Most people pay their bills out of their monthly salary.It's surprising then that some people don't have Salary Protection. If you're ever incapable of working due to injury, illness or retrenchment – and provided you're still paying your premiums correctly – FRANK.NET will pay you the amount stipulated in your policy.
There are a number of factors to take into account when applying for a Salary Protection policy from FRANK.NET:
Tax - Just like your normal salary, you'll be taxed on the monthly payments.
Payout - The monthly payouts will start three month after the last payment from your employer.
Retrenchment - FRANK.NET will pay you if you lose your permanent job as a result of your employer facing adverse business conditions, introducing new technology or restructuring the organisation. As long as our agreement with you has been active for at least six months, you're not self-employed, employed by any of your family members or were aware that you'll be retrenched before taking the cover, FRANK.NET will pay out for a maximum of six months. Voluntary retrenchment is not covered, and you cannot have declined a reasonable alternative job offer either from the employer that retrenched you or from any other potential employer. You need to actively seek employment during the claim period.
Notification - Once you have Salary Protection from FRANK.NET, alert us to any changes regarding the physical obligations of your occupation, if you start or stop smoking and start or stop risky sports or hobbies. We may have to amend your agreed payout and premiums. If you don't let us know, any future claim may be affected or even declined.
Self-inflicted harm - We want to ensure that when you claim, we pay. Strive to obtain and follow qualified medical advice when required. FRANK.NET will not be able to pay the claim if you injure yourself on purpose, or if you are injured while breaking the law or while intentionally exposing yourself to war or war-like activities.
HIV - FRANK.NET will need the results of a recent HIV (Human Immunodeficiency Virus) test, sent to us within three months of the start of the policy agreement.
Contact FRANK.NET on 0860 722 227 to get your free Salary Protection quote or to find out more about our Salary Protection product.