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ScotEq extends range

Scottish Equitable Protect is adding income and unemployment products to its protection range to extend the scope of its menu-based protection suite.

The income product, which ScotEq says has been designed specifically with IFAs in mind, is available through its mortgage, personal and business menus, while its unemployment cover can only be accessed through the mortgage menu.

Under the income protection option on its personal and mortgage menus, clients receive up to 55 per cent of their gross salary until they return to work, reach retirement age or die.

State benefits can be claimed in addition to the full benefit amount. Claimants have the choice of deferred periods, with the option for payment to commence after four weeks.

The business menu gives a choice of keyperson and executive income protection, with an immediate acceptance facility and a guaranteed insurability option.

The income product also comes with a feature to allow IFAs and their clients access to a specialist nurse service, aimed at helping claimants understand and make the best of their circumstances. The service employs only registered general nurses with at least one other qualification in areas including mental health, health visiting and occupational health.

Head of marketing Heather Armstrong says: “Our product range is built to offer real benefits, matching genuine demand from IFAs and their clients. Protection has risen inexorably up IFAs&#39 list of priorities as products have bec-ome easier to get to grips with and flexible enough to meet individual client needs.”


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