PG MUTUAL INCOME PROTECTION

PG Mutual Income Protection Plus

INCOME PROTECTION PLUS COVER

20% DISCOUNT OFF YOUR FIRST TWO YEAR’S SUBSCRIPTIONS.*

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ARE YOUR FINANCES COVERED IF YOU WERE UNABLE TO WORK DUE TO ACCIDENT OR ILLNESS?

We understand that to qualify as an Accountant takes years of dedication and study, so why risk that hard work by exposing the lifestyle you have worked so hard to achieve?

Do you know what your sick pay entitlements are if you were off work with an injury or illness?  If you’re employed, we advise that you check this with your employer or HR department.  If you’re self-employed it’s more straightforward; you either provide cover for yourself or rely on the state to provide limited support in the form of Employment and Support Allowance (if you complete the paperwork and qualify).  You could be left financially exposed and could have a major impact on the current lifestyle of you and your family.

PG Mutual, income protection specialists, provide members of The Association of International Accountants with a tailored plan designed to help bridge the gap between normal income levels and those that the state would provide if you were unable to work due to illness or injury – after all, when we fall ill our financial commitments do not go on hold.

Highlights of the policy include:

  • A supplement to state sickness benefits
  • Option to tailor cover to suit your individual needs
  • No waiting period – cover starts as soon as your first contribution is paid
  • No penalty for making a claim and no limit to the number of claims you make

Why have income protection when you can have Income Protection Plus?

PG Mutual can provide you with an Income Protection Plus plan that ensures you receive a regular monthly income for an affordable monthly cost, plus it builds up an investment element for your future.  Not only this, as a member you are entitled to an exclusive member benefits scheme that provides members with discounts and cashback on leading brands from Apple, John Lewis, EE, Marks & Spencer and many more…

As an AIA membership benefit, we have negotiated for you a 20% discount off your first two years’.

For details of this exclusive offer visit www.pgmutual.co.uk/quotation and enter discount code ‘AIA’ or call 0800 146 307.

*For full Terms and Conditions, visit www.pgmutual.co.uk/terms-and-conditionsPG Mutual is the trading name of Pharmaceutical and General Provident Society Ltd. Registered office: 11 Parkway, Porters Wood, St Albans, Hertfordshire AL3 6PA. Incorporated in the United Kingdom under the Friendly Societies Act 1992, Registered Number 462F. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, Firm Reference Number 110023.

LATEST INSIGHT FROM PG MUTUAL

Income protection at a discount / Do you have a good back-up plan?

The thought of losing one’s job is a frightening prospect, but with research from the TUC suggesting around one in eight (12%) men and women are forced to stop working before state pension age due to ill-health or disability, AIA members can now safeguard themselves against such a difficult scenario via discounted income protection insurance available to them at a 20 per cent discount for the first two years.

The TUC report, Postponing the pension: are we all working longer?, published last September, found that nearly half a million workers within five years of state pension age have had to leave the workplace for medical reasons. Another 2016 study, by housing charity, Shelter, found that one in three families in England could not pay their housing costs for more than a month if they lost their job, while nearly half of the families surveyed identified the cost of housing as the biggest drain on their budget.

One way to cater for such a scenario is to save; indeed anti-debt charity, Step Change, says – in its An Action Plan on Problem Debt, published in January 2015 – if every UK household had £1,000 saved, it would reduce the number falling into problem debt by half a million. Building up such a level of savings can, however, be difficult, and, argues PG Mutual, a not-for-profit membership organisation specialising in providing income protection insurance, ‘a better route is to consider taking an income protection policy’. Such policies provides people with a regular income should they be off work due to injury or illness, helping them to pay the bills and removing many financial worries during recovery.

PG Mutual said: “You might want to consider what would happen if you were unable to work due to sickness. Do you have a good back-up plan? If you’re employed, do you know how much your employer will pay you and for how long, and if self-employed, do you have enough savings to last you while you recover? Do you know what government benefits you would qualify for, and for how long? In short, are you financially secure enough to support your family and your lifestyle?  If the answer to these questions is ‘no’, you might want to visit www.pgmutual.co.uk/quotation for a quote for Income Protection Plus.” 

AIA Members receive a 20% discount off their first two years' cover^ by entering code ‘AIA’. ^For full terms and conditions, visit www.pgmutual.co.uk.