Income Protection

Why buy Income Protection Insurance?

If you were to become disabled, either temporarily or permanently, your ability to conduct your role within the hospitality industry would be affected. You may not be capable of completing duties that are crucial to the role and as such may have to take a leave of absence or leave the profession altogether.

What plans are available?

Temporary Total Disability insurance (TTD) is a plan that allows those insured, who become temporarily disabled due to illness or injury, to continue to have an income.

Key benefits:

• No medical underwriting or medical tests required.
• A monthly benefit of up to 60% of your gross annual salary or USD20,000 on a tax free basis.
• Benefits up to 10 years.
• Choice of waiting period based on your coverage needs.
• No exclusions for war and terrorism.

Permanent Total Disability (PTD) provides a lump sum payout in the event that the insured is never able to return to their role in the hospitality industry, due to injury or illness.

Key benefits:

• No medical underwriting or medical tests required.
• A lump sum payment of 5 x your gross annual salary or a maximum of USD 750,000.
• Choice of waiting period based on your coverage needs.
• No exclusions for war and terrorism.

Please view our Income Protection Brochure for more information.

How to apply

Email us at iahgm@clements.com to request an application form, and you will be contacted by one of our Advisors within 48 hours.