Income Payment Protection Plan
Statutory sick pay is low and income payments stop after a while whether or not you are back to full health. So how do you manage? Our Century Earnings Replacement Plan can help you protect your earnings and your lifestyle. Whenever illness or accident prevents you from earning your living, our Century Earnings Replacement Plan pays you up to £600 per week. Regular payment are made until you return to work or right up to the age of 60.
Find out more about our Earnings Replacement Plan
Do I need Income Protection
If you are working and you suddenly become ill and are unable to work, Income Protection can help. Ill health affects a surprisingly high number of people and can stop them earning, which could be worrying and stressful. Commitments like rent, mortgage, credit cards and loans all demand payment. Not only must you cope with your illness, the bills still need paying.
Find out more about our Income Payment protection Plan
Choose
the level of weekly cover you need between £18 and £600.
Choose
whether to begin receiving benefit payments immediately or after your
illness has lasted a short while ? known as a deferred period.
Benefit
is paid in three stages: Full Pay (100%)
for the first six months, then Half Pay
(50%) for the next six months followed by Reduced Pay
(30%) until recovery or age 60, whichever comes first.
Cover
starts as quickly as just three months after your child's membership
commences.
Benefits of Income Protection
With most earnings replacement schemes, if you don't need to make a claim you never get back any money you have paid in. The benefit of having income protection with The British Friendly Society not only protect you, it also provides a capital sum at the end of the plan. We offer the benefits of income protection, giving you the care you need by providing a cash payment when you are off work through accident or illness. The British Friendly Society exists for the benefit of the members. We currently have in excess of 16,000 members.
Find out more about our Income Payment protection Plan
Authorised and Regulated by the Financial Services Authority.
Registered No. 110013. A member of the Association of Friendly
Societies. A member of the Association of Mutual Insurers. Incorporated
under the Friendly Societies Act 1992. Registered No. 392F.
British Friendly Society Ltd, No.1 Trevor Street, Bedford, MK40 2AB - Telephone
01234 358344 Fax 01234 327879