AIG Life has launched a new income protection product that offers rehabilitation support among its key features.
The life insurer said the product combines the financial benefit of income replacement with early intervention services to help customers recover faster and get back to work quicker.
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Available as part of its menu plan, which also includes life cover and critical illness cover, the features of AIG Life’s income protection product include:
- Rehabilitation Support
- 2 Year Limited Payment Term Option
- Guaranteed Benefit amount of £1,500 (customers don’t have to prove their income up to this amount at claim)
- Family Carer, Recuperation, Trauma and Hospitalisation benefits
- Terminal Illness (advance payment)
- Death Benefit
Vicky Churcher, intermediary director at AIG Life said: “The financial benefits of income protection are obviously the main reason advisers recommend income protection to their clients. But I believe our new product stands out in the market because people want to get better quicker and they want to return to work as soon as possible.
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By GlobalData“Our early intervention rehabilitation support service starts during the deferred period and can help speed recovery. Rehabilitation support services should be an important consideration as well as the financial benefits when an adviser makes an income protection recommendation.”
Another key feature of the new product allows customers to choose a 2 year payment period rather than the traditional full plan term. This offers flexibility because everyone’s needs and budgets are different.
And like most of AIG Life’s products, Income Protection also includes Best Doctors, Winston’s Wish and the Funeral Pledge.
