Pioneer launches new income protection plan

The plan offers guaranteed age costed premiums in order to make initial costs more affordable. These premiums will rise with time, along with the majority of most consumers’ salaries and other outgoings and rates will vary depending on sex and smoker status. The product involves no financial underwriting at point of claim, no standard policy exclusions and non-deduction of state benefits. PIP also includes an increase insurance option which is index linked to 10% in any one year. Customers can take this option at key life stages such as marriage or civil partnership, the birth of a ch...