Pure Income Protection Insurance for the Self Employed

• Benefit payable from day 1 or 4, 13, 26 and 52 weeks of illness or injury
• Retirement ages of 55 or 60
• 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
• Tax free lump sum at end of policy
  (Free from UK personal income tax and capital gains tax under current legislation)
• Double Bond option – benefit levels are unchanged but additional subscriptions will double the amount of bonus apportionment awarded annually.

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 chose 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.