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NDF Administration – Home Protect

Thursday, April 17, 2003

Type: Cafeteria-style protection policy covering critical illness cover, term assurance, mortgage payment protection insurance

CRITICAL ILLNESS

Minimum premium/cover: £2/no minimum

Maximum cover: No maximum

Illnesses covered: Angioplasty, aorta graft surgery, aplastic anaemia, bacterial meningitis, benign brain tumour, blindness, cancer, coma, coronary artery bypass surgery, deafness, degenerative organic brain disease, heart attack, heart valve replacement or repair, HIV/AIDS as a result of accidental exposure whilst carrying out normal occupational duties, HIV/AIDS as a result of physical assault, HIV/AIDS from a blood transfusion, kidney failure, loss of independent existence after age 60 – Life tasks or mental incapacity definition, loss of limbs, loss of speech, major organ transplant, Motor Neurone Disease, Multiple Sclerosis, paralysis/paraplegia, Parkinson&#39s Disease before age 65, stroke, third degree burns, terminal illness (standalone critical illness cover only), Total Permanent Disability benefit before age 60

Minimum-maximum ages: 18-60

Charges: Plan charge £1.50-£2 a month

Options: Own occupation definition for occupation classes 1 and 2, own or any suited occupation definition for occupation class 3, work tasks definition for class 4 occupations, or life tasks definition for non-working plan holders

Commission: Subject to negotiation

TERM ASSURANCE

Type: Level or decreasing term assurance

Minimum sum assured/premium: £10,000/none

Minimum-maximum term: 10-40 years

Charges: Policy fee £1.60 a month

Commission: Subject to negotiation

MORTGAGE PAYMENT PROTECTION INSURANCE

Maximum benefit: 55% of average monthly earnings over previous 12 months

Benefit payment term: Two years

Deferred period: 4, 13, 26 weeks

Premium: £0.65 – £33 per £1,000 of monthly benefit

Commission: Subject to negotiation

Tel: 01727 737810

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