Glossary

If you have selected cover to begin after 1, 4, 8, 13, 26 or 52 weeks and do not have any other forms of income to cover you before your selected deferred period, you might like to consider our Day One Accident Protection option. For an additional premium, you can protect yourself against lost earnings as a result of an accident from Day One, even though your benefit payments for illness would start from your chosen deferred period.

This is the date your contract will cease.

This is the start date of your contract.

This is the amount of time you have to be signed off work due to illness or injury before benefit payments start to be made. For claims where the contract qualifying conditions are met, benefit will be paid following the chosen deferred period.

This benefit provides a lump sum payment of £1,500 in the event you suffer a fracture to any one of our ‘listed’ bones. This benefit will be paid irrespective of whether or not you are in receipt of income protection benefit.

This benefit provides a payment of £50 per night, following three consecutive nights in a UK hospital, backdated to the first night’s stay. This benefit will be paid irrespective of whether or not you are in receipt of income protection benefit.

A lump sum of £7,500 payable on death with cover ceasing on your 70th birthday, or your contract end date.

If you add the Indexation option, your cover will be automatically reviewed annually against the Office of National Statistics Consumer Price Index (CPI).

This is the maximum amount of benefit you can claim. It is not a guaranteed amount and will be dependent on your evidenced earnings at point of claim. If you have elected for a short-term claim period, then the payment of benefit is limited to two years per claim.

This is the amount you have to pay per month for your income protection contract.

There are two premium types available. A guaranteed level premium, which is where your monthly payment will remain the same throughout the term of your contract, unless you have indexation selected or you make an amendment to your contract. A guaranteed annual escalating premium, which will increase your monthly payment each year following your birthday, these premium increases are provided to you at outset and will remain the same unless you have indexation selected or you make an amendment to your contract.

This is the age at which you originally confirmed you would retire from your occupation.

If you have chosen a 1, 4, 8, 13, 26, or 52 week deferred period, you can add Severe Injury Cover. If you have to stop working because of one of our ‘listed’ injuries, and as a result your earnings go down, you can claim benefit that will be paid from the first day you are signed off work, subject to at least four consecutive days off work.