can work, play,

More information

Income Protector - personal. Protect your lifestyle

Income Protector - personal. Protect your lifestyle Income Protector - personal Protect your lifestyle income protector - personal Aim Cost of cover Provides you with a replacement income if you cannot work as a result of an illness or injury after a certain

More information

Voluntary Income Protection Plan Explanatory booklet. December, 2011

Voluntary Income Protection Plan Explanatory booklet. December, 2011 Voluntary Income Protection Plan Explanatory booklet December, 2011 This booklet is produced by Friends First and provides an overview of the benefits for members of the Voluntary Income Protection Plan

More information

Canada Life Group Income Protection

Canada Life Group Income Protection A policyholder s guide to making a claim frequently asked questions We aim to make the claims process as straightforward as possible. This leaflet guides you through the process and answers some of the

More information

INCOME WHEN YOU ARE ILL

INCOME WHEN YOU ARE ILL INCOME WHEN YOU ARE ILL Income protection insurance (IPI) or permanent health insurance (PHI) is an insurance that virtually everyone who works needs, but very few people have. One of the reasons for this

More information

PROTECTION INCOME PROTECTION BECAUSE LIFE DOESN T COME BUBBLE WRAPPED

PROTECTION INCOME PROTECTION BECAUSE LIFE DOESN T COME BUBBLE WRAPPED PROTECTION INCOME PROTECTION BECAUSE LIFE DOESN T COME BUBBLE WRAPPED Not too many people could live with an 80% drop in income. Could you? 2 For most of us, our income is our most important asset. It

More information

INCOME PROTECTION DEFINITIONS

INCOME PROTECTION DEFINITIONS INCOME PROTECTION (IP) COVER DEFINITIONS We can provide a copy of our full Group Income Protection Policy document upon request. Please contact 1300 133 177 if you would like us to send you a copy. DEFINITIONS

More information

For expert advice call 01494 451441

For expert advice call 01494 451441 Protection Planning Life and Protection Insurance The cost of insurance, particularly life insurance has fallen over recent years, whilst the quality of cover has in many cases increased. With this in

More information

SAMPLE ONLY. TotalCare Max - Personal. Optional Benefit Appendix DISABILITY INCOME PROTECTION BENEFIT INDEMNITY

SAMPLE ONLY. TotalCare Max - Personal. Optional Benefit Appendix DISABILITY INCOME PROTECTION BENEFIT INDEMNITY TotalCare Max - Personal Optional Benefit Appendix DISABILITY INCOME PROTECTION BENEFIT INDEMNITY This appendix only applies if cover under the policy schedule includes the disability income protection

More information

An introduction to Dentists Provident and income protection

An introduction to Dentists Provident and income protection An introduction to Dentists Provident and income protection An introduction to Dentists Provident and income protection We are the market leading provider of income protection insurance to dentists, and

More information

SAMPLE ONLY. TotalCare Max Personal. Optional Benefit Appendix DISABILITY INCOME PROTECTION BENEFIT AGREED VALUE

SAMPLE ONLY. TotalCare Max Personal. Optional Benefit Appendix DISABILITY INCOME PROTECTION BENEFIT AGREED VALUE TotalCare Max Personal Optional Benefit Appendix DISABILITY INCOME PROTECTION BENEFIT AGREED VALUE This appendix only applies if cover under the policy schedule includes the disability income protection

More information

Insurance Solutions for life

Insurance Solutions for life For Financial Brokers use only. This is not a client document. Insurance Solutions for life 1. Our life insurance products at a glance 1 Page 2. Life insurance product details Term Life Insurance 2 Mortgage

More information

PROTECT YOUR INCOME IF YOU CAN T WORK

PROTECT YOUR INCOME IF YOU CAN T WORK This document forms part of the NGS Super Member Guide (Product Disclosure Statement) dated 1 April 2014 PROTECT YOUR INCOME IF YOU CAN T WORK FACT SHEET 7 1 APRIL 2014 It s vital that you re prepared

More information

Considerations for Disability Insurance

Considerations for Disability Insurance Considerations for Disability Insurance 1. Purpose and Scope The following document is written by ASISA s Risk and Disability Committee and is intended to give an overview of the key issues that should

More information

Long-Term Disability Insurance

Long-Term Disability Insurance Long-Term Disability Insurance Developed for the class 1 Employees of Research Triangle Institute Protecting Your Family Securing Your Future As long as you've got your health. If you're physically healthy,

More information

Make the most of every investment opportunity.

