Income Protection

Protect your business from the cost of long-term sickness absence

What is Income Protection?

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Income Protection pays your employees up to 75% of their salary if they’re ill or injured and can’t work, so you don’t have to. Typically paid when an employee has been off work for six months, it continues for either a set period, until they return to work or until they retire.

Start protecting your business today

Take care of your people and protect your business with a choice of options from one of the country’s largest, most respected insurers.

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How can Income Protection help your business?

Legal help to save you money

From day one you’ll get unlimited access to Unum's Employer and Employee Assistance Programme (EAP) at no additional cost. Unum provide a telephone legal helpline and support with legal document creation to help you deal with the complexities of employment law, health and safety, and other legislative obligations – without the large bill! Unum also provide a lifestyle helpline to help your employees deal with things like childcare, stress and debt. There’s even stress awareness and wellbeing workshops, ensuring you get support when you need it, not just when you need to claim.

Help managing sickness absence

Managing sickness absence can be a headache – who to call, what to say and how do you make sure you stay on the right side of the law? With Unum’s Income Protection you get unlimited access to a nationwide team of rehabilitation experts at no additional cost – including a rehab helpline that you can call at any time, even before your employee goes off sick. This team will guide you through the process and help you get your employees back to work before you know it.

Award-winning cover from:

Workplace Savings & Benefits Awards 2014

Winner - Group Risk Provider of the Year

Unum is one of the UK’s leading financial protection insurers. We sell Income Protection, Critical Illness cover and Life Insurance. Unum insure 36 of the FTSE 100 and have a financial strength rating of A- (Strong) from Standard & Poor’s. As at July 2015.

 

Significant BenefitsBasicStandardComprehensive
To quote on and buy this product you will need a minimum of 2 employees.
Income Protection % of Earnings
Directors50%60%75%
Equity Partners*50%50%50%
Employees50%60%75%
Definition of Salary
DirectorsAverage annual salary, bonus, commissions, dividends and director loan account payments received from the employer in the previous 3 yearsAverage annual salary, bonus, commissions, dividends and director loan account payments received from the employer in the previous 3 yearsAverage annual salary, bonus, commissions, dividends and director loan account payments received from the employer in the previous 3 years
Equity PartnersAverage annual net taxable earnings received in the previous 3 yearsAverage annual net taxable earnings received in the previous 3 yearsAverage annual net taxable earnings received in the previous 3 years
EmployeesBasic SalaryBasic SalaryBasic Salary
Waiting period before benefit is paid26 weeks26 weeks26 weeks
Insured untilState Pension AgeState Pension AgeState Pension Age
Benefit paid for2 years5 yearsTo State Pension Age
% annual increase to benefit paid0%0%RPI to max 2.5% per year
Definition of incapacityUnable to perform insured occupationUnable to perform insured occupationUnable to perform insured occupation
Rehabilitation Services: A team of experts helping employers to manage absence and employees to return to worktickticktick
Employee Assistance Programme with access to: legal services for employer; lifestyle, counselling and legal support (eg wills and probate) for employeestickticktick

For information related to Tax and National insurance please click here
 

* 50% Earnings is maximum insurable for Equity Partners

 

This is a summary of the cover provided by Unum. Please refer to the Unum User Guide for full information

Here's a little more information about the policies we provide:

Start protecting your business today
Take care of your people and protect your business with a choice of options from one of the country’s largest, most respected insurers.

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