Executive Income Protection
Tailored cover
A range of flexible cover and benefit payment options enable an employer to tailor cover to meet the needs of their business as well as their employees. Options include:
- Choosing a level of cover up to 80% of the employee’s gross earnings, including P11D benefits and any dividends paid where this is directly linked to their performance within the business
- The option to cover employer National Insurance contributions and any pension/life insurance premiums paid in relation to the insured person
- Benefits that can be paid on a level basis, or arranged from the start of the policy to protect against inflation – increasing at either a fixed rate of 5%, or in line with the Retail Price Index (RPI) – up to a maximum of 12% per annum
- A Disability Plus Option that increases benefits in payment by 20% after the first two years of a claim
- A lower-cost option with a choice of 2, 3 and 5 year benefit payment periods
- ‘Guaranteed Increase Options’ that enable cover to be increased without further underwriting on every third policy anniversary or at key life stages, such as marriage, having children, or in the event of a promotion-related salary increase