Our Income Protection is tuned to your clients’ needs.

Being off work because of illness or injury is one of the biggest risks your clients face. And it could have a devastating impact on their finances.

We’ve updated our Income Protection so you’ll be able to cover more of your clients’ income, helping them to get through the difficult times.

And we've added further benefits, such as fracture cover, hospitalisation payment and a back-to-work payment, to help your clients and their families get the financial help they need - when they need it.

The benefits of our Income Protection

Our Income Protection is just the job to provide your clients with financial support to help them if the wheels fall off and they’re unable to work for a period of time due to illness or injury.

Research shows that 41% of people would struggle to pay their bills if they couldn’t work for six months, but only 10% of people have cover in place to protect their income*. Stats to drive home the real need to help your clients avoid the potentially devastating effect of illness on their household finances.

Traditionally, Income Protection has been seen as complex and slow to pay out when people need it most.

We’ve ‘tuned up’ our offering to give your clients a range of new benefits so they’ll get the financial help they need - when they need it.

Fracture cover of up to £4,000 per claim; with two claims allowed in a 12 month period.
A hospitalisation payment of £100 per night, that’ll start after your client spends more than six consecutive nights in hospital.

A payment of 12 months’ premiums if the person covered dies during the term of the cover.

Back to work payments... and we’ll waive the deferred period if your client is diagnosed with a terminal illness and has less than 12 months to live.

But that’s not all! We’ve developed a tiered approach to help clients protect more of their income – up to 65% of the first £15,000 of pre-tax income plus 55% of the rest.

Employed clients running their own company can include things like dividends, a nominal spouse’s salary and P11D benefits. And your self-employed clients can include certain fixed overheads.

And our adaptable claims philosophy means we do our best not to stall things while we’re waiting for financial evidence.

*Source: Mintel Income Protection report, February 2017.

Flexible, affordable cover

Your clients can tailor their Income Protection to suit their needs and budget.

They can select either level or increasing cover, and can choose a deferred period of 4, 8, 13, 26 or 52 weeks. Monthly cover payments can also last for one year, two years or until their cover ends.

Your can mix and match Income Protection with other covers in a Menu Plan to provide comprehensive protection. And don’t forget – different covers can start at different times, even if they’re on the same plan. Find out more about the benefits of our Menu Plans

Protect more income

Your clients can protect up to 65% of the first £15,000 of their pre-tax income, plus 55% of the remainder, up to a maximum of £250,000 a year.

What's more, self-employed clients can include certain regular fixed overheads when calculating their maximum income. And employed clients can include things like dividends, a nominal spouse salary and P11D benefits as income.

Use our maximum income calculator to see how much your clients can protect.

Fracture cover

Broken bones could mean weeks off work if a client can’t get around easily or continue to do their job. So if a client suffers a fracture, we’ll pay up to £4,000 per claim to help with their recovery.

  • It doesn't affect their main Income Protection cover
  • Clients don’t need to wait for their chosen deferred period to end before making a claim.
  • We cover multiple fractures in the same claim, up to the £4,000 claim limit.
  • Clients can make up to two fracture claims in a 12 month period.
  • The amount they get depends on where the fracture is.

fracture cover image

Hospitalisation payment

If a client has been in hospital for more than six consecutive nights during their deferred period, we’ll pay £100 per night for up to 90 nights during the term of their cover. And if we’ve started their hospitalisation payment and they’re discharged then readmitted for the same cause, we’ll restart their payments (subject to certain conditions).

Hospitalisation payments won’t affect a client’s main Income Protection cover.

Back-to-work payment

When a client is ready to go back to work and we’ve stopped making their Income Protection payments, we know they might have some additional expenses. So we give clients with deferred periods of 13, 26 and 52 weeks a payment in their first and second months back at work.
The amount they get depends on their cover payment period:

  • Clients with cover that's payable for the whole term of the plan get 50% of their monthly benefit for the first month and 25% for the second month.
  • Clients with one or two year cover payment periods get 25% of their monthly benefit for the first month and 10% for the second month.

Adaptable claims philosophy

We know that some clients might not have all of the financial evidence we need when they make an Income Protection claim. For example, if a client has recently become self-employed they might have to wait 12 months for their first set of accounts. In these cases, we might be able to arrange for their payments to start as long as the full financial evidence is sent to us as soon as possible. This depends on the evidence we do have and the full circumstances of the claim.

And if a client is diagnosed with a terminal illness and has less than 12 months to live, they won’t need to wait for their deferred period to end before their payments start.

The need for Income Protection

Get a quote

Use our interactive quote and apply service to find out just how affordable our Income Protection is. 

Our Income Protection report

Show your clients their chances of being off work, and the need for cover.

Maximum Income calculator

A quick and easy way to work out how much your clients can cover with our Income Protection.

This website is intended for financial advisers only and shouldn't be relied upon by any other person. If you are not an adviser please visit royallondon.com.

The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The firm is on the Financial Services Register, registration number 117672. It provides life assurance and pensions. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London, EC3V 0RL.