Shepherds Friendly Income Protection
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Founded |
1826 |
Documents
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Company Type |
Friendly Society |
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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. |
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.
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Overview of Key Policy Details
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Policy Type |
Income Protection |
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Underwriting |
Friendly Society |
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Premium Type |
Age Banded |
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Maximum Claim Duration |
Unlimited |
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Incapacity Definition |
Own Occupation |
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Deferred Period |
Day 1 & 2 / 4 / 8 / 13 / 26 / 52 weeks |
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Indexation |
Optional |
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Waiver of Premium |
Optional |
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Maximum Cover |
70% Gross |
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Maximum Cover |
£3,500.00 |
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Max. Policy Cease Age |
65 years old |
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Min. Policy Term |
5 years |
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Min. Entry Age |
16 years old |
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Max. Entry Age |
60 years old |
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Guaranteed Insurability |
No |
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Guaranteed Benefit |
Available |
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Overseas Travel |
Decided on a case by case basis. |
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Policy Exclusions |
Hazardous activities |
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Would recommend to a friend!