Our Income Cover for Sickness pays out a monthly income if your clients
are either unable to work because of an illness or injury or are unable to carry
out a number of work-related tasks. Payments continue until the first of the
following happens:
the person covered recovers and is able to return to work
the person covered no longer meets the definition of incapacity
the cover ends
the cover payment period ends
the person covered dies.
We automatically include Payment Cover for Sickness with Income Cover for Sickness.
Key features:
Choice of payment periods - 1 and 2 years and whole of term
Only 1 standard exclusion
Covers up to 50% of pre-tax earnings
Instant cover
Helping Hand
Term of cover
5 - 40 years
Basis of cover
Single life
Guaranteed or reviewable payments
Guaranteed
Maximum amount of cover
50% of pre-tax earnings up to:
£150,000 each year
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 year, 2 years or whole term
Deferred period
4, 13, 26 and 52 weeks
Exclusions
We won't pay a claim if:
it’s the result of intentional self-inflicted injury
it’s the result of an excluded cause shown on the cover summary
the person covered doesn’t meet the definition of incapacitated in section D of the plan details, or
if any medical or other evidence is not supplied when we ask for it
Bright Grey offers 2 definitions of incapacity under Income Cover for Sickness:
Own occupation and
Working tasks
You can find full definitions of these in section D of our plan details booklet.