Make the most of every investment opportunity. INTRODUCTION The purpose of this Plan is to provide you with an income in the event of a loss of earnings due to disability for a period of more than six months. The rates, terms and conditions of the

More information

PERPETUAL WEALTHFOCUS SUPER PLAN

PERPETUAL WEALTHFOCUS SUPER PLAN PERPETUAL WEALTHFOCUS SUPER PLAN Insurance Book INSURANCE BOOK Dated 17 April 2015 Issued by Perpetual Superannuation Limited ABN 84 008 416 831 AFSL 225246 RSE L0003315 IMPORTANT NOTES This Insurance

More information

DISABILITY INCOME PROTECTION BENEFIT INDEMNITY

DISABILITY INCOME PROTECTION BENEFIT INDEMNITY OPTIONAL BENEFIT APPENDIX TOTALCAREMAX Personal DISABILITY INCOME PROTECTION BENEFIT INDEMNITY This appendix only applies if cover under the policy schedule includes the Disability Income Protection Benefit

More information

Understanding insurance

Understanding insurance Version 4.2 This document provides some additional information to help you understand the financial planning concepts discussed in the SOA in relation to. Important information This document has been published

More information

AXA Group Insurance. Group Income Continuance Insurance Policy. Fonterra Welfare Fund. Important Note

AXA Group Insurance. Group Income Continuance Insurance Policy. Fonterra Welfare Fund. Important Note AXA Group Insurance Group Income Continuance Insurance Policy Fonterra Welfare Fund Important Note Cover will not commence under this Policy until all of the following applies: 1. You accept our (the Insurer

More information

Your Income Assured Plus contract. A Quick Guide

Your Income Assured Plus contract. A Quick Guide Your Income Assured Plus contract A Quick Guide We aim to be there for you when you need us most and believe that by providing clear and helpful information we can be. This guide is to help you understand

More information

Understanding the insurance changes to your Asgard Employee Super Account

Understanding the insurance changes to your Asgard Employee Super Account Understanding the insurance changes to your Asgard Employee Super Account Effective 1 May 2015 In conjunction with AIA Australia Limited (AIA), we are making changes to the insurance premium rates and

More information

Wealthpac Superannuation Service Insurance Options

Wealthpac Superannuation Service Insurance Options Date Issued: 12 October 2009 SUPPLEMENTARY PRODUCT DISCLOSURE STATEMENT Wealthpac Superannuation Service Insurance Options Important Notice For Members and Employers This notice is supplementary to the

More information

Policyholder: Lenoir-Rhyne University Long-Term Disability (LTD) Coverage. Effective Date: 1/1/2014. Your Benefits at a Glance

Policyholder: Lenoir-Rhyne University Long-Term Disability (LTD) Coverage. Effective Date: 1/1/2014. Your Benefits at a Glance Policyholder: Lenoir-Rhyne University Long-Term Disability (LTD) Coverage Effective Date: 1/1/2014 This is a summary of your long-term disability coverage from Principal Life Insurance Company. Long-term

More information

The right health insurance policies for you

The right health insurance policies for you The right health insurance policies for you THE RIGHT HEALTH INSURANCE POLICIES FOR YOU Choosing the right health insurance policy is not just about buying cover at the cheapest price. Getting peace of

More information

LONG-TERM DISABILITY BENEFITS

LONG-TERM DISABILITY BENEFITS How do We define Total Disability? LONG-TERM DISABILITY BENEFITS If the institutions are in session, Total Disability or Totally Disabled means that during the first 24 consecutive months of benefit payments

More information

Protect your family. ClearView LifeSolutions. Life Cover, Trauma Cover and other tailored insurances

Protect your family. ClearView LifeSolutions. Life Cover, Trauma Cover and other tailored insurances Protect your family ClearView LifeSolutions Life Cover, Trauma Cover and other tailored insurances Insurances to meet your needs Defence Health has partnered with ClearView to provide an extensive range

More information

Long-Term Disability Insurance

Long-Term Disability Insurance Long-Term Disability Insurance 817763 a 06/12 Developed for the Employees of Pennsylvania State System of Higher Education Protecting Your Family Securing Your Future As long as you've got your health.

More information

GROUP INCOME PROTECTION.

