Product details of our Income Protection

Find out more about our Income Protection and how your clients can choose their own cover to suit their individual business needs.
  • Basis – single life
  • Premiums – guaranteed
  • Payment of cover – Monthly income: level or increasing
  • Payment period – 1 year, 2 years, 5 years or whole term
  • Deferred period – 4,8,13, 26 or 52 weeks
  • Term – 5-52 years
  • Age when cover starts – Minimum 18 attained, Maximum 59 attained
  • Age when cover ends –  Maximum 70 attained
  • Maximum cover amount – up to 65% of the first £15,000 of pre-incapacity earnings, plus 55% of the remainder, up to £250,000 a year

To help protect against the effects of inflation your clients can choose to increase the amount of cover over the term of their plan in one of two ways:

  • Fixed rate – at a chosen rate of interest (between 2% and 5%). There’s an extra cost for this option.
  • Index-linked rate – based on the change in the retail price index (between 2% and 10%). There’s an extra cost for this option

The amount of cover paid out at claim will never be less than the lower of £1,500 each month or the amount of cover on the plan.

If at claim your client's earnings are less than the amount of cover they have on their plan, we'll pay the lower of:

  • the amount of cover on their plan subject to a minimum of £1,500 a month, or
  • the amount of cover on the plan at the time of the claim

This provides greater protection for your client if their income drops after the cover is taken out.

We'll continue to pay your clients a monthly income until:

  • they return to work
  • they die
  • the end of the term of the cover
  • they no longer meet the definition of incapacitated
  • the cover payment period ends

If your clients return to work after a claim and the illness (or a related one) recurs, we might be able to restart their payments again (subject to certain conditions). If the illness recurs within 52 weeks, the deferred period won’t apply and your clients can start getting payments right away if they meet our definition of incapacitated.

Additional benefits of Income Protection

Our Income Protection under our Business Menu Plan automatically includes fracture cover and hospitalisation payment as standard.

There’s no need to wait for your chosen deferred period to end before getting a payout and they don’t affect your main Income Protection cover.

We’ll pay up to £4,000 per fracture cover claim - we cover multiple fractures in the same claim, up to the £4,000 claim limit. And a client can make up to two fracture claims in a 12 month period.

  • Fracture cover is available from the day a client's Income Protection starts and there's no deferred period to wait before making a claim.
  • It doesn't affect your client's main Income Protection cover.

The payout a client receives depends on the fracture site, see our plan details for full details. 

Skeleton showing fracture cover locations

If a client is hospitalised 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. If we’ve started paying a claim and they’re discharged from hospital, then readmitted for the same cause, we’ll restart their payments (subject to certain conditions).

We give clients with deferred periods of 13, 26 and 52 weeks a back-to-work payment in their first and second months back at work to help meet any additional expenses.
The amount they get depends on their cover payment period:

Cover payment periodFirst month  Second month  
Whole term  50% of monthly payment  25% of monthly payment
One,two or five years  25% of monthly payment  10% of monthly payment

We won't pay an Income Protection claim if:

  • It’s the result of intentional self-inflicted injury.
  • It’s the result of an exclusion shown on the cover summary.
  • The person covered doesn’t meet the definition of incapacitated in our plan details.
  • If any medical or other evidence is not supplied when we ask for it.

Terms and conditions

For full terms and conditions, including our definitions under Income Protection see our Business Menu Income Protection plan details.

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

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.