Business Protection Waiver of Premium (Sickness)

Would your clients still be able to pay their premiums if they were unable to work due to an illness or injury?

Our Waiver of Premium (Sickness) through our Business Menu Plan, covers your clients' premiums should they become ill or injured and meet our definition of incapacitated, or if they're diagnosed with a terminal illness and have less than 12 months to live.

Benefits of our Business Protection Waiver of Premium (Sickness)

  • Choice - your clients can choose a deferred period (4, 8, 13, 26 or 52 weeks) to suit their needs, after which we'll start paying their premiums.
  • Flexibility - if your clients' circumstances change, they can usually amend their chosen deferred period to suit their needs.
  • Accelerated claims for terminal illness - if your clients are diagnosed with a terminal illness that meets our definition, they won't need to wait for their deferred period to end before we start paying their premiums. 
  • Reassurance - we automatically include Waiver of Premium (Sickness) when your clients take out Income Protection and Key Person 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.