ExecutiveSAFE policy
INSURANCE TIMES - 27TH MAY 2002
City underwriters Burgesses has launched an executive protection policy called executiveSAFE.
executiveSAFE will provide tax-free benefits of up to 200% of an executive normal gross income if paid to the employer without the need for medical examination.
The policy is useful for people who are subject to benefit restrictions under a group PHI scheme.
Cover of up to £1 million is also available as a lump sum payment if an executive is permanently unable to perform the major duties of his own occupation.
