What We Offer

Our contracts, backed by exceptional service, offer unique flexibility, giving you control over not only the cost but also the specific features of your personal income protection insurance. Depending on your circumstances, you can choose:

• To protect up to 60% of your income;
• When you want your benefit payments to start. You can choose to receive benefit from the first day of incapacity or defer payments for any number of weeks between 1 and 52 or you can choose a deferred period of 104 weeks;
• Whether you want your cover to increase each year in line with inflation or remain at the same level;
• Whether the benefits paid to you in the event of a long term incapacity increase in line with inflation, remain at a constant level or reduce to a lower level than at the start for example where you have existing insurance policies;
• To increase your cover (subject to certain limits) without the need for further medical underwriting on the 6^th, 12^th and / or 15^th anniversary of taking out the relevant cover. You can use this feature to adapt your cover to major events in your life, like marriage / civil partnership, purchasing a new practice or a new home, becoming a parent, or when you have a significant increase in your income;
• To receive a regular top up payment of 20% of the value of your benefits as at the start of the claim for the most severe forms of incapacity;
• To receive a top up benefit equal to 26 weeks of benefit payable if you were to die within a short time of the start of your claim.

The standard features of our contract include:

Own occupation definition of incapacity: Our standard definition of incapacity for the duration of any claim is based on your inability to perform your own occupation due to an illness or accident, unlike some contracts which require that you are unable to perform any occupation before you are eligible for benefits.

Security: Your entitlement to benefit continues for as long as you are incapacitated and suffering a loss of earnings or until your contract matures. We will never refuse a claim or cancel your membership however many claims you make.

Career Break: If you take a career break you can suspend your cover for up to two years and resume it at the original level without a medical reassessment.

As well as enjoying the benefits of market leading income protection, as a member of the Society you are also entitled to a share of the Society’s profits. Every year we distribute the profits of our insurance and investment activities amongst our members to create a lump sum, currently free of income tax and capital gains tax, which is payable on the member’s sixtieth birthday. 

If you are considering applying for membership of the Society, you should read the Key Features Document as it contains important information about the terms and conditions of membership.