Income Protection Flashcards
1
Q
Where does Vitality rank in IP providers?
A
Third in the market?
2
Q
What is the deferral period?
A
The amount of time taken off before a pay out
3
Q
When can you get a 7 day deferral period?
A
When you’re self-employed
4
Q
What are Vitality’s payment periods?
A
1 year, 2 years, 5 years or full term
5
Q
What are Vitality’s two occupation definitions?
A
Standard (employed or self employed) or house-person
6
Q
What is the max benefit for a standard occupation?
A
£16,666 per month
7
Q
What is the max benefit for a house-person?
A
£1500 a month + £100 a month per dependent up to 3 kids
8
Q
What are the criteria for a house-person being eligible for a pay out?
A
Cannot complete 3/5 daily acitivities
9
Q
A
