Legal & General Income Protection Insurance

Monthly Benefit and Maximum Cover

60% of annual employed earnings up to £60,000 and 50% thereafter. Maximum monthly benefit £20,000 per month for level cover or £14,000 per month increasing cover. Houseperson working less than 16 hours a week maximum monthly benefit £1,666.67.

Incapacity Levels

Own Occupation: Policyholders are considered incapacitated if they have no capacity for working in their own occupation, on any basis, as a direct result of your injury or illness.

Homeperson: Policyholders considered incapacitated if they are unable to complete 3 tasks which relate to walking, climbing stairs, lifting, bending, entering and exiting a car and writing.

Medical Exclusions

There are no restrictions on the type of sickness or accident that can cause incapacity unless disclosed prior to the start of the policy. Medical history must be provided upon application. Personal medical exclusions will be declared in policy.

Deferred Period

Applicants can choose between 4, 8, 13, 26 or a 52 week deferred period.

Benefit Period

Income Protection Policy: The maximum duration of a claim is up until the end of the policy or the death of the policyholder.
Low Start Income Protection: Please note that Legal & General also offer a “Low Start Income Protection” policy which provides a benefit period of just 12 or 24 months. Given the shorter benefit period this policy has lower monthly premiums.

Policy Duration

Minimum duration 5 years but cannot end prior to the policyholder’s 50th birthday. Dependant on occupation policies can be set up to provide cover up to policyholder’s 70th birthday or set retirement age.

Wellbeing & Rehabilitation Support

Wellbeing Support: Included as standard, services are available to the policyholder, their partner and children living at home. Provided by experienced registered nurses, Wellbeing Support assists with advice, guidance, clinical assessment, help with managing serious and chronic illnesses.

Rehabilitation Support: Access to UK clinical healthcare experts to help policyholder in recovery and turning to work following a valid claim. Treatments received do not affect monthly benefits and can assist with range of issues including musculoskeletal pain, cancer, heart conditions, stroke and mental health.

Hospitalisation Benefit

Included as standard pays policyholder 1/30th of the policy’s monthly benefit for each night spent in hospital. Payments commence after the 8th consecutive day and continue until either the policyholder leaves hospital, their policy’s deferred period ends, after 13 weeks or the policyholder dies, whichever is the earliest. Maximum pay out £150 per night.

Death Benefit

Lump sum payment equal to 12 times the monthly premium (not the monthly benefit).

Fracture Cover

Optional addition which must be taken out at the start of any policy. Policyholder will be covered for specified diagnosed fractures, dislocated joints, ruptured tendons or ligament tears. Fractures classed as fatigue, hairline, stress, avulsion, chip, or microfracture are not covered. The lump sum amount paid ranges from £750 – £4,000 vary depending on which part of the body is affected. There is no limit to the number of claims that can be made, however the maximum amount paid will be no more than £4,000 in any policy year.

Private Diagnostics

Optional benefit provides policyholder and/or their children access to medical specialists to expedite diagnostic tests for Cardiology, Oncology or Neurosurgery. Requires referral from GP.