A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Morgage Protection Insurance Jargon Buster
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WAITING PERIOD
This is the period immediately after the Incident date (the date your doctor confirms you as incapacitated, or the day you become unemployed) that you have to wait until any payment is made. As we operate a Back to Day 1 policy this "waiting period" would be 31 days. If you are unable to work at the end of this period, and your claim is agreed, you will be eligible to claim for monthly benefits that would be backdated to the first day of the incident.
WELCOME PACK
Within the Welcome Pack, that should arrive within 5/8 days following application you will receive:
- Confirmation of the Direct Debit and date of first payment (see Direct Debit)
- Policy Schedule
- Key Facts Policy Summary
- Policy Terms and Conditions
WORKING OUTSIDE THE UK
If you are working outside the UK, you will not receive any monthly benefit for unemployment, incapacity or Return to Work (see Return to work) unless you are:
- Working for the British Armed Forces or as a civil servant in a British Embassy or consulate; or
- Working for an employer that is a UK registered company who assigns you to work in the European Union on the same terms and conditions; or
- Working on a specific project for less than 30 days outside the UK and were actually outside the UK for less than 30 days.