Clubfinance - Income Protection Insurance - Online Quote

<body> <table width="1000" border="0" bordercolor="#FFFFFF" style="border-collapse:collapse" cellpadding="5" cellspacing="0"> <tr> <td class="style3" width="110" rowspan="3" align="left" valign="top" bgcolor="#0000FF" background="../cellback1.gif"> <p> </p> <p><br><a href="../index.php"> Home</a></p> <p><a href="../aboutus.php"> About us</a></p> <p><a href="../ProductIndex.php"> Investments</a></p> <p><a href="../insurance.php"> Insurance</a></p> <p><a href="../Mortgages/Mortgages.php"> Mortgages</a></p> <p><a href="../changeofagent.php"> Change of  agent</a></p> <p><a href="../Fund-supermarket.php"> Fund<br> supermarkets</a></p> <p><a href="../ourprocess.php"> How to apply</a></p> <p><a href="../documentation.php"> Documents</a></p> <p><a href="../faq.php"> FAQs</a></p> <p><a href="../Links.php"> Links</a></p> <p><a href="../Contact.php"> Contact us</a></p> <p><a href="../Refer-a-friend.php"> Refer a friend</a></p> <p><a href="/Charity/CharitableGiving.php"> Charitable<br>  giving<br>  scheme</a></p> <br> <br> <br> <br> </td> <td align="left" valign="top" style="border-bottom-style: none; border-bottom-width: medium"> <a title="Clubfinance Discount Broker for Investment and Insurance Homepage" href="../index.php"> <img border="0" src="../Clubfinance_Logo_5.gif" width="285" height="36"></a><br> <font face="Arial" size="1"><b>                      Discount Broker for investments, insurance & mortgages</b></font></td> <td align="left" valign="top" style="border-bottom-style: none; border-bottom-width: medium"><div align="center"></div></td> </tr> <tr> <td height="2%" colspan="2" align="left" valign="top" style="border-style: none; border-width: medium"> <h1 align="justify"><font size="4" face="Arial">Income Protection Insurance</font></h1> <p align="justify"><font face="Arial" size="2">We have a no obligation on-line quotation service for Income Protection Insurance:</font><p> <font face="Arial" style="font-size: 11pt">              <a onMouseOver="document.insurance.src=insuranceOne.src" onMouseOut="document.insurance.src=insuranceTwo.src" href="https://www.webline.co.uk/PHI.asp?Vnd_Number=6566&SS=default.css"> <IMG SRC="Income-protection-insurance-online-quote-button1.gif" BORDER="0" Name="insurance" ALT="Income Protection Insurance no obligation online quote" align="middle" width="130" height="39"></a>   <a href="https://www.webline.co.uk/PHI.asp?Vnd_Number=6566&SS=default.css"> <img border="0" src="insurance-quote-arrow1.jpg" align="bottom" width="264" height="106"></a></font><p align="justify"> <font face="Arial" size="2">Please ensure you read the Key Features and other product information and fully understand the policy you are interested in. Please remember that the terms offered by each insurer will be different and therefore price should not be the sole consideration.</font><p align="justify"> <font face="Arial" size="2"><b><font color="#FF0000">Remember</font></b> your<font color="#0000FF"> </font> <a target="_parent" href="../documentation.php"><font color="#0000FF">Client Declaration</font></a><font color="#0000FF"> </font>(all parties to sign), see<font color="#0000FF"> </font> <a target="_parent" href="../ourprocess_insurance.php"> <font color="#0000FF">our process</font></a><font color="#0000FF"> </font>for details. As with all online quotations of this type, the premiums quoted are estimates only and the actual premiums will depend on individual circumstances. If the eventual premium differs from the quotation, the policy will not commence without your agreement.</font><p align="justify"> <font face="Arial" size="2">Please note that quotations are valid for only a limited period of time, generally 30 days. In addition, unless you proceed to the personal illustration stage, it will be necessary to requote. If your circumstances change between the quotation being generated and the policy going into force, the premium may be affected. This includes passing a birthday, half-birthday (6 months after your birthday), or in some cases a quarter birthday (3 or 9 months after your birthday).</font><h1 align="justify"> <font size="3" face="Arial">What is Income Protection Insurance?</font></h1> <p align="justify"><font face="Arial" size="2">Income Protection Insurance policies are designed to replace lost income if you are unable to work, due to illness or accident, for more than a specified period of time. Once the benefits have started, they will continue until you return to work, die, or reach the expiry date of the contract. Typically the expiry date is selected to be the same as your retirement age. There is usually a restriction in the amount of cover based on a percentage of your income.</font><p align="justify"> <font face="Arial" size="2">Income Protection Insurance is also known as income replacement or Permanent Health Insurance. You pay regular premiums to an insurance company, and subject to certain conditions, they will pay you a benefit if you are too ill to work. There is usually no limit to the number of claims that you can make.