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Long-term accident and sickness protection with additional unemployment insurance

Mortgage & Lifestyle Protection

Mortgage and Lifestyle Protection at a glance

Mortgage and Lifestyle Protection is our income protection with optional unemployment cover. It can protect both mortgage (or rental) payments, in addition to living expenses.

For added flexibility, two different policies can be set up for each client. For example, the mortgage cover could run alongside the life of the mortgage, with living expenses protection running up until retirement.

Mortgage Payment Protection

Living Expenses Protection

Unemployment Cover

Type of pay-out

Monthly income

Monthly income

Monthly income

Types of cover

Level

Level/inflation-linked

Level or inflation-linked (if this was chosen for Living Expenses Protection)

Term

Between five years and when your client reaches age 70

Between five years and when your client reaches age 70

Between five years and the maximum age for their occupation or until 36 months have been paid in total in which case your client's unemployment cover will end

Minimum age attained at entry

17

17

17

Maximum age attained at entry

65

65

65

Maximum age attained at end of policy term

70

70

70

Minimum premium

£10

£10

£10

Maximum claim period

Lasts until the earlier of:

  • Your client gets better
  • The policy end date
  • Your client dies

Lasts until the earlier of:

  • Your client gets better
  • The policy end date
  • Your client dies

Up to 36 months total over the lifetime of the plan, with a maximum of 12 months per claim.

Waiting period

1, 2, 3 or 6 months

1, 2, 3 or 6 months

1, 2, 3 or 6 months

Eligibility criteria

Your client must be a permanent UK resident and employed or self-employed

Your client must be a permanent UK resident and employed or self-employed

Your client must be a permanent UK resident and employed or self-employed

Extras

If you're unsure the product is right for your client, you can speak to our adviser support team on 0800 678 1890 or email us at [email protected] and we'll be happy to help. Our lines are open from 9am to 5.30pm Monday to Friday. For textphone first dial 18001.

0800 678 1890

TextDirect: first dial 18001

9am - 5.30pm Monday - Friday

We may record and/or monitor calls for training and audit purposes.

Literature

FOR UK FINANCIAL ADVISERS ONLY
LV=, County Gates, Bournemouth, BH1 2NF, UK