GROUP INCOME PROTECTION. GROUP PROTECTION GROUP INCOME PROTECTION. Helping you understand our policy. This is an important document which we suggest you keep in a safe place. GIP 11.2013 TECHNICAL GUIDE 2. USING THIS DOCUMENT

More information

Understanding insurance Version 5.0

Understanding insurance Version 5.0 Understanding insurance Version 5.0 This document provides some additional information to help you understand the financial planning concepts discussed in the SOA in relation to insurance. This document

More information

Sunsuper for life. Insurance guide. Learn more about your insurance Identify your insurance needs

Sunsuper for life. Insurance guide. Learn more about your insurance Identify your insurance needs Sunsuper for life Insurance guide Learn more about your insurance Identify your insurance needs Preparation date: 9 June 2015 Issue date: 1 July 2015 INSURANCE IN YOUR SUPER Contents 1 Why have insurance?

More information

Long-Term Disability Insurance

Long-Term Disability Insurance Long-Term Disability Insurance Developed for the Employees of City of Colorado Springs (Employees with less than 5 years of PERA Service) (City Council Members) How This Program Protects You If you suffer

More information

INSURANCE GUIDE. The Tidswell Master Superannuation Plan. Contact details. Issued on 2 July 2014. Tidswell Financial Services Ltd

INSURANCE GUIDE. The Tidswell Master Superannuation Plan. Contact details. Issued on 2 July 2014. Tidswell Financial Services Ltd The Tidswell Master Superannuation Plan INSURANCE GUIDE Issued on 2 July 2014 Contact details 50 Hindmarsh Square ADELAIDE SA 5000 Phone: (08) 8223 1676 Fax: (08) 8232 1675 Email: mail@tidswell.com.au

More information

Don t let your lifestyle disappear. Income Protection

Don t let your lifestyle disappear. Income Protection Don t let your lifestyle disappear. Income Protection What is your largest financial asset? Is it your home? Is it your business? Your income is an asset Annual salary of 60,000, aged 40 Earnings to retirement

More information

A Guide to Income Protection (Permanent Health Insurance)

A Guide to Income Protection (Permanent Health Insurance) A Guide to Income Protection (Permanent Health Insurance) This guide about Income Protection (Permanent Health Insurance) Insurance is designed to help you decide if this is a suitable product for you.

More information

Short Term Disability Insurance Coverage paid by you

Short Term Disability Insurance Coverage paid by you Short Term Disability Insurance Coverage paid by you Eligibility All active, full-time U.S. Employees, who are regularly working a minimum of 30 hours per week. Weekly Benefit 60% of your weekly earnings

More information

Tasmanian Accumulation Scheme Death and Incapacity Cover

Tasmanian Accumulation Scheme Death and Incapacity Cover Death and Incapacity Cover Retirement Benefits Fund Tasmanian Accumulation Scheme Death and Incapacity Cover Information in this brochure is current as at 18 January 2012 Retirement Benefits Fund Tasmanian

More information

For advisers only Friends Life Protect+ Income Protection. Income Protection cover. It s income protection. And more.

For advisers only Friends Life Protect+ Income Protection. Income Protection cover. It s income protection. And more. For advisers only Friends Life Protect+ Income Protection Income Protection cover It s income protection. And more. It s income protection. And... 2 it addresses a vital need it provides a regular income

More information

Protecting Your Income

Protecting Your Income Protecting Your Income Income Protection For most of us, our income is our most important asset. It affects how we live and how we pay for everything from food, light and heating to our mortgage repayments,

More information

REST Super Insurance Guide

REST Super Insurance Guide REST Super Insurance Guide Including Application for insurance Effective 1 January 2016 The information in this document forms part of the REST Super Product Disclosure Statement (PDS) effective 1 October

More information

Long-Term Disability Income Insurance

Long-Term Disability Income Insurance A serious illness or injury can harm more than your health it can have an impact on your ability to work and meet your family s living expenses. Long-Term Disability Income Insurance FINANCIAL PROTECTION

More information

THE KEY FEATURES OF SICKNESS INCOME PLUS

THE KEY FEATURES OF SICKNESS INCOME PLUS WILTSHIRE F R I E N D LY SOCIETY LIMITED THE KEY FEATURES OF SICKNESS INCOME PLUS Income Replacement Plans for Individuals V1.3 August 2015 WILTSHIRE FRIENDLY SOCIETY Wiltshire Friendly Society Limited

More information

Table of Contents. 1 Partnering for Success... 2. 5 Questions and Answers... 9. 2 About Liberty Mutual... 3. 3 Supplementing the State's Plan...

