Compass Underwriting has launched incomeSAFE, an income protection plan designed to provide income r...
Compass Underwriting has launched incomeSAFE, an income protection plan designed to provide income replacement in the event of a GP-certified disability preventing normal or similar work. IncomeSAFE pays 75% of gross monthly earnings, up to £2,500 tax free, after a 14 day waiting period. Benefit periods of 12 and 24 months can be chosen. Premiums are occupation related and range from 1.6% of benefit for 12 months, non-manual, to 4.85% of benefit for 24 months, heavy manual. No medical is required and there are no loadings dependent on the sex, age or smoking habits of those taking out th...
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