Income protection

Protection for you if you fall ill.

If you become seriously ill, FuturePlanner may give you access to an employer funded group income protection policy arranged by Leonardo.  If the insurer accepts a claim under that policy, it may provide an income of 50% of your salary for up to two years while you are unable to work.

If, after that period, you are still too ill to return to your substantive role and your employment ends for medical reasons, Leonardo may, at its discretion and subject to the insurer's decision and the terms of the policy in force at that time, use any insurance proceeds it receives to provide you with a lump sum payment.  Any such lump sum would be in addition to whatever benefits are payable from your FuturePlanner Retirement Account.  The availability and amount of any lump sum are not guaranteed and will depend on your circumstances and the terms of the insurance policy at the time of any claim.  Income protection insurance is separate from your FuturePlanner Retirement Account.

You can get more information on the Income Protection insurance here.

Please note that the income protection cover is provided under a policy taken out by the Company, which reserves the right to change or withdraw it if, in its opinion, future conditions deem that is necessary.