Think about everything your income provides. And think about what would happen if that income stopped.
Since 2003, we have paid out on 95% of all claims made.
Metfriendly's Income Protection Plan keeps the money coming in if your income is taken away – and it's specifically tailored to Police Officers with many features you will not find elsewhere.
The plan also comes complete with our Nurse Support service that you can call for long term practical help and emotional support if you are affected by a serious health condition, whether mental or physical.
Metfriendly Nurse Support is a service provided by a third party that is not regulated by the Financial Conduct Authority. This service is not part of our terms and conditions, so can be amended or withdrawn at any time.
When WILL my Income Protection plan pay out?
You are diagnosed whilst serving with any of the critical illnesses (see below), you survive the initial diagnosis by 28 days and you meet the other policy conditions for that illness.
Once medically retired, unable to perform any other occupation for which you are reasonably fitted by training, education or experience subject to any physical limitations imposed by the condition causing medical retirement.
These headings are only a guide to what is covered. The full definitions of the illnesses covered and the circumstances in which you can claim are given in the policy document.
How long will you pay my Income Protection benefit for?
If you remain on 'no pay' for more than 2 years, the monthly benefit will cease to be paid, but you will still be eligible to claim medical retirement benefits.
This plan has been specifically designed around your conditions of service, so the benefits (and premiums) are tailored to suit your needs and not be excessive. The policy document gives full details of the cover provided and includes all the definitions, exclusions, terms and conditions. The Income Protection policy document is available to view here should you wish to see this before making your decision. Additionally, the Money Advice Service™ provides useful financial information on its website http://www.moneyadviceservice.org.uk/. However, if you are still unsure as to the suitability of this plan, and wish to obtain personal advice, you should contact an independent financial adviser.
Premiums are the same for males and females. The level of premium is based on your pensionable pay – the "Insured Earnings" – and smoking status. The table below gives you a few examples, assuming that you are in good health at the time of commencement and are accepted at standard rates.
Premiums will increase/decrease in line with your pensionable salary and smoking status, so you must tell us of any change in your circumstances, e.g promotion, part-time working or smoking status. Failure to do so will affect the level of benefit you may receive in the event of a claim.
We regularly review the premium rate for this plan and apply any change to members already covered by this plan, but we will tell you beforehand if we are going to do this.