</font><h1 align="justify"> <font size="3" face="Arial">Know the Product</font></h1> <p align="justify"> <font face="Arial" size="2">Income Protection Insurance is a complex product and policies from different providers vary. This variation includes but is not limited to: income tests applied at the claims stage, whether state benefits are offset, how the policy interacts with employer sick pay/benefits, co-insurance clauses if you have more than one Income Protection policy, and the occupational basis on which policies are underwritten.</font></p> <h4 align="justify"><font face="Arial">Incapacity</font></h4> <p align="justify"><font face="Arial" size="2">When choosing an Income Protection Policy a key consideration is the definition of incapacity. You must meet the specific definition in your policy in order for the policy to pay out. Insurance companies use different definitions of incapacity so you must check the policy documentation for specific definitions. The most common ones are: </font> <ul> <li> <p align="justify"><font face="Arial" size="2">‘own occupation’ – you can claim if you cannot carry out your own occupation;</font></li> <li> <p align="justify"><font face="Arial" size="2">‘any suited occupation’ – you can claim only if you cannot carry out your own occupation, or any other occupation to which you are suited (as defined in your policy);</font></li> <li> <p align="justify"><font face="Arial" size="2">‘any occupation’ – you can only claim if you cannot carry out any job;</font></li> <li> <p align="justify"><font face="Arial" size="2">‘activities of daily living’ – you can only claim if you cannot perform specified everyday tasks, e.g. washing and dressing; and</font></li> <li> <p align="justify"><font face="Arial" size="2">‘activities of daily working’ – you can only claim if you cannot perform specified work-related tasks, e.g. walking, communicating and using manual dexterity.</font></li> </ul> <p align="justify"><font face="Arial" size="2">Some definitions may not be available for certain occupations. The definition that applies to you will impact on the cost of the policy.</font><h4 align="justify"><font face="Arial">Different policies</font></h4> <p align="justify"><font face="Arial" size="2">Most insurance companies will offer a range of different income protection policies. Typically, you will pay more for policies offering greater cover. For example, ‘own occupation’ cover is likely to cost more than ‘any occupation’ cover. The cost will depend on a number of factors, including age, sex, occupation and medical history.</font><h4><font face="Arial">Deferred period</font></h4> <p align="justify"><font face="Arial" size="2">Benefits do not start to be paid until you have been unable to work for more than a specified period of time, known as the ‘deferred period’ or ‘deferment period’. This period can range from 4 to 52 weeks. The longer the deferral, the lower the premium will be. You will probably wish to match this to your personal circumstances. </font> <h4><font face="Arial">Length of cover</font></h4> <p align="justify"><font face="Arial" size="2">The term of the Income Protection policy (i.e. the age at which cover ceases) is usually also the maximum period for which benefit will be paid if you are too ill to work. </font> <p align="justify"><font face="Arial" size="2">One option is to choose your normal retirement age, but the longer the policy term, the more expensive it is likely to be. </font> <h4><font face="Arial">Premium type</font></h4> <p align="justify"><font face="Arial" size="2">The amount you pay can be fixed or can change. You may have the following choices: </font> <ul> <li> <p align="justify"><font face="Arial" size="2">Guaranteed – the premiums are fixed. The insurer cannot make changes, except in agreed circumstances (e.g. to rise with inflation). </font> </li> <li> <p align="justify"><font face="Arial" size="2">Reviewable – the insurer can change the amount you pay based on its overall claims experience, costs, etc. Typically, the changes do not depend on any claims you have made. Usually, the insurer cannot make changes during an initial period. </font> </li> <li> <p align="justify"><font face="Arial" size="2">Renewable – premiums are set for a fixed period. After this, you have the right to continue your plan, and your insurance company will set the premium level for a further fixed period, based on your age at that time. </font> </li> </ul> <p align="justify"><font face="Arial" size="2">The type of rate you choose will affect the amount you pay. </font> <h4><font face="Arial">Increasing benefit?