Income protection
Hi, I'm new to this forum and don't know whether I am in the right section. I just wanted to know how an actuary would decide on a lump sum calculation for income protection payouts. I am currently receiving income protection and am due to do so until retirement - what sort of sum would they offer based on a monthly income after tax of approx £900. I am 43 years old and due to 'retire' at 65 years.
Thanks.
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