Accident, sickness and unemployment mortgage protection plan
MONEY MARKETING - 13TH AUGUST 2002
Burgesses:
Independencefirst and Prosperityfirst
Type:
Independencefirst – income-protection contract in the event of unemployment. Prosperityfirst – income protection policy in the event of disability.
income protection policy
Maximum benefit:
Up to £2,500 a month, provided that the benefit does not exceed 75 per cent of average gross earnings.
Benefit payment term:
12 months
Deferred period:
30 days
Premium:
£2.50 per £100 of monthly benefit
Commission:
20 per cent of monthly premium