Table of Contents. 1 Partnering for Success... 2. 5 Questions and Answers... 9. 2 About Liberty Mutual... 3. 3 Supplementing the State's Plan... Table of Contents 1 Partnering for Success... 2 Page 2 About Liberty Mutual... 3 3 Supplementing the State's Plan... 4 4 Plan Highlights... 7 5 Questions and Answers... 9 UNC Supplemental Disability 1

More information

FREEDOM OF CHOICE GUIDE. Insurance Guide

FREEDOM OF CHOICE GUIDE. Insurance Guide FREEDOM OF CHOICE GUIDE Date Issued: 1 December 2011 Insurance Guide This Insurance Guide has been prepared and issued by the Trustee, Equity Trustees Superannuation Limited (ABN 50 055 641 757 AFSL 229757)

More information

The Dublin Solicitors Bar Association Income Protection Scheme Available to all practicing Solicitors in Ireland

The Dublin Solicitors Bar Association Income Protection Scheme Available to all practicing Solicitors in Ireland The Dublin Solicitors Bar Association Income Protection Scheme Available to all practicing Solicitors in Ireland FFGENERAL New Dublin Solicitors Bar Association Group Income Protection Scheme This brochure

More information

Income protection solutions

Income protection solutions For UK financial advisers only Income protection solutions Tailored to your client and their budget What is income protection? Income Protection can be an everyday essential that works when your client

More information

Insurance guide. SignatureSuper AMP Life fact sheet. Issued ₁ July ₂₀₁₅

Insurance guide. SignatureSuper AMP Life fact sheet. Issued ₁ July ₂₀₁₅ Issued ₁ July ₂₀₁₅ Insurance guide SignatureSuper AMP Life fact sheet AMP Corporate Super Registered trademark of AMP Life Limited ABN 84 079 300 379. The information in this document forms part of the

More information

Day 1 Income Protection

Day 1 Income Protection Day 1 Income Protection Day 1 Income Protection arranged by Omega Financial Management Product Guide & Key Facts About Omega Financial Management Omega Financial Management was founded in 2001 and specialises

More information

Must-haves for disability income protection

Must-haves for disability income protection Must-haves for disability income protection CHOOSING AN INCOME PROTECTION PRODUCT FOR DISABILITY? Ask yourself: 01 02 03 Will my claim get paid and how much will I receive? Can I get cover that matches

More information

we make it easy for you

we make it easy for you Insurance Guide PDS Supplement we make it easy for you Dated 10 November 2015 CARE Super Pty Ltd (Trustee) ABN 91 006 670 060 AFSL 235226 CARE Super (Fund) ABN 98 172 275 725 PDS Supplement The information

More information

Understanding Insurance

Understanding Insurance Version 4.0 Preparation Date: 2 November 2009 This document provides some additional information to help you understand the financial planning concepts discussed in the SOA in relation to insurance. Important

More information

KEY GUIDE. Financial protection for you and your family

KEY GUIDE. Financial protection for you and your family KEY GUIDE Financial protection for you and your family Protecting what matters most Life and health insurance protection underpins most good financial planning. These types of insurance can ensure that

More information

SIPTU Ambulance Services Income Protection Scheme. Member Information Booklet - April 2012 Group Policy No: 24104

SIPTU Ambulance Services Income Protection Scheme. Member Information Booklet - April 2012 Group Policy No: 24104 SIPTU Ambulance Services Income Protection Scheme Member Information Booklet - April 2012 Group Policy No: 24104 CONTENTS Section 1 Section 2 Section 3 Section 4 Section 5 Section 6 Object of the Scheme

More information

How much insurance cover?

How much insurance cover? How much insurance cover? We consider life and TPD insurance coverage to be family protection it is about protecting your family. Life Insurance The purpose of life insurance is to provide your dependants

More information

STELLENBOSCH UNIVERSITY RETIREMENT FUND GUIDE FOR NEW MEMBERS

STELLENBOSCH UNIVERSITY RETIREMENT FUND GUIDE FOR NEW MEMBERS 1 of 9 STELLENBOSCH UNIVERSITY RETIREMENT FUND GUIDE FOR NEW MEMBERS SECTION 1 The intention of the University of Stellenbosch Retirement Fund (USRF) is to provide the best available benefits for contributions

More information

Your policy conditions

Your policy conditions For customers Your policy conditions IP15 Personal Protection Welcome to Aegon Thank you for choosing our Personal Protection policy. We have been part of the Aegon group since 1994, linking Scottish Equitable

More information

REST Corporate Insurance Guide

REST Corporate Insurance Guide REST Corporate Insurance Guide Including Application for insurance Effective 1 October 2015 The information in this document forms part of the REST Corporate Product Disclosure Statement (PDS), effective

More information

Insurance in your super

Insurance in your super Insurance in your super Fact sheet Information in this fact sheet is current as at 1 July 2015 Contents Overview 1 What is Life cover? 5 How your Life cover works 6 When is your insured benefit payable?

