Accident Sickness & Unemployment. (ASU)
There are many elements in life of which we have no control over but there are ways to safeguard against them.
Accident Sickness & Unemployment Insurance is a simple way to relieve any anxiety should you find yourself unable to work for various reasons.
Redundancy is a real threat for lots of UK industries and can cause huge stress and disruption to family life.
By setting up an ASU policy, you can sleep with the relief that should the unexpected happen you have a safety net in place.
There are other elements to this insurance policy that can give you even more piece of mind as it also covers against accident and sickness.
ASU policies are designed to assist when you are not able to work for reasons outside of your control.
A sad part of life is that accidents happen and people do get sick so ASU cover ensures money is coming into the household for up to two years.
This is not to be confused with an income protection policy or critical illness policies as they are designed to be longer term policies.
Some policies have a claims exclusion period and some may take up to three months to pay once the claim has been successful and can pay out for up to two years.
If you do not have sufficient means in place to pay the essential monthly outgoings just think what this could mean.
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.moneyhelper.org.uk
Example of cost:
Typical Cost £4.84 per month, for every £100 of monthly benefit. Example based on a 30 year old customer with a net income of £1,500 per month and a 30 day excess on the policy.
Please contact CFM Financial Planning so we can advise on a policy that suits your individual needs and circumstances.
The Mortgage Payment Protection Insurance we have access to is optional. There are other providers of payment protection insurance and other products designed to protect you against loss of income. For impartial information about insurance, please visit the website at www.moneyhelper.org.uk