Accident Sickness Insurance

1. Who needs Accident, Sickness & Unemployment Protection Insurance?

• Currently 90 families a day are having their homes repossessed. The majority due to the financial difficulties associated with accident, sickness & unemployment.
• One in three people aged between 25-34 have experienced unemployment for a period in excess of four weeks.



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Find the best unemployment insurance by comparing our panel of specialist ASU providers.
	British Insurance offer income, payment & mortgage protection insurance with up to 12 months benefit and a choice of excess periods
	Want to cover payments to your Mortgage, Rent, Loans, Credit Cards - or just a percentage of income? Short Term Income Protection covers them all. Redundancy only cover from £3.00, and you'll be on cover within the hour.
	I Protect Insurance offer mortgage & redundancy insurance plans from only £10 per month. Their plans are designed to pay mortgage, rent and other regular commitments.
	Help U Cover Offer a choice of plans to protect your income or your mortgage payments and your income.
	Protection UK NET, Have been arranging PPI plans to customers all over the UK for more than 30 years. They endeavour to offer excellent value in all of the insurance policies they offer.
	Columbus MPPI provde cover should you be unable to make your mortgage payments as a direct result of the insured perils such as accident, sickness & unemployment
	If you cant work or are made redundant the GET MY Mortgage Proection plan can take the strain. Their plans not only offer cover for your outgoings but also help in getting back to work
	Lexelle are proud to offer comprehensive coverage with value for money premiums and plans that are as individual as their customers




• Almost 20 percent of working age households (3.4 million) have someone who is currently unemployed.
• Today in the UK there are nearly 1,000,000 persons who are registered as unemployed
• Every day 500 people in the UK become unemployed. 60% of unemployed men and 45% of unemployed women will be out of work for six months or more.

2. How will this insurance help me?

• This insurance has been designed to overcome the consequences of accident, sickness and unemployment. It provides you with the following benefits:
• Free transfer and immediate cover for clients who switch from another insurer (see section 7).
• Highly competitive premiums payable monthly by standing order.
• Up to £2,500 per month of tax-free benefit.
• Benefits payable for 12 months after your selected excess period or 24.
• Accident, Sickness and Redundancy cover if you are employed.
• Accident, Sickness Bankruptcy and Cessation of Business cover for the self-employed.
• Accident Sickness Bankruptcy and Involuntary Liquidation cover for Controlling Directors.
• No premium loading on the basis of age, gender or geographical location.
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3. Who is eligible for cover under this insurance?

You can apply for this insurance if you:

• Are aged between 18 and 60 and are permanently resident within the UK,
• Are actively working for more than 16 hours per week and have been in continuous employment for more than six months before the insurance start date. You cannot obtain this insurance if you work in temporary or seasonal employment,
• Are in good health and know of no impending unemployment or disability, (Any company mergers or takeovers must be declared).

4. Can I have joint cover with my partner?

Yes. You can apply for cover under the following:

• On your own
• Jointly with your partner, the cover will be split. The total cover must be 100% of the unemployment benefit selected.
• Double cover. This is where both you and your partner each have 100% benefit. This doubles the monthly premium.

5. What is free cover?

As an added benefit to you, some companies give you a minimum of two months free cover. Once your policy application has been accepted, your first instalments to be paid will be drawn from your account on the first day of the third month following your application date. Free cover may be withdrawn if your occupation is considered "high risk". Your policy certificate will reflect this decision and you will be informed at the application stage. For example if you apply on the 15th of January, your first monthly payment will commence from the 1st of April.

6. What am I covered for in the free period?

You are covered for Accident and Sickness (if selected). Unemployment will not be covered until the free cover period has elapsed together with the initial exclusion period.

7. When can you make a claim under this insurance?

You can make a claim under this insurance at any time during the period of insurance providing you notify us as soon as reasonably possible. However, unless you qualify for exclusion free transfer, there is a period of time immediately following the insurance start date during which any occurrence or notification of impending unemployment will not be insured. This is known as the initial exclusion period and will depend on the monthly benefit you select as detailed below.

