Protection insurance provider Scottish Equitable Protect added income and unemployment protecti...
Protection insurance provider Scottish Equitable Protect added income and unemployment protection to its product range this week. The move increases the options available on Scottish Equitable Protect's menu based protection suite.
The income protection product covers policy holders against long term inability to work caused by illness or injury and is available across the Personal, Mortgage and Business Protection menus. Unemployment cover is available on the Mortgage menu.
On Personal and Mortgage menus, the income and unemployment elements offer up to 55% of gross salary paid out until the sufferer returns to work, reaches retirement age or dies.
Heather Armstrong, head of marketing at Scottish Equitable Protect, commented: "Our product range is built to offer real benefits, matching genuine demand from IFAs and their clients. Protection has risen inexorably up IFAs' list of priorities, as products have become easier to get to grips with and flexible enough to meet individual clients' needs."
For more information about Scottish Equitable's menu based protection policies and range of support, both for individuals and businesses, IFAs should call 0800 600 1402 or visit www.scottishequitable.co.uk/protect
Annuity market worth £4bn in 2017
For ‘distress’ caused
Oversees £30bn of advised and D2C assets
Less than a third of top paid employees are women
£1bn business since inception