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Income protection Holloway Plans

Drewberry

Drewberry Insurance is a leading independent insurance intermediary, serving individuals and families throughout the UK. Drewberry provides independent advice and quotes from all market leading insurers to ensure their clients gain the most appropriate plan at the most competitive premiums.


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Income protection

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These are particularly suitable for the self employed, low paid and those who do not want to fall back onto state aid or their savings.

 

  • Income payment protection policy

  • Offered only by a small number of Friendly Societies

  • Pays out a monthly income to those unable to work due to sickness or injury.

  • Offer a short or no deferred period; often called ' day one' basis

  • Premiums only vary by age, not other factors such as sex, smoking, or occupation.

  • Can contain an investment element paid at retirement.

  • Can select size of contribution

  • Can select level or escalating cover

  • Cover lasts for duration of membership; irrespective of claims

  • Pay between 50 and 75% of income

  • Payments may halve after 6 or 12 months

  • Cover and payments cease at retirement age.

 

 

 

Types of income protection plan

  
 

 

 

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For more information, advice or quotes please view the Drewberry Income Protection website.