Business Menu Income Protection

Absence from work because of illness or injury is one of the biggest risks your clients face.

Our Income Protection through our Business Menu Plan pays out a monthly income at the end of the deferred period if the person covered is either unable to work because of an illness or injury and meets our definition of incapacitated.

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.

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

But our Income Protection gives your clients a range of great 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! Our tiered approach can 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.

Benefits of Income Protection through our Business Menu Plan

  • Choice of payment periods - your clients can choose from one year, two years, five years or until the cover ends, allowing them to tailor the cost to the business need.
  • Reassuring - we'll cover up to 65% of the first £15,000 of pre-incapacity earnings, plus 55% of the remainder, up to £250,000 a year.
  • Additional benefits - fracture cover and hospitalisation payment included as standard. These benefits don't affect the main Income Protection cover, so your clients won't need to wait for their chosen deferred period to end before making a claim.
  • Back-to-work payment - clients with deferred periods of 13, 26 or 52 weeks will receive a back-to-work payment in their first and second months back at work to help with the financial impact of returning.  
  • Accelerated claims for terminal illness - if a client has less than 12 months to live, and meets our definition of terminal illness, they won’t need to wait for their deferred period to end before their payments start.
  • Additional payment on death - if a client dies during the term of their cover, we’ll pay out a lump sum equal to 12 times the monthly premium for their Income Protection.
  • Personal support - Our Helping Hand Support Service provides access to independent support including a recruitment helpline which can help with sourcing cover for a key member of staff, as well as a legal helpline which can help with questions around employment law. The service also gives your clients and their partner and children access to practical and emotional support on their journey towards recovery.

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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.