Income Protection Insurance
The D&G is based in Birmingham and has specialised solely in Income Protection Insurance for a wide range of professions since 1927. It is therefore able to demonstrate a high level of expertise.
The D&G is a mutual Friendly Society which is owned entirely by its members. The profits made are shared between members as a tax-free* cash lump sum at the end of each policy or on earlier death.
About Income Protection
We provide income protection insurance to self-employed & professional business people throughout the UK. We can tailor your benefit to suit your individual needs using a range of options. You choose the level of income you require between £60 and £1200 per week and based on your age, gender and the level of cover selected you pay a monthly fee for peace of mind.
Because we are a mutual society our rates are low, our service is unmatched and you get a lump sum bonus on retirement.
Income Protection Insurance - Key Points
* free from UK personal income tax and capital gains tax under current legislation
In detail
Even if you receive some income from an employer when you’re ill there’s an option for you. If you don’t have that benefit (perhaps you’re self employed) there’s an option for you also. Here’s the full range available to you.
1. The Day One Constant Bond - benefit is paid from the first day of illness or injury at a constant level until recovery, retirement or death.
2. The Day One Escalating Bond - again benefit is paid at a constant level as above. However, after 52 weeks the benefit will rise by 3% and will continue to increase at that rate for every year the claim is valid.
3. The Deferred Constant Bond - benefit is paid after a deferred period until recovery, retirement or death. Choose from 4, 13, 26 or 52 weeks for your plan to commence.
4. The Deferred Escalating Bond - benefit is paid from your chosen deferred period (see 3 above) with the added comfort of escalation (see 2 above).
5. The Day One Reducing Bond - benefit is paid from the first day of illness or injury but reduces after 26 weeks to 50% of the original amount. It’s an ideal benefit if you have reducing commitments or if you have some other deferred benefit already in place.
6. Double Bonds - benefit levels are unchanged but an additional subscription increases your share of the surplus.
The subscription rates for each option are enclosed with this brochure.
Definition of incapacity
You will be able to claim sickness benefit if you are totally unable to perform all the essential duties of your own occupation and of any other occupation to which you are suited by training, education or experience, and are not following any other occupation for profit or reward.
Who can join and how
All but the highest risk occupations are covered and by taking this stance we are able to maintain our subscription rates at very competitive levels.
You can find out if you are eligible for membership by contacting us by telephone, fax and e-mail or by visiting our website.
You can apply to join between the age of 16 and 50 and choose which retirement age suits you best – 55 or 60.
You should have received an application form with this brochure but you can request a form directly from our office (0121-452-1066) or via the website. You can also download this form and others from the same site.
How to claim
Being able to claim benefit when they are ill is why our members join. So it’s not treating them fairly if we make claiming difficult.
When you join you will receive a set of claim forms so that when you are ill you don’t have to wait for us to send you one. Again, you can download or request a form via our website.
The claim form contains two sections, one for you to complete and one for your GP. Payment of any fee to your GP for completion of the form is the responsibility of the member and any cost incurred for the provision of any additional medical reports would normally be borne by us. During any claim you may be requested to complete additional progress forms and attend for examination by a medical practitioner.
Contact
You can find more detail on our website (www.dengen.co.uk) or you can contact our staff at our Birmingham office. There’s no call centre and your questions will be answered by someone who will be involved with your application.
The Dentists’ & General Mutual Benefit Society Limited
St James Court
20 Calthorpe Road
Edgbaston
Birmingham
B15 1RP
t: 0121 452 1066
f: 0121 452 1077
e: mail@dengen.uk
w: www.dengen.co.uk
Incorporated in 1999 under the Friendly Societies Act 1992
Member of the Association of Friendly Societies
Regulation
The Dentists’ & General is authorised and regulated by the Financial Services Authority and is registered with that body under firm reference number 139535.