</font></h4> <p align="justify"><font face="Arial" size="2">You can choose whether the benefits under the policy remain constant or increase over time to help compensate for the effects of inflation. Different insurers offer different rates of increase. The premiums will increase in line with the increasing benefit. </font> <h4 align="justify"><font face="Arial">Limits on the amount of cover</font></h4> <p align="justify"><font face="Arial" size="2">The maximum benefit you can choose will be based on a percentage of your normal earnings; this will vary between insurance companies. This is to provide an incentive to return to work, and because currently for individuals purchasing Income Protection, benefits are free of income tax. The quotation system on our site will give an indication of the maximum cover if you leave the ‘Monthly Benefit Amount’ box blank. Please note that this is an indication only, and the actual maximum will depend on your more detailed personal circumstances. If you make a claim, depending on the policy, the benefit actually paid may be restricted based on your recent earnings in for example the last 12 months.</font><h4><font face="Arial">Assessing your needs</font></h4> <p align="justify"><font face="Arial" size="2">To determine your need for Income Protection insurance, you will need to consider what might happen to your income and expenses if you were too ill to work. Relevant factors to consider will include: </font> <ul> <li> <p align="justify"><font face="Arial" size="2">Statutory Sick Pay or other arrangements made by your employer;</font></li> <li> <p align="justify"><font face="Arial" size="2">State benefits such as Long Term Incapacity Benefit and the possibility that these benefits may change in the future (see<font color="#0000FF"> </font> <a target="_blank" href="http://www.jobcentreplus.gov.uk"> <font color="#0000FF">www.jobcentreplus.gov.uk</font></a> for more information; note that the definition of incapacity for state benefits may not be the same as that used by an insurer);</font></li> <li> <p align="justify"><font face="Arial" size="2">other insurance cover that you have including that arranged by your employer; </font> </li> <li><font face="Arial" size="2">your savings & investments; </font> </li> <li> <p align="justify"><font face="Arial" size="2">any pension that you are receiving or could receive in the future;</font></li> <li><font face="Arial" size="2">alternative employment;</font></li> <li><font face="Arial" size="2">any other sources of income;</font></li> <li> <p align="justify"><font face="Arial" size="2">your expenses now and how these might change if you become be too ill to work for a long period of time. </font> </li> </ul> <p align="justify"><font face="Arial" size="2">Income Protection Insurance may be unnecessary if your employer has a satisfactory long-term sick-pay scheme (considering both the amount, and for how long you would receive an income). Any insurer will limit the amount they will pay you. If your employer’s scheme is adequate, this limit may mean that you would receive very little or nothing from an Income Protection Insurance policy.</font><h1> <font size="3" face="Arial"><a name="Application">Application</a></font></h1> <p align="justify"><font face="Arial" size="2">To apply for a policy you will have to complete and sign a proposal form. This includes questions on your age, occupation and health. You must answer all questions truthfully. You must also inform the insurer of any change in your circumstances between completing the application and the policy going into force. If you do not, or if you fail to disclose all relevant information, your policy may not pay out. Once the insurance company has received this information, in some cases it may need additional information for underwriting purposes. In some cases your answers may result in you being refused cover or a change to the premium quoted. Once the policy is in force you have an ongoing duty to tell the insurance company about any changes in your circumstances.</font><h1> <font size="2" face="Arial">Product providers included in the Clubfinance quote</font></h1> <p align="justify"><font face="Arial" size="2">Our on-line quotation service includes the following product providers:</font><ul> <li><font face="Arial" size="2">Axa</font></li> <li><font face="Arial" size="2">Bright grey</font></li> <li><font face="Arial" size="2">Friends Provident</font></li> <li><font face="Arial" size="2">Liverpool Victoria</font></li> <li><font face="Arial" size="2">Scottish Provident</font></li> <li><font face="Arial" size="2">Standard Life</font></li> <li><font face="Arial" size="2">Synergy Financial Products</font></li> <li><font face="Arial" size="2">Unum Provident</font></li> </ul> <h1 align="justify"><font face="Arial" size="3">How does Clubfinance provide such low quotes relative to even some of the 'Discount Life Insurance' companies?