Unum unveils budget group IP product


Unum has launched a new group income protection (GIP) product targeted at a wider range of employees than most schemes.

The foundation level plan offers cover for up to 60% income replacement until retirement and with support from the provider's rehabilitation programme, but with no offset for State benefits. Unum said the product provides protection for essential financial outgoings such as mortgage payments, bills and transport costs and also increased affordability for employers. "This foundation cover will continue to pay until retirement for those who need it the most - the 30%-35% of our claimants that cannot perform any suited activity and will never return to work," it said. The plan starts ...

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