Harlowsave.coop Insurance services

Income Protection. Because you never know what’s around the corner.

Protect your income from accident, sickness or loss of job.

Income Protection is designed to cover a proportion of your income in the event that you are off work through accident, sickness or involuntary unemployment.

Protect up to 50% of your gross monthly income up to £2,500 per month
Flexible claim excess periods allowing you to choose when your benefit payments state
Benefit payments for up to 12 or 24 months for any one claim

What is Income Protection?

Income Protection is designed to cover a proportion of your income in the event that you’re unable to work because of accident, sickness, or involuntary unemployment. Have you ever considered what would happen if you lost your income? How would you pay your mortgage or rent and other household bills? Income Protection provides a monthly benefit so you can cover the basics and pay for the essentials, such as:

Mortgage or rent repayments
Car loans
Important insurance premiums
Credit card repayments
Utility bills
Food bills
Fuel costs and more...

Important things you need to know

This policy is not linked to any debt repayment facility.
You should review and update your insurance cover periodically to ensure that it meets your on-going income requirements.
If you stop paying premiums you will not get any money back and all cover ceases.
The premium rate is reviewable.

· It is your responsibility to ensure that this policy is suitable to meet your needs. Therefore it is important that you review the Policy Summary carefully so that you can make an informed decision before you apply. Full terms and conditions can be found in the Policy Document.

This Income Protection Insurance is optional. There are other providers of Short-Term Income Protection and other products designed to protect you against loss of income. For impartial information about insurance, please visit the website at www.moneymadeclear.org.uk

The cost of your Income Protection policy depends on the cover options chosen, for example accident, sickness and involuntary unemployment cover with a 30 day claim excess and 12 month claim payment period will cost £7.46 per £100 of monthly benefit.

Cover Options:
Insurance cover	You can choose the cover you want to include on your policy.	Options:
		• Accident and Sickness cover
		• Accident, Sickness and Involuntary Unemployment cover
		• Involuntary Unemployment cover
Level of insurance cover	You can choose the amount of monthly benefit that you’ll be paid when you claim.	Select any amount between £100 and £2,500 as long as it is not more than 50% of your gross monthly earnings at the time of application.
Claim excess period	You can choose your preferred claim excess period. This is the number of days that you are out of work due to an insured event where no benefit will be paid.	Options:
		0 days
		30 days
		60 days
		90 days
	A longer period means that you will have to meet more outgoings from your own resources before your claim can commence, however your premium will be lower.	Where you select 0 days excess you must be out of work for at least 30 consecutive days to claim, however your benefit will be backdated to the first day that you are out of work. The period that you select will be applied to your chosen insurance cover options.
Maximum claim duration	You can choose the maximum number of months that we will pay a benefit to you for a single insurance claim. If you select a longer period you will receive claim benefits for a longer period of time, however your premium will be higher.	Options:
		12 months
		• 24 months

Eligibility Criteria:

You are eligible for this policy if, on the start date, you:

are aged 18 years or over and you are under 65 years
work at least 16 hours per week and have done so for at least the last 6 months (not including seasonal and temporary work
live in the UK

To receive a quote, click here

or call 0845 121 2416

Lines are open 9.00am to 6.00pm Monday to Friday. Calls may be recorded or monitored.

MortgageCover+ (MC+) and Payment Protection Insurance (PPI) products are no longer available. With Income Protection insurance you can choose to cover your mortgage payments and more.

Income Protection is provided by CUNA Mutual Group Limited which is completely independent of Harlowsave Credit Union.

CUNA Mutual Group Limited is authorised and regulated by the Financial Services Authority (FSA) for insurance mediation. FSA number 304814.

CUNA Mutual Group Limited is registered in the UK, number 03571106. Registered office address: 3 Brindleyplace, Birmingham B1 2JB.