</font></h1> <p align="justify"><font face="Arial" size="2">First, we do not give advice or recommendations. Second, Clubfinance has a very simple policy of providing excellent value to our customers. We do this by rebating our initial commission to reduce the premium. We rebate up to 90% of initial commissions. We urge you obtain quotes from other companies, as we are confident of our low quotes.</font><h1><font size="3" face="Arial">Conclusion</font></h1> <p align="justify"><font face="Arial" size="2">It requires careful planning to choose the right insurance policy. It is important to read the Key Features and other information relating to each policy to understand the features, benefits and limitations of each. It is also important to make sure that your cover continues to suit your changing needs and circumstances. </font> <p align="justify"><font face="Arial" size="2"><b>This is a general overview only. You must read the Key Features and other product information specific to the policy you are considering. This overview does not represent and is not intended to represent advice or recommendation. If you need advice you must contact a firm that can provide the advice you need.</b></font><p align="center"> <font face="Arial"> <a href="https://www.webline.co.uk/PHI.asp?Vnd_Number=6566&SS=default.css"> <font color="#0000FF" size="2">Please click here for a no obligation online quote for income protection insurance</font></a></font><p> </td> </tr> <tr> <td colspan="2" style="border-style: none; border-width: medium"> <font face="Arial"> <b>Important Information</b></font><p align="justify"> <font face="Arial" size="2">Clubfinance Ltd is authorised and regulated by the Financial Services Authority. Clubfinance offers an execution-only discount broker service; Clubfinance does not give advice or recommendations. If you have any doubt about the suitability of a particular product or service, or you require advice, you should seek a personal recommendation from an appropriate firm that does give advice. Clubfinance does not produce the products it arranges, or manage the underlying investments. Payments must not be made to Clubfinance, but to the relevant product provider. Contact details for Clubfinance can be found under ‘<a style="color: blue; text-decoration: underline; text-underline: single" href="../Contact.php"><font color="#0000FF">contact us</font></a>’. Users of this website should be aware of the following:</font></p> <ul> <li><p align="justify"> <font face="Arial" size="2">Past performance is not a reliable indicator of future results.</font> </li> <li><p align="justify"> <font face="Arial" size="2">The value of investments and the income from them can fall as well as rise as a result of market and currency fluctuations. For many types of investment, you may be placing your capital at risk, meaning that you may not get back the amount originally invested and you may risk losing your entire investment.</font> </li> <li><p align="justify"> <font face="Arial" size="2">Some investments and policies may only be suitable as medium or long-term products.</font> </li> <li><p align="justify"> <font face="Arial" size="2">Tax treatments depend on your individual circumstances and may be subject to change in future.</font></li> <li><p align="justify"> <font face="Arial" size="2">This website contains financial promotions relating to services offered by and products available through Clubfinance.</font> </li> <li><p align="justify"> <font face="Arial" size="2">In the event of any conflict between product literature and information provided by Clubfinance, the product literature shall prevail. </font></p> </li> </ul> <p align="justify"> <font face="Arial" size="2">The information on this website is intended solely for the use of those people who are United Kingdom residents for tax and investment purposes and is governed by our terms and conditions of website usage, </font><span style="font-family: Arial"> <font size="2">please <a style="color: blue; text-decoration: underline; text-underline: single" target="_blank" href="../Webconditions.php">click here</a> for details.</font></span><font face="Arial" size="2"> It is not for distribution in any other jurisdiction, including the United States of America. Anyone who is not a UK resident should not continue with this site unless wishing to read about personal finances available to UK residents for informational purposes only.</font></p> <p align="center"> <font size="1"><span style="font-family: Arial">©</span></font><span style="font-family: Arial"><font size="1">2004-2010 Clubfinance Ltd, all rights reserved. <br> </font></span><font size="1"><span style="font-family: Arial"> Clubfinance Ltd. Registered Office: Charleston House, 13 High Street, Old Town, Hemel Hempstead, Hertfordshire, HP1 3AA<br>  Telephone: 01442 217 287, Fax: 01442 241 045<br> Registered in England, Registered Number: 04522114. Consumer Credit Licence Number: 608951<br> Clubfinance Ltd. is authorised and regulated by the Financial Services Authority (400139)</span></font></td> </tr> </table> </body>