More information

Why would you want to consider insurance? We pay claims

Why would you want to consider insurance? We pay claims SMSF Plan CommInsure s SMSF Plan is a customised, easy to use product designed to offer SIS-aligned cover to SMSF trustees. This has the potential to reduce the compliance burden on trustees when selecting

More information

Insurance Guide. Super. 1 October 2015

Insurance Guide. Super. 1 October 2015 Super Insurance Guide 1 October 2015 The information in this document forms part of the Product Disclosure Statement (PDS) for the Mine Wealth and Wellbeing Superannuation Fund. You should read the PDS

More information

The Hospital Authority of Valdosta and Lowndes County dba South Georgia Medical Center

The Hospital Authority of Valdosta and Lowndes County dba South Georgia Medical Center LIFE INSURANCE COMPANY OF NORTH AMERICA 1601 CHESTNUT STREET GROUP POLICY PHILADELPHIA, PA 19192-2235 (800) 732-1603 TDD (800) 552-5744 A STOCK INSURANCE COMPANY POLICYHOLDER: POLICY NUMBER: The Hospital

More information

SAMPLE ONLY LIVINGCARE APPENDIX OPTIONAL BENEFIT DISABILITY INCOME PROTECTION BENEFIT AGREED VALUE BASIS

SAMPLE ONLY LIVINGCARE APPENDIX OPTIONAL BENEFIT DISABILITY INCOME PROTECTION BENEFIT AGREED VALUE BASIS LIVINGCARE APPENDIX OPTIONAL BENEFIT DISABILITY INCOME PROTECTION BENEFIT AGREED VALUE BASIS This appendix only applies if you have chosen a disability income protection benefit on an agreed value basis.

More information

Online Group Income Protection Technical Guide

Online Group Income Protection Technical Guide For commercial customers and their advisers only Online Group Income Protection Technical Guide Reference BGR/5575/SEP13 Contents Page Its aims Employers your commitment Risk factors How does the policy

More information

Toronto District School Board GROUP LIFE INSURANCE FOR TEACHERS

Toronto District School Board GROUP LIFE INSURANCE FOR TEACHERS INTRODUCTION Toronto District School Board GROUP LIFE INSURANCE FOR TEACHERS This group life insurance plan, under policy G. 10450 with Canada Life, originated in 1971. It is managed by a joint Management

More information

WHAT IF? INCOME PROTECTION ADVISER GUIDE

WHAT IF? INCOME PROTECTION ADVISER GUIDE INCOME PROTECTION ADVISER GUIDE WHAT IF? 92% of advisers think that income protection is undersold. Your clients may not realise how vulnerable they are, so it s a worthwhile opportunity to talk to them

More information

Lifestyle Protection Plan for Business Owners

Lifestyle Protection Plan for Business Owners Paul is 38 years old and nets $60,000 per year. He is about to fall, seriously injure his neck and put himself out of business......it will cost him over $2.4 million. Lifestyle Protection Plan for Business

More information

The Insurer s definitions 12. Nominating your beneficiary 16

The Insurer s definitions 12. Nominating your beneficiary 16 Russell iq Super 1 July 2014 JUMP TO Insurance in your superannuation 3 The Insurer s definitions 12 Nominating your beneficiary 16 The information in this document provides additional information to the

More information

Insurance Guide Date of issue: 1 March 2015

Insurance Guide Date of issue: 1 March 2015 www.mtaasuper.com.au Phone: 1300 362 415 / Fax: 1300 365 142 Insurance Guide Date of issue: 1 March 2015 The information in this document forms part of the Product Disclosure Statement for MTAA Super dated

More information

Disability Insurance How to Maximize Your Benefits

Disability Insurance How to Maximize Your Benefits Disability Insurance How to Maximize Your Benefits Until an individual has created sufficient wealth to provide adequate income for their family in the event of a disability, it is vital to manage the

More information

Macquarie Superannuation Plan Group Income Protection Contract

Macquarie Superannuation Plan Group Income Protection Contract Macquarie Superannuation Plan Group Income Protection Contract This Contract applies to the following products: Macquarie Superannuation Insurance Macquarie Super Manager Life Insurance SuperOptions Insurance

More information

Income Protector - personal. Protect your lifestyle

Income Protector - personal. Protect your lifestyle Income Protector - personal Protect your lifestyle income protector - personal Aim Cost of Cover Time Period Provides you with a replacement income if you cannot work as a result of an illness or injury

More information

Don't let your lifestyle disappear.

