With accident, sickness & unemployment insurance policies, you pay for an amount of monthly cover - usually between £0 and £1,500 - and if you lose your job or can't work, you get that amount of money each month to spend how you like. Policies usually pay out for up to a year or until you return to work, whichever happens first. It also usually pays a cash lump sum if you die or become disabled during the term of the policy. It is a type of insurance that is commonly used for mortgage payment protection and will provide you with an income to meet your outgoings if you are off work sick, have an accident or are made redundant. It pays out a monthly benefit to cover your mortgage and other related costs.
Basic Description
Who can apply for an accident, sickness & unemployment policy
When can I claim on an accident, sickness & unemployment policy
Accident, Sickness & Unemployment Insurance
Help Line 0845-108-0505
CharltonOnLine.com
Anyone can apply for an accident sickness & unemployment policy so long as you are over 18 and under 60 and you normally reside in the UK, Channel Islands or the Isle of Man. You must also be in employment for at least 16 hours per week and have been so for the last 6 months.
You can start claiming your income protection typically after just 60 days of being off work through illness or an accident as certified by your doctor. You can select to cover typically any amount up to £1,500. You can claim your daily income protection from just 60 days after you cannot work through sickness or an accident (or unemployment, if chosen) and continue to claim for up to a full year. As with other forms of personal protection insurances (e.g. life insurance, health insurance) premiums will gradually rise as you get older.
Life Insurance Basic Principles
Term Insurance
Accident Sickness & Unemployment (ASU)
Critical Illness
Insurance
Insurance
Use of Trusts
None of the information on this website is intended to promote any specific mortgage product or provide mortgage advice.
CharltonOnLine.com is a trading name of Charlton Marketing and Development Ltd.
CharltonOnLine.com is a trading name of Charlton Marketing and Development Ltd.
Your home may be re-possessed if you do not keep up repayments on your mortgage.
Permanent Health Insurance (PHI)
Warning note
If you expect that you might become redundant in the near future, it is unlikely that you would be able to obtain an unemployment Insurance policy.
Charlton HomeBuy
Service
Email: charltonltd@charltonfs.com