Income Protection.

jeffnail

usually the def period is set at the start of the plan and can in some plans change with an amendment. However some plans cannot be changed and a new plan may have to be taken out.

jessmist

I have just received my claim form today.
It only asks if i am receiving any other payment from another insurance policy and the amount i am receiving.
It does not mention if i am receiving any sick pay from my employer.

starrystarry

jessmist wrote: »

I took the policy out a couple of years after i started my job.
I get a month's sick pay every year. If i am not of sick in that calendar year the sick time accumulates.
My deferred period is 13 weeks.
I just filed the policy away and forgot about. I thought the deferred was set at 26 weeks.
Can you adjust the deferred period from year to year?
I will need to keep it set at a short period for the next few years. once i get back to work and start to build up my paid sick leave again.

You can probably increase the deferred period but any reduction in the deferred period would probably be subject to underwriting and as you have now been diagnosed with MS it's fairly certain that the underwriter would decline it. So be careful about increasing the deferred period, you might not be able to reduce it again in the future. You might be better of keeping the 13 week deferred period you've got now, even if it means you're paying over the odds.

I'm surprised the claim form doesn't ask about continuing sick pay etc. This is going to sound really patronising, so apologies in advance, but have you read it properly?

jessmist

The deferred period was set at 13 weeks when i took the policy out as i would have only had about 3 months full sick pay then.
I will just leave the deferred period as it is. I don't want to mess thing's up with the policy as the with the nature of ms i will probably have to claim again be for i retire.
I have just had another look at the claim form. All they want to know is if i have another insurance policy which is paying sickness benefit and how much,duration and company name.
It asks nothing about sick pay from my employer.
It just has a tick box asking if you currently able to work yes/no
I was expecting a form that my employer would have had to fill in.
But it's just a claim form about my illness/Difficulties and a form for my GP and a consent form to allow them access to my medical records.

kingstreet

I suspect they will do the medical underwriting of the claim first, then turn their attention to the financial side, requesting payslips from you and possibly a reference from your employer to confirm your earnings position.

jessmist

kingstreet wrote: »

I suspect they will do the medical underwriting of the claim first, then turn their attention to the financial side, requesting payslips from you and possibly a reference from your employer to confirm your earnings position.

Ye that's probably what they will do.