Please note, Day One and 1 week deferred cover is still temporarily unavailable, along with Day One Accident Protection. These temporary measures also apply to any amendments to existing contracts.
Income Assured Enhanced
Income Assured Enhanced - Product Overview
Income Assured Enhanced is our new income protection contract. A Holloway Style contract that allows Members to share in the Society's success as well as providing affordable cover for those in more manual occupations. With no premium loadings for occupation, smokers or hazardous pursuits Income Assured Enhanced allows you to take your client further.
| Peace of mind for you.... |
...peace of mind for your clients |
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Plus Day One Accident Cover Option
On contracts with a deferred period of 1 week or longer and for an additional premium your client can protect themselves against a loss of earnings resulting from an injury from Day One, even though benefit payments for illness would start from their chosen deferred period.
Mutual Means Members First
As a mutual organisation we exist for the benefit of our Members. We publish our Claims Statistics annually and in detail so that you and your clients can judge our performance on the facts.
View our latest Claim Statistics here.
Find out more about Cirencester Friendly here.
What is included in Income Assured Enhanced?
Income Assured Enhanced was designed with a range of benefits that are automatically included within the premium. The table below gives you a quick overview of what's included in the contract.
| Type of contract |
Income Assured Enhanced is a Holloway Style income protction contract. It provides a regular benefit if your client is unable to work and loses their income as a result of illness or injury. It also gives the option to accumulate a capital sum alongside the protection contract. |
| Who can advise on the Product? |
In order to advise on Income Assured Enhanced you must be regulated by the Financial Conduct Authority for investment business (CF30). |
| Incapacity definition |
Own Occupation To qualify for benefit the client must, as a result of illness or injury, be totally unable to perform their own occupation and must not be doing any other type of work whatsoever. Housepersons A "Houseperson" definition of disability will mean that in order to claim benefit your client must be a bona fide Houseperson and totally unable to perform by themselves. |
| Amount of earnings covered |
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| Amount of benefit available |
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| Age range at entry |
Any age between 16 and 59. |
| Retirement Ages |
Cover up to age 70 |
| Deferred Periods |
Day One or 1, 4, 8, 13, 26 or 52 weeks deferred. |
| Day One Accident Protection |
On contracts with a deferred period of 1 week or longer and for an additional premium your client can protect themselves against a loss of earnings resulting from and injury from Day One, even though benefit payments for illness would start from their chosen deferred period. |
| Premium Type |
Premium rates are not level and will increase each year as your client gets older in accordance with our pre-published rate table. Premium rates are guaranteed |
| Refund of Premium |
Included as standard. |
| Index-linking |
Included as standard with the option to deselect at application. Any changes in premium are calculated using the CPI index. |
| Terminal Illness Benefit |
An amount equivalent to 6 months benefit will be paid as a lump sum, alongside regular benefit. |
| Rehabilitation Benefit / Proportionate Benefit |
If following their claim a client is unable to return to work on a full-time basis or they cannot perform their old job anymore they may apply for Rehabilitation or Proportionate Benefit. This will be paid at the sole discretion of the Society. |
For full the full details of Income Assured Enhanced download the Adviser Guide and Schedule 5 - the Rules of the contract.
Doing more for our Members
As a Friendly Society, we are owned by our Members – your clients. As such, we are always looking to add value for those Members.
Member Rewards – Your clients will have access to a whole range of discounts/cash back and offers on popular brands and services such as: Apple, Fiat, Tesco and a free telephone legal advice service. Find out more
Friendly Voice – We know that serious illness can be a worrying time, so your client and their spouse can get long term practical advice and emotional support from their Personal Nurse. This is a completely free and confidential service. Find out more
125 Foundation – Commemorating our 125th anniversary in 2015, this foundation provides financial support to good causes, benefiting your clients and their communities. Find out more
My Extra Benefits - Our latest range of enhancements that your clients can add to their income protection contracts. For £9 per month they can take out Fracture & Hospitalisation Benefit and Immediate Death Benefit as a package. Alternatively, Fracture & Hospitalisation Benefit costs £4 per month – and Immediate Death Benefit costs £5 per month. Find out more
Can my client apply for Income Assured Enhanced?
