Accident, Sickness & Unemployment
A plan designed to cover your income if you suffer an accident, sickness or unemployment. It pays out a monthly benefit to help cover the loss of earnings e.g. to cover a mortgage or rent and the cost of living.
It will pay out for almost any illness or disability which prevents you from working. This is a short-term policy which pays out a benefit for a max. of 12 months. If you require a long-term policy you should think about Income Protection (which we also offer).
Unemployment cover will insure you against the event of involuntary redundancy. It will pay out a regular monthly income in the event that you are made redundant. It will continue to pay out for a maximum of 12 months or until you have found another job, whichever is the earlier.
You choose which benefits you want to include in your policy:
- Full cover - Accident, Sickness and Unemployment
- Accident and Sickness Cover, or
- Unemployment Cover only
There are other providers of Payment Protection Insurance (Short-Term Income Protection) and other products designed to protect you against loss of income. For impartial information about insurance, please visit the website at www.moneyadviceservice.org.uk
*ASU is for short term purpose only. If you require a policy which would cover you for a longer term you should consider an Income Protection Policy.
