Ill health and unemployment are worrying enough without suffering the additional stress of inadequate income.
Whether you are single, or the family breadwinner, Income Protection can be a cost effective way to help relieve the financial burden while you get your life back on track.
In a few simple steps, we can help you understand the risk and ways that we can help you protect against them.
Personal accident cover is designed to provide financial help if you have a serious accident or injury, or if you suffer a fatal accident.
With personal accident cover, you pay a monthly premium which usually remains the same during the length of the policy. You will receive a cash benefit if you have an accident or receive a serious injury during the policy term.
The cover also helps to ensure your family are provided for if you have a fatal accident.
Personal accident insurance usually gives you coverage almost anywhere in the world (T&Cs apply) and medicals aren’t normally required before you take out the cover. You may also be able to add your children to your policy – but they will most likely have a reduced level of cover. You must keep paying your premiums or you will not be covered. If you cancel your plan or stop paying your premiums, you won’t get back any payments you’ve made.
Some insurers allow you to pick different levels of cover. A higher level of cover will provide a larger cash payout in the event of accident or fatal injury.
Any UK resident aged 18-69 can take out personal accident insurance. This type of insurance is suitable if you’re employed or self-employed and want to protect your earnings, or maybe you work with machinery or at heights and want financial protection in the event of an accident.
There are usually some instances where you won’t be covered by personal accident insurance, which mean you won’t be eligible for any cash benefits. Examples include: