Income Protection Cover

is insurance that pays out a regular monthly benefit if you suffer a loss of income because you are unable to work for an extended period of time due to incapacity caused by an illness or injury.

If you have a lot of outgoings, Income Protection could give you the financial support you need, so you can concentrate on getting better.

AXA Income Protection Cover offers a benefit that could help to pay your mortgage repayments and other monthly expenses if you are unable to work due to illness or injury, for longer than the deferred period selected.

Income Protection Cover pays out a regular monthly benefit if the customer becomes unable to work for longer than the deferred period selected due to illness or injury & suffers a loss of earnings as a result.

The cover may be less than you need if you do not review it regularly in relation to your earnings.

Terms & Conditions apply.

We refer to the customer’s illness or injury as ‘incapacity’ & we judge this according to the definition of incapacity which applies to their occupation.  These definitions are shown in your Cover schedule.

The benefit will begin once the deferred period has expired & will continue to be paid for as long as the claim is valid.

Cover is provided until the end of the cover period regardless of how many claims are made.

The amount of cover should be based on the level of the customer’s net earnings before they became unable to work.  This is because the benefits are tax free (tax benefits can vary).  A  Financial Adviser will be able to provide advice.

It is important that the you do not buy too much cover.  If you do & a claim is made, we will not pay the full amount.

Claims must be notified to AXA within the deferred period otherwise we may extend the deferred period or decline a claim.

Claims are paid monthly in arrears until the first of the following events happens: - the cover ends, you die, you no longer meet the definition or you become resident outside of the permitted countries for a period of more than 12 m. Further details can be found in the Key Features Document.

As the customer you must be aged between 18 & 59 when the cover starts & must end no later than their 65th birthday.

Please ensure that you discuss the detail of this cover with your financial adviser.