Pension Contribution Insurance
How does Pension Contribution Insurance work?
If illness or injury prevent you from working for more than 26 weeks, we will
pay your pension contributions directly into your Standard Life pension plan.
What does it cover?
- Your payments
- your employer's payments, or
- both your own and your employer's payments.
This insurance is used to make payments to your pension plan when you are unable to work due to illness or injury, it has no cash-in value.
You should review it regularly to keep the amount of cover in line with the amount you pay towards your pension plan.
When you are first unable to work there will be a 26 week period during which time we won't pay your pension contributions. This is known as the deferred period. You must continue to make payments to the plan during this time.
No-one knows what the future holds. Providing a safety-net for your payments doesn't cost a lot. By protecting
your payments you are protecting your future.
For more information you can read our
PCI Key Features (pdf).
What to do next
If you'd like to find out more about the benefits of PCI or you'd like to have
a personal quotation sent out, please call Standard Life Client Management (SLCM) on
0845 272 8810 (call charges may vary). Calls may be recorded/monitored to help improve customer service.
Standard Life Client Management advises on, and sells products from, subsidiaries of Standard Life plc and some external providers.
