What would happen to you, and your family, if you were sick and couldn't work for a long period?

Permanent employees get sick pay and often have this cover as part of their package, but as a Contractor, if you fall ill or have a sudden accident which prevents you from working, the loss of income can be devastating. Income Protection cover allows you to maintain a standard of living for yourself and any dependents if you cannot work due to illness or injury.

Income protection is all that we do, we won't try to sell you anything else, and in conjunction with the PCG we can offer the opportunity to protect your income with some carefully sourced and discounted policies. We offer two types of income protection cover for PCG members:

1. Short-term Accident and Sickness Cover (up to 12 months)

This policy is exclusive for PCG members and provides benefit levels of up to 12 months for up to £2,000 of benefit per month. There is no waiting period, so the benefits are 'Back to Day One' (you can specify a waiting period to reduce the premiums) and you can sign up online straight away.

QUOTE AND APPLY FOR SHORT-TERM INCOME PROTECTION

2. Long-term Income Replacement cover (more than 2 years)

This policy is designed to pay a percentage of your income if you are too ill, or unable to work due to an accident. The benefit periods range from 2, 3, 5 years or to retirement age

There are two options, either pay for the policy out of taxed earnings as a PERSONAL Income Protection plan or pay for the policy through your company as an EXECUTIVE Income Protection plan

NB: Both plans include dividends as income.

PERSONAL plan - benefits are tax free and you can insure up to 50% of your gross income.

NB Premiums must be paid out of taxed income

QUOTE FOR A PERSONAL INCOME PROTECTION PLAN

ABI Guide to PHI

EXECUTIVE plan - insure up to 75% of your gross income, benefits are taxable.

NB Premiums are paid as a company expense, but with no benefit implications

QUOTE FOR AN EXECUTIVE INCOME PROTECTION PLAN

ABI Guide to PHI

These policies are available on a direct offer basis. You will not receive advice or a recommendation from us. We may ask some questions to narrow down the selection of products that we will provide details on. You will then need to make your own choice about how to proceed. If you have any concerns about the suitability of this type of Insurance for your particular needs we suggest that you seek Advice.

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