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Executive Income Protection

Executive Income Protection is designed for small/medium-sized businesses providing selected employees the benefits of an extended sick pay arrangement.

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Important information

As part of a regular review into our offerings, we have made the difficult decision to exit from the Executive Income Protection market and close to new business – enabling us to focus on the areas that we see as future growth opportunities in line with our strategy. 

Please be aware that we are no longer accepting quotes for new business and our medical underwriting team stopped accepting new applications after 28th January 2022. Any active quotes within the guarantee period are being honoured, and we will continue to service existing policies in the usual way that our customers expect going forwards.

Support services
Offering more than just insurance

Our Executive Income Protection customers have immediate access to a range of health and wellbeing support services.

  • Help@hand

    Providing insured employees with fast, direct access to six high quality health and wellbeing support services through one easy-to-use app - including remote GPs, mental health support, physiotherapy and EAP access.
  • Employee Assistance Programme (EAP)

    Our comprehensive EAP provided by LifeWorks includes access for all insured employees to a confidential 24/7 helpline, financial and business legal support, wellbeing content and tailored health and fitness plans.
  • Rehabilitation and return to work support

    Immediate access to specialist support to help individuals stay at work if struggling with a health condition or return to work after absence. We also offer a personal wellbeing check to keep your employees engaged and productive.

What is Executive Income Protection?

In the event of injury or illness that leads to loss of earnings, the plan pays a regular monthly benefit to the employer that can be passed on to the employee to help them meet their financial commitments.

Benefit options

Unum provides Executive Income Protection customers an extensive range of benefit options including:

  • A generous maximum initial benefit of up to £300,000 a year
  • Cover based on the executive's own occupation
  • No premiums payable while benefits are being paid - free waiver of premium automatically included
  • Flexibility - benefit is paid direct to the employer, so it can either be passed on to the employee through PAYE or retained to support the business
  • Inflation protection - cover will be automatically increased each year in line with Retail Price Index (RPI)

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Useful resources

Executive Income Protection Terms and Conditions - UP625

Why choose us
Insurance with a difference

Our Executive Income Protection policy offers flexible cover options and a number of features to support your clients when they need it most.

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    Flexible cover options to suit budget

    A benefit of up to 80% of earnings with a market-leading maximum annual benefit of £300,000.

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    No automatic medical reports

    We won’t automatically request a GP report or medical because the benefit amount is above a certain limit. We only need further information if a medical condition disclosed on the application form requires investigation.

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    Guaranteed increase options

    Increase the amount of cover available without the need to complete a new application or go back through the underwriting process.

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    No standard exclusions

    There are no standard exclusions under our plan.

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    Portable cover if the employee leaves service

    The plan can be switched to a new employer or into the employee’s own name without further underwriting.

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    Specialist support to help employees back to work

    We have a team of specialists who can help to achieve a safe and sustainable return to work. Rehabilitation and reintegration programmes are an integral part of the claims management process and the support we provide.

Wellbeing calendar
Upcoming events and webinars

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Tue, 28 Jun, 11:00

  • Physical
  • Lifestyle
Talk to us events man on the phone
Awareness date
Fri, 1 Jul, 12:00

  • Lifestyle
  • Emotional
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Mon, 4 Jul, 11:00

  • Lifestyle
  • Emotional
  • Physical
"My clients are safe in the hands of Unum, in my experience the most professional and caring support for executive income protection applications."
Lucy Thomlison
St. James's Place Wealth Management

We're here to help

Have a question or can’t find what you’re looking for? Get in touch with us.

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