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

Established in 1927, dg mutual is an expert private insurer

Quick Quote

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 below.

On receipt of these details, a member of staff will be in touch during working hours (Mon-Fri).

We are not a comparison site, we specialise in income protection insurance for self-employed people.

When you fill in this form your details will not be passed to a third party, our society is committed to you.

Established 1927

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

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Here for you

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

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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
The option of a tax free lump sum upon retirement
Cover to a maximum age of 65

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Contact us

Phone: 0121 452 1066
Email: info@dgmutual.co.uk

We are dg mutual

Established in 1927, dg mutual is an expert private insurer specialising in income protection insurance for the self-employed and employed. You may be concerned about how you would pay your bills and manage your finances if you are suddenly unable to work due to injury or 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.

Get A Quick Quote

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 you could benefit from an Income Protection plan from dg mutual:

Self-employed people whose income is entirely dependent on them working
People who own their home and need to protect their mortgage payments
People who have regular outgoings each month, which may include credit card payments, loans, council tax and other financial commitments.
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.

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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.

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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

“My recent claim made January 2022 went very smoothly. After a telephone call the information was sent out to me quickly. After filling in the relevant information the claim was settled. I was very happy with how the claim was dealt and how easy it was”.

Dental Hygienist

“My thoughts on the whole claim process are unreservedly positive. The whole process is dealt with in a very professional and efficient manner from beginning to end and am extremely happy with the experience.”

Dentist

“Yes generally all positive and hassle free claim that was responded and actioned promptly by yourselves, really can’t say anything negative, very much appreciated, hope that is helpful.”

Doctor
Dr Barrington

“I am very happy with the level of service from dg mutual. I appreciate that it is not possible to submit documentation online and have appreciated the swift responses to queries from DG which has been very helpful in knowing how the claim is progressing. I hope this is helpful”

Osteopath
M Mehta

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