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..Income Protection

Income Protection. Because you never know what’s around the corner.
Protect your income from accident, sickness or loss of job.

Income Protection is designed to cover a proportion of your income in the event that you are off work through accident, sickness or involuntary unemployment.

• Protect up to 50% of your gross monthly income up to $12,500 per month

• Flexible claim excess periods allowing you to choose when your benefit payments start

• Benefit payments for up to 12 or 24 months for any one claim

Lines are open 9.00am to 6.00pm Monday to Friday.
Calls may be recorded or monitored.

What is Income Protection?

Income Protection is designed to cover a proportion of your income in the event that you’re unable to work because of accident, sickness, or involuntary unemployment. Have you ever considered what would happen if you lost your income? How would you pay your mortgage or rent and other household bills? Income Protection provides a monthly benefit so you can cover the basics and pay for the essentials, such as:

• Mortgage or rent repayments
• Car loans
• Important insurance premiums
• Credit card repayments
• Utility bills
• Food bills
• Fuel costs and more...

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. Important things you need to know

• This policy is not linked to any debt repayment facility.
• You should review and update your insurance cover periodically to ensure that it meets your on-going income requirements.
• If you stop paying premiums you will not get any money back and all cover ceases.
• The premium rate is reviewable.
• It is your responsibility to ensure that this policy is suitable to meet your needs. Therefore it is important that you review the Policy Summary carefully so that you can make an informed decision before you apply. Full terms and conditions can be found in the Policy Document.

This Income Protection Insurance is optional. There are other providers of Short-Term Income Protection and other products designed to protect you against loss of income.

The cost of your Income Protection policy depends on the cover options chosen, for example accident, sickness and involuntary unemployment cover with a 30 day claim excess and 12 month claim payment period will cost $700.46 per $1000 of monthly benefit.

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. Eligibility Criteria

You are eligible for this policy if, on the start date, you:

• are aged 18 years or over and you are under 65 years
• work at least 16 hours per week and have done so for at least the last 6 months (not including seasonal and temporary work)
• live in the US


MortgageCover+ (MC+) and Payment Protection Insurance (PPI) products are no longer available. With Income Protection insurance you can choose to cover your mortgage payments and more.

Income Protection is provided by Westminsters Mutual Group Limited which is independent of First Group Credit Union Limited at 79 Denmark Hill, London SE5 8RS.

Westminsters Mutual Group Limited is authorised and regulated by the Financial Services Authority (FSA) for insurance mediation. FSA number 304814.
CUNA Mutual Group Limited is registered in the U number 03571106. Registered office address: 3 Brindleyplace, Birmingham B1 2JB.


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. Links on this page:
Income Protection
What is Income Protection?
Important things
Eligibility Criteria


Westminsters Credit Union is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (FRN 213248)
Providing ethical financial services for over 31 years