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shepherds friendly income protection review

Shepherds Friendly Income Protection

Founded

1826

Documents

Policy Terms PDF
Key facts PDF

Company Type

Friendly Society

Company Overview

Starting life as a sickness and benefits society the friendly society has grown from a traditional insurance provider to a modern broadly based financial organisation with over 25,000 members.

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Type of Policy
Income Required
per
month
Date of Birth
 

Income Protection Overview

A good traditional income protection policy from a Friendly Society however it is important to note the benefit payment is reduced after the first 2 years of a claim and premiums rise with age.

 

Shepherds Friendly use an ‘Own Occupation’ incapacity definition for the vast majority of occupations…

 

It is important to note that this plan has ‘Age Banded’ premiums which will rise at a set rate over the policy term. Please see Income Protection Plan Premium Rate Table

 

The Shepherds Friendly product has an application which includes full medical underwriting so you know exactly where you stand from the outset…

 

Shepherds Friendly Policy Details

An overview of the key policy details of Shepherds Friendly proposition.

Overview of Key Policy Details

Policy Type

Income Protection
(Accident & Sickness Only)

Underwriting

Friendly Society

Premium Type

Age Banded
The premiums will increase at a set rate over the life of the policy as you age.

Maximum Claim Duration

Unlimited

Incapacity Definition

Own Occupation
After 12 months depending on your occupation the definition of incapacity can change from ‘Own Occupation’ to ‘Reasonable Alternative’.

Deferred Period

Day 1 & 2 / 4 / 8 / 13 / 26 / 52 weeks

Indexation

Optional
Both the benefit and premium will automatically increase annually in line with the Consumer Price Index.

Waiver of Premium

Optional

Maximum Cover
(% Income)

70% Gross
Taxable Earnings

Maximum Cover
(£ per month)

£3,500.00

Max. Policy Cease Age

65 years old

Min. Policy Term

5 years

Min. Entry Age

16 years old

Max. Entry Age

60 years old

Guaranteed Insurability

No

Guaranteed Benefit

Available

Overseas Travel

Decided on a case by case basis.

Policy Exclusions

Hazardous activities
Including diving, hand/para-gliding, parachuting, mountaineering, rock climbing and caving.

We have taken care to ensure that the information on this Drewberry owned website is accurate. However we can give no guarantee as to the accuracy of the content of the site. We accept no liability for any losses whether direct or indirect arising from errors on our part.
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REVIEWS
EXCELLENT
4.92 / 5 Average
1,263 Reviews
Anonymous
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SAM Carr was exceptional, he made my life very easy by explaining all the details very clearly whilst giving me the best advice possible for myself.

Would recommend to a friend!
Anonymous
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Provided the advice & guidance that I needed
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The overall experience which I have had can be summarized by Professional, Swift and friendly. I would recommend the service to others.
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Extremely helpful and rapid service at short notice.
A
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Very clear explanations of the options and then efficiently processed the transaction