Income Protection Plus
for Working
Professionals
How would you replace your income if you were off work?
Sickness or injury can affect any of us, at any age and at any time. It can take us out of work short-term, long-term or permanently, potentially leaving us without an income or a means to get by financially.
An income is a lot to go without. Many say they would rely on their work sick pay scheme – but this is time limited. Others say they would rely on the savings they have set aside – but incapacity could see your hard-earned savings depleted in no time. So, what would happen next?
That’s where Income Protection Plus from PG Mutual comes in.
An Income Protection Plus plan offers a financial safety net for the times that you are unable to work due to incapacity. It could pay you a regular income, of up to 70% of your pre-tax income, until you are well enough to go back to work or reach age 65, whichever comes first.
How Income Protection Plus has helped working professionals
(These are real cases although names and places have been changed for privacy).
Karen was a self-employed Business Consultant based in Cumbria.
When Karen was diagnosed with cancer of the colon she was unable to work for 3 months. Her self-employed work status meant she wouldn’t be entitled to any company sick pay.
Karen’s Income Protection Plan (that she had chosen to kick on day 1 of her leave) was there to support her financially during these 3 months so she didn’t have to worry about her loss of income and could focus on her recovery.
To date this is Karen’s 4th claim with PG Mutual.
Michael is a Technical Manager based in London.
After suffering from a backache Michael was off work for one month. He was only entitled to one week of sick pay from his employer.
Fortunately, he had chosen an Income Protection Plan to help cover himself financially during times of incapacity. Due to his claim being paid quickly by PG Mutual he didn’t need to use any savings he had set aside to pay for his outgoings during this time. To date this is Michaels’ 5th claim with PG Mutual.
If you feel this might be the right support for you then get a quote today.
If you feel this might be the right support for you then get a quote today.
How Income Protection Plus helps working professionals
- We understand income protection inside out – we’ve been providing income protection to our members for almost 100 years.
- We offer long term cover, which can pay up until age 65 or when you are fit enough to go back to work, whichever comes first.
- You’ll also have a range of deferral periods to choose from so your plan can start paying out when you would need it to (when your sick pay or savings would reduce or stop).
- PG Mutual currently offers you free access to a wellbeing counselling service for yourself and your family as well as a virtual GP 24/7 service.
- We are a not for profit Mutual so everything we do is for our members.
- We may also offer you vocational rehabilitation if we feel it could help you get back to work sooner.
- Your Income Protection Plus plan also includes a profit share feature aiming to build a cash lump sum over the life of your policy for payment to you in your retirement years.
- Our Income Protection Plus plan has been created to cover the specific needs that healthcare professionals have.