Don't let your lifestyle disappear. Don't let your lifestyle disappear. Pensions Protection Investments Income Protection from Friends First Income security for your peace of mind. www.friendsfirst.ie About Friends First Friends First is

More information

Income protection solutions

Income protection solutions For financial adviser use only Income protection solutions Tailored to your client and their budget What is income protection? Income Protection can be an everyday essential that works when your client

More information

38 Salary Continuation. Learn How You Can Keep the People Most Responsible for Your Profitability

38 Salary Continuation. Learn How You Can Keep the People Most Responsible for Your Profitability 38 Salary Continuation Learn How You Can Keep the People Most Responsible for Your Profitability How do you get your best people to remain with your company until they retire? The ones responsible for

More information

... How to make a claim. Individual Income Protection Personal Income Replacement Plan Primary Income Replacement Plan. unum.co.uk

... How to make a claim. Individual Income Protection Personal Income Replacement Plan Primary Income Replacement Plan. unum.co.uk Individual Income Protection Personal Income Replacement Plan Primary Income Replacement Plan... unum.co.uk Contents Introduction 3 Step 1 - Making a claim 4 Call us for a claims pack 4 Complete and return

More information

LONG TERM DISABILITY INSURANCE CERTIFICATE BOOKLET

LONG TERM DISABILITY INSURANCE CERTIFICATE BOOKLET LONG TERM DISABILITY INSURANCE CERTIFICATE BOOKLET GROUP INSURANCE FOR MONROE CO COMMUNITY COLLEGE SCHOOL NUMBER 704 TEACHERS The benefits for which you are insured are set forth in the pages of this booklet.

More information

BT Business Super. Additional Information Booklet Part 3 Insurance. Dated: 1 July 2015 Last updated: 1 July 2015

BT Business Super. Additional Information Booklet Part 3 Insurance. Dated: 1 July 2015 Last updated: 1 July 2015 BT Business Super Additional Information Booklet Part 3 Insurance Dated: 1 July 2015 Last updated: 1 July 2015 About this Additional Information Booklet This document is Part 3 of the Additional Information

More information

AIA Australia Limited (ABN 79 004 837 861 AFSL 230043) PO Box 6111 St Kilda Road Central VIC 8008 Phone : 1800 333 613 Fax : 1800 832 266 AIA.COM.AU POLICY NO. MP 9926 ENDORSEMENT 4 To be attached to and

More information

Smart End of Financial Year Strategies

Smart End of Financial Year Strategies Level 7,34 Charles St Parramatta Parramatt NSW 2150 PO Box 103 Parramatta NSW 2124 Phone: 02 9687 1966 Fax: 02 9635 3564 Web: www.carnegie.com.au Build Guide Protect Manage Wealth Smart End of Financial

More information

Contents 01 Protect yourself and

Contents 01 Protect yourself and Insurance handbook for Cbus Industry Super Auth. No. 75 493 363 262 473 8 September 2014 The information in this document forms part of the Product Disclosure Statement for Cbus Industry Super of 8 September

More information

ProVider Plus Individual Disability Income Insurance

ProVider Plus Individual Disability Income Insurance ProVider Plus Individual Disability Income Insurance Keeping income strong Table of Contents Your income is your most valuable asset. Protect it!...........1 Disability Could it happen to you?........................2

More information

Personal insurance. What is insurance? What is personal insurance? Life insurance. Fact sheet

Personal insurance. What is insurance? What is personal insurance? Life insurance. Fact sheet Fact sheet Personal insurance Current as at 15 April 2012 What is insurance? Insurance is an agreement with an insurance company to pay you a sum of money if something is damaged or lost. It is form of

More information

Long-Term Disability Insurance

Long-Term Disability Insurance Long-Term Disability Insurance Developed for the Employees of Lake County Board of County Commissioners 817763 a 06/12 Protecting Your Family Securing Your Future As long as you've got your health. If

More information