Bright Grey – Key Person Income Cover for Sickness features, benefits and options

Key person income cover for sickness - features, benefits & options

Our Key Person Income Cover for Sickness features, benefits and options include:

Cover increase options
Choice of payment periods
Only 1 standard exclusion
Covers up to 75% of gross profit
Helping Hand

Term of cover

5 - 20 years

Basis of cover

Single life

Guaranteed or reviewable payments

Guaranteed

Payment of cover

75% of gross profit up to
£250,000 per annum

Minimum age when cover starts

18 attained

Maximum age when cover starts

59 attained

Maximum age when cover ends

64 attained

Payment of cover

Income
Level
Increasing

Payment period

1, 2, 3, 4 or 5 years

Deferred period

4, 13, 26 and 52 weeks

Exclusions

Intentional Self-inflicted injury

Increasing cover can be:

a fixed rate between 2% and 5%. There's an extra cost for this option
a rate based on the change in Retail Prices Index (between 2% and 10%) There's an extra cost for this option.

Download our 'plan details for the Business Protection Menu' PDF

Size: A4 - 52 pages - 158kb

Online Publication date: Apr 10

Bright Grey is a division of The Royal London Mutual Insurance Society Limited
which is authorised and regulated by the Financial Services Authority No. 117672.
Group registered VAT number 368 5244 27.