Holloway style income protection policies were originally introduced in the late 1800's, but to many people they are as relevant today as they were back then. Essentially, the core benefit of our Income Protection (Holloway) plan is to provide a replacement income benefit if you are ill or injured and unable to work.
Where a holloway plan differs to normal income protection plans is when the policy finishes, as a small portion of your premium will be invested with the aim of providing a tax-free cash lump sum payable at your selected retirement age.
For more details on the plan read the Income Protection (Holloway) Key Features and Rules.
If you want to protect your income against illness or injury but like the idea of getting some money back when your policy finishes, our holloway product could be for you.
If you're an employee and unable to work due to illness or injury, the maximum statutory sick pay you would receive is £81.60 per week for the first 28 weeks (Source: HMRC 2011). Would this pay the bills?
Having income protection means not having this worry. It means reassurance that if you are ill or injured and cannot work, you can still protect your family.
There's nothing more important in life than your health. Having private medical insurance means that if you need medical treatment you will be looked after quickly with a greater choice of quality hospital facilities.
Less worry about waiting times, less worry about catching a hospital acquired infection, and more peace of mind that if the unexpected happens you will be treated in the best possible way.
Living abroad is many people's dream. Sun, sea, sand and cocktails by the beach. But living abroad isn't all worry free, particularly when it comes to looking after your health.
Finding and paying for quality treatment can be a real challenge, the last thing you need when you're feeling unwell. That's why private medical insurance designed especially for expats is so valuable. Peace of mind that you are protected.
Exeter Family Friendly is a trading name of Exeter Friendly Society Limited, which is authorised and regulated by the Financial Services Authority (Register number 205309) and is incorporated under the Friendly Societies Act 1992 Register No. 91F registered office at Lakeside House, Emperor Way, Exeter, England EX1 3FD.
