|
Salary will continue for a year
(6 months at half pay) but will not normally continue indefinitely.
Continuation of life cover. This will continue as long as
Arthur remains on the payroll.
Mortgage and other outgoings still must
be paid. Some outgoings could increase, others reduce or disappear.
|
Income Protection Insurance (IPI) contract on Arthur's life, to replace
at least some of the lost income with a deferred period being
set as the period when his salary on sickness (from the Civil
Service) would reduce/cease 6 months and 1 year respectively.
Personal
Accident & Sickness to provide a cash sum in the event
of accident and/or an income for up to 2 years in the event of
sickness.
|
