Chapter 6 - Income Protection Insurance Flashcards
1
Q
What is typically the maximum benefit payable on a group income protection staff scheme, as a percentage of income?
A
75% of income
2
Q
Lucy has an income protection policy on which she has just made a claim. She should be aware that:
A
as long as she keeps paying the premiums the insurer cannot cancel the policy unless she breaches a policy condition.
3
Q
The highest level of cover provided by an income protection policy is one where incapacity is defined as:
A
Own occupation
