November 07, 2011
Get a direct salary income insurance quote from FRANK.NET and protect your most valuable asset
What would you consider your most valuable asset? For many people, the answer would be their house, their car, their business or even their retirement fund or savings account.
However, at the end of the day, your most important resource is probably your regular monthly income that you receive from your employer. This facilitates your entire lifestyle from business to home.
Have you ever thought about what would happen should you lose your pay cheque due to illness, injury or retrenchment? How would you sustain your lifestyle while looking for a new job?
Finding yourself unable to work can be sudden and unexpected. However, there is a way to ensure that if this happens to you, your lifestyle won't be impacted.
An even more worrying scenario is if you're the primary breadwinner in your household as your family depends on you. Protect them by investigating the options that are most applicable to your circumstances with a free direct salary income insurance quote from FRANK today.
Call 0860 722 227 or fill in our online contact form and we'll call you.
Benefit from salary income insurance cover from FRANK.NET
If your home and possessions are insured but you haven't thought about the benefits of taking out a salary income insurance policy, then you're risking the means to support these assets should you be unable to work.
Insure your salary so that if you become disabled or you're retrenched, you'll be able to sustain your standard of living with the payments provided by FRANK.
Read on to familiarise yourself with the ins and outs of policies and claims:
FRANK will pay you up to 75% of your average monthly salary. Your payout is calculated using your previous earnings, which are based on your average monthly salary during the year before your claim.
If your monthly salary varies, if you earn a sales commission for example, then the average is calculated using the 36 months prior to the claim date. As with your usual income, the monthly payments from FRANK are taxable.
Claims regarding retrenchment are only applicable if you've been covered for more than three months, are not self-employed or employed by a family member, and had no knowledge that you were being retrenched when taking out your agreement with FRANK.
Retrenchment is factored in only when your employer has to terminate your employment due to:
Adverse business conditions
The introduction of new technology
Re organisation of the business
FRANK also requires that you provide notice if you change your occupation, begin or quit smoking and join or stop any risky hobby or sport.
We may adjust your selected payout and premiums accordingly, and we encourage clients not to risk future claims by not communicating changes in their life choice changes as they happen.
Contact FRANK for more information on 0860 722 227 or get a direct salary income insurance quote by completing the quick quote form