Transfer of benefits from another provider*	None
New Mortgage**	60 days
Existing Mortgage	90 days
Anything else	120 days

*To qualify for exclusion free transfer you must transfer your existing monthly unemployment and/or disability insurance from another provider. Furthermore you must be able to prove that your existing insurance has been in force for at least six months and that you have not made a claim under that insurance. You will need to send us a copy of your original certificate and the most up to date bank statement showing payment of the policy. Furthermore, exclusion free transfer will only apply for the amount you transfer. For example, if the original policy is for a monthly benefit of £1,000 and you request cover of £1,500, the extra £500 of cover will be subject to the exclusions for new policies as detailed in the table above. Certain occupations are excluded from transfers.
** A new mortgage is one that commences no more than 30 days from the policy commencement date.

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8. When would I receive the first benefit payment?

Subject to the provisions under section 7, you will need to be continuously unemployed or unable to work due to illness or disability for your selected deferral period before you are able to make a claim under this insurance. Thereafter payments will continue monthly in arrears until the earliest of the following events:

• The last consecutive day that you remain unemployed or disabled,
• The date you cease to provide evidence that you remain continuously unemployed or disabled,
• You have received twelve months benefit payments for a separate period of claim,
• The end date of this insurance.

9. What is a deferral period?

This is the amount of time between being off work through Accident, Sickness or Redundancy, to the start of a claim. A 30-day deferral period means the claim starts to accrue 30 days after the insurable incident occurs.

10. What is the maximum cover I can have?

The amount of cover you select is known as the monthly benefit. The maximum monthly benefit available per applicant under this insurance is £2,500 of mortgage payment protection cover up to a combined total of £2,500 or 60% of gross monthly income*, whichever is the lower, if extra income protection is required. The maximum total cover granted will be £2,500 including policies with other providers.
*Gross monthly income means monthly salary plus the average of any overtime, commission and/or bonus payments received in the 12 months prior to the insurance start date.

11. If I claim do I still continue to pay my premiums?

Yes, it is very important that you continue to pay all premiums when they are due. We refund your monthly premium when we pay your claim. If you select a monthly benefit of £300 per month and the premium you pay is £14.25, on a claim we would pay you a monthly benefits total of £314.25.

12. What is the cost of cover?

The cost of cover is expressed as a rate per £100 of monthly benefit and includes unemployment insurance premium tax.

13. What do you mean by a High Risk Occupation?

We consider certain types of employers to be "High Risk". These are Companies whose line of business is in certain areas.
These currently are:
Banking, IT, Telecommunications, Media, Airlines Airports and Travel, Recruitment and certain elements of Financial Services We do not consider the occupation to be high risk, only the employer's line of business. If you are an IT professional working for a non IT based company, ie a clothes manufacturer, we would consider you at standard rates.

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14. What is meant by separate period of claim?

Monthly Benefit ceases once 12 months benefit has been paid. For Unemployment claims and Disability claims, where the same Accident or Sickness has recurred, once the maximum 12 (twelve) payments of Monthly Benefit have been made, you will qualify for subsequent claims following a period of 6 (six) months' Continuous Employment. For Disability claims where a different Accident or Sickness occurs, once the maximum 12 (twelve) payments of Monthly Benefit have been made, you will qualify for subsequent claims following a period of 1 (one) month's Continuous Employment. Two claim periods separated by three months or less will be treated as one continuous claim. Where a claim changes from a Disability claim to an Unemployment claim, or vice versa, claim payments will continue without interruption, subject only to approval of the second claim and the maximum of 12 (twelve) payments of Monthly Unemployment Benefit in total over both claims.

15. How do I make a claim?

If you need to make a claim, it is very important that you contact us sooner, rather than later. Once contacted (addresses below), we will forward you all forms needed to be completed by you and your employer. Only once all forms are returned, fully completed can we action your claim.

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We have found that the above policies provide excellent value and meet the needs of the majority of our clients. However if you require a monthly benefit in excess of £2500 per month, the above policies do not fully meet your requirements or you merely require advice, then please complete our secure enquiry form below.