Income Protection
Personal Protection
Designed to pay a monthly income if your client is unable to work due to sickness or an accident. Our Income Protection Cover is part of our flexible menu plan. Choose a combination of covers with different amounts and terms, which can evolve to meet your clients’ changing needs.
Key features
- Choice of Income Protection – 2 years cover and Income Protection – Full term cover.
- Additional benefits automatically included – Rehabilitation Income Benefit, Proportionate Income Benefit, Fracture Cover and Hospitalisation Cover.
- Minimum benefit guarantee – for a monthly income more than £1,500, we’ll guarantee to pay at least £1,500 a month and for a monthly income of £1,500 or less, we’ll guarantee to pay the current cover amount.
- Scottish Widows Care gives long-term practical advice and emotional support to your clients and their families, from day one, through our relationship with RedArc and access to a 24/7 GP service through Clinic in a Pocket®.
- Guaranteed Insurability Options – cover can increase in certain circumstances without further medical underwriting.
Key details
| Key details | |
|---|---|
Basis of cover |
|
Minimum Term |
5 years
|
Minimum age when cover starts |
18 |
Maximum age when cover starts |
59 |
Maximum age when cover finishes |
70 next birthday (dependent on occupation) |
Minimum Sum Assured |
Depends on minimum premium |
Maximum Sum Assured |
|
Amount of cover |
60% of first £70,000 of gross earnings, and 45% above £70,000 |
Premiums |
Guaranteed |
Deferred periods |
4, 8, 13, 26 or 52 weeks |
Key documents
Policy Summary document (PDF, 1MB)
See all our protection documents in one place, including forms, guides and brochures.
Our Income Protection cover also has
-
With an Income Protection Cover – Full term policy, your client’s cover has no maximum number of claim payments for all claims before the policy ends.
-
With an Income Protection Cover – 2 years policy the maximum number of monthly claim payments your client can receive for each claim is 24.
If they’ve received 24 monthly claim payments, they can only make a new claim once they’ve returned to work for at least six consecutive months, working a minimum of 16 hours a week. This applies even if their new claim isn't linked to a previous claim.
-
After a claim, if your client returns to the job they were doing before their incapacity on a part-time basis or reduced duties, and their earnings are reduced, they may be able to receive monthly rehabilitation income benefit payments. This is designed to top up their income and will be a partial amount of their monthly income benefit.
Any payments will count towards your client's 24 monthly payments if they have select 2 years cover.
-
After a claim, if your client is unable to return to the job they were doing before their incapacity, but start a new job or occupation with lower earnings than their previous job, they may be able to receive monthly proportionate income benefit payments. This is designed to top up their income and will be a partial amount of their monthly income benefit.
Any payments will count towards your client's 24 monthly payments if they have select 2 years cover.
-
We’ll pay a lump sum if your client sustains a bone fracture or break that is covered by their policy. We won’t pay anything for hairline, stress or fatigue fractures, or if we have excluded Fracture Cover from your client’s policy.
The amount we’ll pay will depend on which area of the body the fracture occurs. The maximum amount we’ll pay for one Fracture Cover claim is £4,000, and this is also the maximum we’ll pay for all Fracture Cover claims in a 12 month period. We’ll only pay one claim for each type of fracture within 12 months. There is no deferred period for a Fracture Cover claim.
-
Hospitalisation Cover pays a lump sum if your client spends six consecutive nights or more in hospital.
If they’re an inpatient in hospital for six consecutive nights or more, we’ll pay them £125 a night, for up to a maximum of 90 nights, during the term of their policy. This will be paid as a lump sum and will end after the earliest of your client leaving hospital, their deferred period ending, their policy ending or they die.
-
If your client takes out a policy with a monthly cover amount of £1,500 or less, the minimum benefit guarantee they may get is their current cover amount. If their monthly cover amount is more than £1,500, the minimum benefit guarantee they may get is £1,500. This means that even if your client’s earnings change, they will know the minimum amount of benefit they will get if we accept a claim.
-
This option allows your client to apply to change the cover in certain circumstances without giving us more underwriting information at the time of the increase. We may agree to this if certain events occur, for example, their relationship status has changed or your mortgage has changed. There are a number of conditions that must be met when they apply to use this option, including being under 59 years of age and not having an incapacity when they request the change.
-
Scottish Widows Care, provided in partnership with RedArc, gives your client and their family access to practical advice and emotional support from the day the policy starts and for as long as it’s needed. See how we support your clients. And with access to Clinic in a Pocket, they’ll have access to a GP service 24/7.
-
Your clients can request to make changes to their policy once it has started. This flexibility means they can apply to make changes to their cover as their protection needs change without having to cancel the existing cover first. In some cases we will need to ask for more underwriting information.