TRIFIUM
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INCOME INSURANCE
A lack of facilities in compensation of loss of income due to occupational disability is surprisingly common among entrepreneurs: the overabundance of perks that accompany such standard contracts as are available from insurance companies tend to translate into steep premiums. This is all the more ironic given that many entrepreneurs probably could not care less about the frills: all they want is straightforward and affordable occupational disability insurance. And this is exactly where Trifium Financial Consultants can help.
The selection of the right occupational disability insurance policy provides entrepreneurs with insurance cover in the event of genuine disaster subject to substantial premium discount.
Trifium is authorised inter alia to offer an occupational disability insurance policy which has been specifically designed to accommodate professional practitioners such as solicitors and physicians, and which is also highly recommended for start-ups in these disciplines.
“I cannot remember ever not having wanted to set up shop for myself: earning my own keep, having only myself to answer to, being remunerated on a market-led basis. Although business has gone swimmingly so far, with no shortage of assignments and satisfied clients, I have always been keenly aware of the potential downsides to running one’s own business. Whenever I have to take a couple of days’ sick leave, clearly I’ll foot the bill myself. That’s fair enough, but what if I inadvertently became unfit for work for a lengthier period of time? To date I had deferred the decision to take out occupational disability insurance, for the simple reason that I considered most contracts to be overly expensive and riddled with all kinds of added extras I had no use for – until I came across Trifium’s occupational disability insurance scheme, which admittedly will only pay out in the event of serious illness, but which comes with an pleasantly competitive premium, and that’s all I had been looking for.”
An occupational disability insurance policy arranged through Trifium Financial Consultants will come with a benefit floor of 55%. It hinges on professional invalidity as the criterion, with the degree to which the policy holder is still able to carry on his or her current profession dictating the rate of invalidity. Burn-out and mental disorders as well as afflictions lacking objectifiable physical complaints are excluded. Admittance into psychiatric care is insured, however.
The above modified insurance cover frees up a substantial premium discount, making the Trifium Financial Consultants-arranged professional invalidity insurance contract one of the most economic solutions for hedging the risk of occupational disability.
Product Particulars
• Professional invalidity insurance from 55% occupational disability upwards.
• The lack of cover for burn-out enables a substantial premium discount to be achieved.
• Self-insurance term of six, 12 or 24 months.
• Age at maturity: either 60 or 65 years.
• Optional scheme*: policy holders under the age of 55 are given the option of stepping up the annual sum insured by up to 15% every three years without having to undergo medical examination. Moreover, policy holders under the age of 50 are given the option of revising their self-insurance term and/or age at maturity on expiry of a three or six year term of the date of commencement of the insurance without any medical guarantees being required.
• Single sum insured, i.e. no “A” and “B” brackets.
• Unvarying or 3% incremental sum insured.
• No income check; in the event of professional invalidity an auditors’ report will be required in corroboration of the average aggregate income for the three latest financial years prior to the professional invalidity taking effect having topped 125% of the sum insured.
• Minimum sum insured: € 40,000.00. No cap on sum insured. Essentially no medical examination for sums insured of up to € 100,000.00, or € 200,000.00 for barristers.
• Five-year contract, with the insurance company not having the option of cancelling the policy.
• Premium due date: 1 July.
* For further details, see the policy provisions.
Your Window of Opportunity
The Trifium Financial Consultants-arranged professional invalidity insurance policy offers professional practitioners first-rate protection against occupational disability where the excessive premiums which many insurance companies charge for this type of insurance tend to put off this target group.
The Trifium Financial Consultants-arranged professional invalidity insurance policy approaches professional disability insurance from a refreshingly different perspective, in that the policy, which has been stripped of all added extras, only pays out in major medical disaster scenarios. This enables the policy to be most attractively priced, at 20-40% under the premiums usually charged for this type of insurance. Please look elsewhere on this web site for a detailed premium calculation.
The Pros
• No-frills, high-discount professional invalidity insurance.
• Rapid processing of applications by dedicated team.
• Condensed application form containing declaration of good health.
• No medical examination.
• No income check.
• Direct debiting of insurance premiums.
• The Trifium Financial Consultants-arranged professional invalidity insurance policy is administered by the Avéro Achmea insurance group.
Interested?
If you are interested in the Trifium Financial Consultants-arranged invalidity insurance policy, please go to the appointments page (info@trifium.nl) on this web site or contact us on (T) +31 (0)20 6722109.
If you have any specific queries or comments on any of the above topics, please don’t hesitate to send an message to info@trifium.nl and we will promptly get back to you.
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