If you are ill or injured for three or more weeks and cannot work, IPSE will compensate you for loss of earnings.
What is it?
It’s important to have life assurance in place to help your family and dependents financially should the worst happen. All IPSE members have access to this benefit, however IPSE Director members receive £5,000 life assurance included in their membership. Once activated you can choose to increase this up to £250,000 at a discounted rate.
This serves as not only your life assurance but also as your death-in-service benefit.
By being included in a group rate, IPSE members can benefit from life assurance at a heavily discounted rate compared to the retail market through Legal & General.
How does it work?
Members can activate and manage their Life Assurance benefit through their member dashboard.
If you choose to activate this benefit, you will be asked to fill out an Expression of Wishes form where you can indicate how you would like the benefit sum to be distributed in the event of a claim. You will also be required to fill out a Health Declaration form to submit to Legal and General in order for them to provide the cover.
Join a community that supports you on your self-employed journey
From starting up your business to winding it down, IPSE's range of member benefits provide expert guidance, vital protection, and real connections, so that you're never in doubt.
While you focus on what you do best, we'll take care of the rest.Become a member
Also check out
The Business Hub is a resource for self-employed businesses created and maintained by qualified solicitors and business advice experts, including legal templates and extensive guides available 24/7.
Now you can enjoy over 400 workspaces, and a great discount on all meeting rooms, all included with your IPSE membership.
With an IPSE Community membership, you'll gain access to vital benefits that help you simplify self-employment and grow your network.Find out more
IPSE Umbrella members have access to vital protections to help them minimise risk and protect their income whilst working via an umbrella company.Find out more
IPSE Freelancer membership is the ultimate toolkit for freelancers to minimise risk, protect their income, and access expert resources.Find out more
IPSE's full suite of benefits for limited company directors, featuring vital protection and access to expert resources.Find out more