Pure income protection insurance for the
employed, self-employed
and contractors

Established in 1927, dg mutual is an expert private insurer

N

Established 1927

We are a mutual friendly society established in 1927 to help our members and share our profits with them.

Here for you

In the last nine years over 99% of all claims paid and over 70% new claims paid within a week.

Benefit

  • Up to £1,200 benefit tax free per week
  • Benefit payable from day one or deferred by 4, 8, 13, 26 or 52 weeks
  • A tax free lump sum on retirement
  • Cover to a maximum age of 65

Contact us

We are dg mutual

Established in 1927, dg mutual is an expert private insurer specialising in income protection insurance for the employed and self-employed. You may be concerned about how you would pay your bills and manage financially, should you be unable to work due to illness. dg mutual offers a range of plans which includes sick pay insurance.

dg mutual offers a transparent and simple approach. If you would like us to contact you to provide an income protection insurance quotation, please fill in the form here.

Our members are employed,
self-employed or contractors

We are experts in protecting your income

Income Protection Insurance works by paying you a replacement income, should you sustain a loss of income through not being able to work through either illness or incapacity

Frequently Asked Questions

We like to be as transparent as possible. Here we have answered the most frequently asked questions. If you have any further questions, please contact us.

Is income protection insurance right for you?

There are many instances where people can benefit from an Income Insurance Protection plan from dg mutual :-

  • Self-employed people whose income is entirely dependent on them working
  • Home owners looking to protect mortgage payments
  • Anyone with regular monthly outgoings, such as loans, credit card payments, council tax and other bills
  • Those with family responsibilities
  • Those with full-time household duties (ie: housewife/househusband), who may need to pay for help with things like childcare if they are incapacitated.
Benefits of a policy from dg mutual
  • Benefit payable from day 1, or 4, 8, 13, 26 and 52 weeks of illness or injury
  • No Occupational Premium Loadings
  • No Smoker Premium Loadings
  • Constant or reducing benefit
    (Reducing benefit is available for Day One cover only)
  • Escalating benefit option – payable after 52 weeks of claim. Benefit will escalate by 3% and will continue to increase at that rate for every year the claim is valid
  • The option of a tax-free lump sum at end of policy
    (Free from UK personal income tax and capital gains tax under current legislation)
  • Cover to a maximum age of 65

Commuted Member

Should you choose to retire, become employed or cease your membership, there is an option to remain with dg mutual and become a Commuted Member. Although you will no longer be entitled to income protection (i.e. the sickness benefit), the investment element of your policy can remain in place. Many of our members choose to remain with the Society and either continue to contribute at a reduced rate or maintain their policy with no further contributions.

As a commuted member, you would be entitled to annual interest on the amount in your capital account and to an annual bond apportionment of £6.80 per bond along with the interest on the balance in the capital account, as at the 31st December each year. The interest rate is 4% and can be reviewed by our Board of Directors at any time.

You may remain a commuted member of the Society for as long as you wish. When you decide to terminate your policy, you would be entitled to the lump sum in your capital account plus the terminal bonus applicable at that time.

Why do I need Income Protection?

  • If you are unable to work due to illness or incapacity, how would you meet your essential bills, such as mortgage or rent payments, and support your family? You would almost certainly suffer a loss of income.
  • If you are employed, would you be entitled to any sick pay from your employer, and if so, how much? Any sick pay from your employer would generally only last a finite period.
  • The current weekly rate for statutory sick pay is £96.35 per week (2021). Could you really live on this?
  • If you are self-employed your earnings would stop immediately, and you would have to rely on your savings.
  • Any savings would only last for a finite period.
  • dg mutual Income Protection can help. For a monthly premium, we will pay you a weekly sum, which we will continue to pay for as long as you are unable to work due to sickness or incapacity, up to a maximum age of 65, if necessary.  Knowing that your bills are being taken care of is one less thing for you to worry about whilst you are ill.
  • dg mutual can offer up to £1,200 benefit tax free per week.
  • Benefit is payable from day 1. Alternatively, you can defer benefit to start from either week 4,8,13,26 and 52 following the onset of your illness or injury. You choose the deferment period when we set up your policy.
  • In the last nine years dg mutual has paid over 99% of all claims, with over 70% of claims being paid within a week.
  • There is an option of a tax-free lump sum at the end of the policy (Free from UK personal income tax and capital gains tax under current legislation).
  • There is an option of becoming a commuted member at the end of the policy. Although you will no longer be entitled to income protection (i.e. the sickness benefit), the investment element of your policy can remain in place. Many of our members choose to remain with the Society and either continue to contribute at a reduced rate or maintain their policy with no further contributions. As a commuted member, you would be entitled to annual interest on the amount in your capital account and to an annual bond apportionment. The interest rate is 4% and can be reviewed by our Board of Directors at any time. You may remain a commuted member of the Society for as long as you wish. When you decide to terminate your policy, you would be entitled to the lump sum in your capital account plus the terminal bonus applicable at that time.

Client Testimonials

“Omega Financial Management is a dg mutual approved broker.”

I have been with the Dentist’s and General Mutual Benefit  Society for over 20 years.  Over that time I have needed their services multiple times.  Kevin Yarnold has always been available and diligent in processing any claim as quickly as possible.
Every contact made with the Society has resulted in me receiving the upmost care and outstanding professional service.

I would have no hesitation in recommending Kevin or any member of the D&G team.

Elaine

I would like to take the opportunity to state that I am a massive fan of D&G and regularly advise colleagues to consider you. Having the security you provide has always been great relief to me over the years especially as for many of those years I was a single mum with only my income to rely on. I hurt myself earlier this year and Kevin Yarold during COVID was my point of contact and I could not praise him enough for his quick response and attention.

Thank you for always being there and helping me out this year especially.

Jacqui

I broke my left humerus and had to take the best part of 6 months off work. I was very relieved that I had the Day 1 cover in place and I was paid from the very first day I couldn’t go to work until I returned fully six months later. The claims process itself was easy and Deirdre from Omega and Kevin in dg were extremely helpful. I found I could be honest with them and they would take my word for my progress, no need for medical reports and examinations. I was very glad I had the cover in place as I was able to pay all of my bills while I couldn’t work. I would highly recommend it to any self-employed professional Vet.

Martin

-Veterinary Surgeon

Start protecting your income now

We are experts in protecting your income

Or call — 0121 452 1066

Our members are employed, self-employed or contractors

No. 4, Park Farm Barns, Chester Road, Stonebridge, Warwickshire, CV7 7TL