Income Protection Plan Who are Shepherds Friendly? Established - PowerPoint PPT Presentation

Income Protection Plan

Who are Shepherds Friendly? ▪ Established in 1826 ▪ Based in Cheadle Cheshire ▪ £80m+ funds under management ▪ No need for reinsurance ▪ International Cooperative and Mutual Income Insurance Federation Award – Fastest Growing Insurer UK, 8 th Globally Protection Plan ▪ Investment Exchange Award – Best Small insurer (assets under £2 Billion) ▪ Assureweb/ Ipipeline coming soon

Features ▪ We cover up to 70% of income to a maximum benefit of £49,000 per year ▪ Own occupation throughout for all deferral periods – Day one and 1 week now available ▪ Career breaks possible from 3 to 24 months ▪ Guaranteed insurability with up to 20% additional increase of cover for life events such Income as mortgage increase on moving home, birth or Protection Plan adoption of child, marriage and divorce ▪ We NEVER load premiums for Occupation/Smokers/Medical/BMI (max 38)

Features Continued… ▪ Working Person Benefit / Proportional benefit ▪ House Persons Benefit - eligible to claim 50% of your chosen level of Benefits up to a maximum of £1,500 per month, paid for a maximum of 12 months. ▪ 6 month linked claims ▪ Waiver of premium included Income Protection Plan ▪ Indexation option ▪ Vary the plan at any time

Full Term ▪ Pays 100% of the benefit out for the life of a claim (max age 70) ▪ Continuous benefit paid until able to return to work or until termination date ▪ Claim as many times as client needs to ▪ No increase in premium from ages 16-30, then age costed reviewable premiums Income Protection Plan ▪ Maximum age at entry 60

2 Year Claim Option ▪ Benefits are payable to a maximum of two years for each claim ▪ Once client has reached the two year maximum period they must return to work in Own Occupation for a continuous period of at least 6 months to claim again for the same condition ▪ 6 month linked claims for the same condition, Income provided client has not reached the two year Protection Plan maximum period ▪ The benefit will be payable for “new condition claims” after the chosen deferral period ends ▪ Maximum age at entry 60

Sports and Pastimes Skiing and Snowboarding Specific Details Requested Restrictions Deferred Period Recreational dry Less than 13 Standard rates slope or nursery weeks slopes, no off piste, easiest or beginner slopes only Any off piste, red or Less than 13 Skiing exclusion Income black runs or any weeks intermediate, Protection Plan moderate, advanced or expert slopes Standard rates for a 13 weeks or Standard rates deferred period of 13 greater weeks or greater

Underwriting ▪ Never load premiums ▪ May exclude health conditions (typically reviewable, possible localised) ▪ Most occupations considered, police and teachers standard terms. Oil rig workers welcome 13 weeks deferred ▪ Deferral periods determined by risk of Income occupation Protection Plan ▪ Access to underwriters for presales queries ▪ Maximum 24 hour underwriting timescale

What makes the Plans Great ▪ Low premiums – review “Total Premiums Payable” when you quote with us – this is detailed on the quote ▪ 5 star Defaqto rated ▪ No rating of premiums ▪ Perfect for the young and over 50’s Income ▪ No automatic dispense limits Protection Plan ▪ Claims paid statistics: 2017 96% 2016 97% 2015 97.6%

Coming Soon • 1 year claim period • 24 hour GP service • Reviewable exclusions for all Income • Fracture / Burns Cover Protection Plan • Interactive virtual underwriting

Thank you for your time! Income Protection Plan