ASU

Quite often you hear ‘it could never happen to me’ or ‘I’ll sort it out later’. Well the old maxim of “failing to plan is planning to fail” is no better suited to the ignoring of crucial decisions on protection.

Accident Sickness and Unemployment insurance is the only policy that covers you against losing your income through redundancy.

In the current climate of job uncertainty, knowing that you'll be able to keep up to date with your bills in the event of redundancy is one less thing to worry about, and having that peace of mind knowing that your family’s welfare and lifestyle can be maintained if you become unemployed due to job cuts, or simply through ill-health can be a weight off one's mind.

So what does ASU insurance provide me?

ASU insurance is a time-limited insurance product that provides short term assistance in paying your debts, in the event that you are temporarily unable to work.

ASU cover usually starts a month after you stop work, and pays out for a limited period of 12 or 24 months, depending on the policy. As independent advisers we take a whole of market approach, and look at all available ASU policies to find the cover that’s right for you.

When considering ASU insurance, reading the small print is essential, as there are important differences between the various policies available. It is particularly important to check which health conditions are covered by each policy, and if you have had a particular health issue in the past, to make sure that is included, or, more importantly, that it is not excluded for you.

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.moneymadeclear.org.uk.

For Accident, Sickness and Unemployment insurance, based on a 30 year old male, a typical cost per £100 of cover would be £4.03 per month.  This is based a 30 day deferred period.

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