Vitality Income Protection Insurance

Monthly Benefit and Maximum Cover

Vitality will cover a maximum of 60% of the first £5,000 per month of pre-incapacity earnings, plus 50% of pre-incapacity earnings in excess of £5,000 per month. For example, if your monthly earnings are £7,000, you would receive 60% of £5,000 (£3,000) plus 50% of the remaining £2,000 (£1,000), totaling £4,000 per month.

Vitality pays up to £1,500 per month automatically without considering the salary when calculating the maximum amount payable. For earnings above £1,500 clients need to verify their earnings within the first 6 months of the plan to guarantee a payout of up to £8,000.

Incapacity Levels

Vitality have two definitions of incapacity.
Standard Definition: The insured is unable to perform the material and substantial duties of their own occupation.
Special Definition: For the first 12 months of a claim Vitality will pay the full monthly benefit as described in the Standard Definition above, after which there will be a reassessment. If at this point the insured is unable to perform at least 3 daily living activities without assistance, the policy will continue to pay the full monthly benefit. However, if the insured is able to perform at least 3 daily living activities unaided but is still unable to work in their own occupation, Vitality will continue to pay 50% of the monthly benefit.

Medical Exclusions

Medical exclusions may be applied to the policy as a result of answers provided by the policyholder.

Deferred Period

Members can choose from the following deferment periods when the policy is set up:

• 7 days (self-employed only)
• 4 or 8 weeks
• 3, 6, 12, 24 or 60 months

The policy also offers the option to set a dual deferred period. This can be helpful for employees who receive full sick pay followed by reduced sick pay.

Benefit Period

The Vitality Income Protection plan covers clients for 1, 2 or 5 years or until the end of the policy term.

Policy Duration

Clients can have a Income Protection policy that lasts 54 years as a maximum term and 5 years as a minimum term. The maximum expiry age is 70 years old.

Vitality Programme

The Vitality Programme is a points-based rewards system which incentivises policyholders for taking measures to safeguard their health.

Vitality Points can be earned through a variety of activities such as walking, using a health-tracking device and visiting an approved gym. Points can also be earned by taking part in a Vitality Healthcheck or submitting the results of medical tests, check ups and preventative measures carried out by a GP. For example, providing evidence to show that Body Mass Index, Blood Pressure and Cholesterol levels are considered healthy can earn Vitality Points. Sharing evidence of eye tests, dental check ups, vaccinations, smear tests, mammograms, prostrate screenings can also earn points.

Income Boost

Vitality may increase the monthly benefit by up to 20% for the first six months of a qualifying claim. This amount is determined by the policyholder’s “Vitality Status” prior to claim. To receive the full 20% Income Boost policyholders must have achieved a Vitality Status of Platinum. Gold status pays an additional 15% and Silver pays 10%.

Hospital Benefit

If the Policyholder is hospitalised for more than 7 consecutive nights during the deferred period the policy will pay a benefit of £100 per night. This is payable from the 7th consecutive days and for a maximum of 90 days thereafter.

Recovery Benefit

Recovery Benefit provides access to private health benefits and additional support to help members back to work sooner. This is assessed independently from any other claim and requires that a medical professional has recommended a service which is covered.

The benefit has 3 medical pathways each with can provide access to services that will aid the recovery for policyholders incapacitated due to musculoskeletal, mental health or cancer.