Dual Deferred Period Calculator

VitalityLife have announced the launch of their new tool, the Dual Deferred Period Calculator for Income Protection.

How the calculator works:  

  1. Enter your clients’ annual income
  2. Select the type of Income Protection your clients would like1
  3. Select the duration of 100% Sick Pay
  4. Choose the duration of 50% Sick Pay

Once you have entered the required information the calculator will produce an accurate Dual Deferred Period Report, outlining your client’s maximum monthly benefit.

Visit the Dual Deferred Period Calculator webpage to find out more.

 

Source:

  1. An individual will get their first payment at the end of their deferred period, which they set when they take out their plan. The deferred period will start on the first day the individual is unable to work and ends when they have been continuously incapacitated for either: 
    • 7 days (only an option if the individual is self-employed)
    • 1 month
    • 2 months
    • 3 months
    • 6 months
    • 12 months.