Aviva wins ESG Investment Award at the 2023 Business and Finance ESG Awards

Aviva’s income protection policy covers up to 75% of your clients’ earnings (excluding Benefit in Kind), less State Illness Benefit, with a maximum of €262,500 a year or €5,048 a week. This ensures essential expenses like gas, electricity, food, and loan repayments are covered while they are off sick.

With the recent state illness benefit increase, we’ve updated all our tools and calculators to reflect the new annual figure of €12,688. Our calculators are designed to help simplify your job and help your clients achieve their financial goals. Here are some of the tools we offer:

• Protection Solutions Tool: Customises insurance plans to your clients’ needs, builds a plan based on their budget, and generates a co-branded report for review.
• Risk Check Calculator: Helps clients understand the likelihood of unforeseen events, such as being unable to work due to illness or injury, or death.

As market leaders in Income Protection, we offer policies to suit all your clients’ needs, including Executive Income Protection, Personal Income Protection, and Wage Protector. Aviva policies are flexible, with deferred payment periods of 4, 8, 13, 26, or 52 weeks, and the option to ensure benefits keep up with inflation. We also offer an escalation option, allowing benefits to increase by 3% each year while a claim is being paid.

All of the below are included in the plan at no extra cost.

• Guaranteed Increase Option
  Your client can increase their benefit by up to 20% offered every 3 years without additional underwriting.
• Continuation Option
  Within 60 days of ceasing employment, without providing any additional evidence of good health, your client can elect to start a new Executive Income Protection Policy with their new employer.
• Aviva Care
  Comes at no extra cost!
  • Digital GP
  • Best Doctors
  • Bereavement support
  • Family Care
• Hospital cash
  Daily replacement income if in hospital for more than 7 days during the deferred period.
• Waiver of premium
  Your client won’t pay any premiums while we’re paying them an income, and their plan will carry on as normal. This means if they return to work and need to claim again, they can.
• Work Tasks Disability
  This benefit allows your client to keep their policy in force if they stop working for reasons other than illness or injury. If they contact us, we will reduce their benefit to €15,000 per annum and the premium will reduce accordingly. During this period in the event of claim, the claim will be assessed under the work tasks definition.
• Overseas benefit
  In claim, the full benefit will be paid if your client is resident within Europe (including UK). If your client moves outside of Europe, we will pay for 13 weeks.
• Rehabilitation benefit
  During a claim your client has access to tailored rehabilitation and exercise programmes if they need it or it’s appropriate for the type of injury they’ve suffered.
• Career change programme
  The objective of the programme is to assist those who after recovery are unable to return to their normal occupation, in seeking a new career or alternative employment.

A standout benefit of Aviva’s income protection policy is the tax relief on premiums. Your clients can enjoy full tax relief on all premiums paid at their marginal tax rate, making it an even more affordable option. Additionally, your customers will gain access to Aviva Care services, including digital GP consultations, mental health support, and bereavement support, all at no extra cost.

At Aviva, we’re constantly innovating to help you promote Income Protection to your customers. Check out our insightful sales aid, “The Difference Income Protection Can Make,”. This resource features a fictional journey illustrating the profound impact of life with and without Income Protection. It’s a powerful tool to help your customers understand the importance of safeguarding their income.

While the state illness benefit provides a basic safety net, it often falls short of covering all expenses. An income protection policy with Aviva offers comprehensive, flexible, and financially valuable coverage. Plus, Aviva Care services provide additional support during challenging times. With over 40 years of experience, Aviva is the Income Protection expert in Ireland.