Accident,sickness And Unemployment Insurance-protection Plans Uk

Accident,Sickness and Unemployment Insurance-Protection Plans UK

Accident, Sickness and Unemployment Insurance (ASU) will make sure you have a monthly income if you are not capable to work if you are off work for any particular reason - for example, are made redundant or have an accident.

This cover can also be known as Mortgage Payment Protection Insurance (MPPI), as the monthly payments tend to cover mortgage repayments too, However, benefits are only paid for 1 or two years as most claimants are able to find work again after this time.

You are, in fact able to claim state benefits if you become jobless, but they don't amount to much. Also, if you are unable to work through accident or sickness, to claim state benefits you may be asked to complete some Work Capability assessments to check that you are fit to work.

There are several different combinations of policies - you can acquire Accident and Sickness only, unemployment only or have all three combined. There will be a waiting period with ASU, which is the time you have to wait before receiving your benefit. You can choose to wait either 30, 60 or 90 days, but of course, this will affect the level of your monthly premium.

Premiums forunemployment insuranceare generally not that high (with some policies you pay less than 10 per month), although it is best to discuss your options with a trusted insurance agent, and to look around for the best deals. As you may have realized, there are a lot of different options available to customers, and you need to make sure your policy is tailored to your own particular requirements.

If you are between 18 and 60 years of age, and you are a UK resident, then you are able to apply for income insurance but you must be in regular employment for at least 16 hours per week.If you should become unable to work, then you will be paid a tax-free sum monthly, usually for either a 12 or 24 month period, depending on the policy you have chosen.For Full Information Visit to -http://cheapest-mortgage-payment-protection.co.uk

by: FreeFinAdvice

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