Back to day one income protection basically means that you are covered in the event of a claim (subject to acceptance) back to the first day you stopped working.
For example if you stopped working on the 1st July and went back to work on the 1st September you would be entitled to payment from the 1st July.
Back to day one means going back to the day that you became unable to work. There are policies and options that allow you to negate this option so you can reduce your premium. In other words you could choose a 30 day grace period where you wouldnt receive payment.
For example if you stopped working on the 1st July and went back to work on the 31st of July you would receive no payment at all.
Back to day one cover is the ultimate income protection cover, why not get a quote today!
