VitalityLife Income Protection Review
This article was last updated:
Our experts review costs, policy features, and customer feedback on VitalityLife's range of Income Protection policies.
This article was last updated:
Our experts review costs, policy features, and customer feedback on VitalityLife's range of Income Protection policies.
VitalityLife is an insurance company with a reputation for helping its customers to make positive lifestyle changes.
But how does VitalityLife Income Protection stack up when compared to the UK's best policies?
In this guide:
We have also reviewed Vitality life insurance.
VitalityLife is an insurance company that offers life insurance and health insurance products, including term life insurance, whole life insurance, private medical insurance and critical illness cover.
In 2013, VitalityLife launched the Vitality Program, a wellness program that rewards policyholders for healthy lifestyle choices. Policyholders who participate in the Vitality Program can earn points, which can be redeemed for discounts on health and fitness products and services.
VitalityLife offers a range of Income Protection policies to suit different needs and budgets. All policies offer a tax-free income if you are unable to work due to illness or injury, and cover up to 60% of your monthly income.
Policies start from as little as £6 per month, and can be tailored to suit your individual needs and circumstances. For example, you can choose the level of cover you need, the length of time you want the policy to pay out for (2 years or for the full duration of the time you're unable to work), and whether you want to include cover for critical illness.
The cost of Income Protection from VitalityLife varies depending on the age of the UK customer. For example, a 40-year-old UK customer would pay £14.06 per month, whereas a 60-year-old UK customer would pay £38.24 per month.
VitalityLife has consistently received positive feedback from its customers regarding its Income Protection policies. Customers have praised the company for its prompt and efficient claims process, as well as the level of customer service they have received. There have been a few negative reviews, but these have been in the minority. Overall, customers are satisfied with the service and cover provided by VitalityLife.
The main advantage of VitalityLife's UK Income Protection policies is that they offer a good level of financial protection in the event of an accident or illness. They also have a number of other benefits, including a generous sick pay entitlement and the ability to claim for a range of different illnesses and injuries. There are some drawbacks to these policies, however. They can be expensive, and there is always the possibility that the policyholder may never need to make a claim.
VitalityLife paid out 96.8% of all Income Protection claims in 2021. But how does this compare to other income protection providers?
"I'm so glad I got Income Protection from VitalityLife! It's such a relief to know that if something happens and I can't work, I'll still have an income coming in. It's a great peace of mind."
Life insurance can be a tax deductible business expense in certain cases. For example, if the life insurance policy is taken out on a key employee, the premiums can be deducted as a business expense. Additionally, if the life insurance policy is used as collateral for a business loan, the
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