A flexible income protection plan providing guaranteed payments and benefits such as rehabilitation and help to switch career is available to ActiveQuote customers with Holloway Friendly.
One2Protect is a simple and flexible income protection insurance designed to be as easy to use as possible. Available to employees aged between 18 and 59, it covers policyholders for an unlimited number of claims and guarantees the monthly payment you’ll receive, reducing your stress should you be unable to work because of an accident or illness.
Have you ever thought about what might happen if you were too ill to work for a length of time? This is where income protection can prove invaluable, with the right cover giving you peace of mind that you can pay the bills and maintain your family’s lifestyle.
In 2017, a report called The Cost of Resilience showed that a third of adults in the UK - the equivalent of 17m people - would not easily recover from a financial shock such as being made redundant or being off sick. You may not think anything will happen to you at any age, let alone when you’re in the early stages of your career, but it’s wise to consider income protection for young people as soon as you can, which is why One2Protect is available from the age of 18.
How does One2Protect work?
When illness or injury prevents you from working, One2Protect aims to provide you with regular payments to replace some of your earnings.
- You choose how soon the benefit payments commence, which can be as soon as your employer sick pay ends
- You are covered for an unlimited number of claims for the duration of the plan
- You can guarantee the amount of income protection payment you receive
Guaranteed premiums and benefits
Holloway Friendly aims to provide busy people with simple, quick and easy income protection. An essential feature of One2Protect is to guarantee your premiums for the first five years, reassuring you that you know what your regular payments will be and can plan around them.
Peace of mind is often the main reason for taking out income protection, giving you confidence you’ll have help financially if you become unable to work. One2Protect provides an automatic benefit guarantee, ensuring you’ll receive up to £1,500 a month, depending on your level of cover - even if your wages have reduced since your plan started.
An optional benefit guarantee of over £1,500 is also available with proof of earnings.
Illness, accident and injury cover
Whether you become ill, have an accident or suffer an injury which stops you from being able to work, and whether this happens at work or elsewhere, you will be covered with One2Protect.
Cover for up to 60% of your earnings
Whether you’re employed, self-employed or a company director of your own business, you will be covered for a maximum of 60% of your earnings, up to £100,000 a year.
Following injury or illness, a One2Protect plan can provide you with support to get your life back to normal as soon as possible. If you could return to your occupation in a part-time or reduced role, you could receive additional benefit to support your transition back to work, for up to 12 months. You’ll also have access to a free 24/7 helpline offering counselling and legal advice.
Supporting a career change
If you’re receiving income protection benefit but are unable to return to your pre-incapacity occupation, you may consider starting an alternative form of employment which pays a lower salary. In this case, One2Protect may provide you with a proportionate benefit; a partial monthly benefit for up to 12 months to help with your reduced income.
Additional helpful features of One2Protect also include reviewable premiums, medical expenses benefit and terminal illness benefit. A premium waiver is also an option, covering your premiums when you are unable to work because of illness and injury.
ActiveQuote.com partner Holloway Friendly is a long-established, forward-thinking specialist provider that understands the importance of being supported through sickness and injury. The One2Protect income protection plan offers just this, with simple, affordable and accessible cover designed to provide stability and peace of mind.
To find out more about One2Protect or other accident and sickness insurance options that might suit your lifestyle, speak to our expert advisors on 0800 862 0373.