Health insurance specialist Goodfellows has introduced DisabilitySAFE, an income protection plan that is particularly aimed at professionals who are paid by the hour.
The package is available for individuals and for businesses who want to provide cover for their employees. The company says the Government's curtailing of state disability benefits has created opportunities for low-cost income protection that covers a range of circumstances. It is offering the package to all occupations, including those classified as high risk.
The type of benefits on offer is not a radical departure from other products on the market as permanent disability, accidental loss of sight, hearing and limbs, and accidental death are all catered for.
But it does carve a niche for itself by being attractive to certain jobs, such as the legal profession and accountants, for whom the calculation of benefits based on annual income is unsuitable.
High earners or people in high-risk occupations are therefore more likely to appreciate DisabilitySAFE's angle on the market rather than low-risk occupations or low-paid manual workers whose needs are catered for elsewhere.