Classic Share Scheme

dg mutual re-launches starter IP product dg mutual has brought back a low-cost starter product to encourage more people to take up Income Protection insurance, hailing it as one of the simplest products on the market. 2.2 million people of working age will be off work for at least six months at any one time through sickness and disability, yet approximately 70% of people have no personal provision to cover an unexpected drop in income. dg mutual is hoping to tap into this market with the launch of its low cost, ‘Classic Double Share Scheme’ product which offers three levels of cover and protects up to 66% of a person’s income if they’re unable to work. dg mutual is a Friendly Society, owned entirely by its members and all profits are shared as a tax-free* cash lump sum upon retirement, regardless of how many claims members make. With the ‘Classic Double Share Scheme’ product, members have the option to pay higher premiums for a larger cash lump sum at the end of the policy. Chief Executive, David Thompson adds; “It’s staggering to think that so many people insure their pets against illness yet they do not have the same urgency with their own health. Average savings in the UK would last just two months so taking out Income Protection really does make sense.” David adds; “Not only do our members receive peace of mind and support if the worst happens, they’re also building a nest egg for retirement as they’ll receive a tax-free* lump sum when the policy finishes. To find out more about the Classic Double Share Scheme, please call dg mutual on 0121 452 1066.