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ASU Cover Examples
Posted on February 5th, 2011 in Accident Sickness and Unemployment Cover, All Posts, ASU Cover, Ways to Protect Income.Although to some these examples may seem straight forward, however on a regular basis we see clients that have ASU cover but they have various elements of it set up incorrectly. Not every example will apply to all situations it depends on the policyholders attitude to risk and thoughts on their employability. 1st example of [...]
Can Self Employed People have ASU Cover?
Posted on February 5th, 2011 in Accident Sickness and Unemployment Cover, All Posts, ASU Cover, Ways to Protect Income.No doubt the self employed are one of the most needy when it comes to ASU cover. Because they are self employed they do not get any employee benefits such as sick pay or redundancy. That been said many self employed people have these policies but many will never pay out for unemployment. Some insurance [...]
ASU Cover with Unemployment
Posted on February 5th, 2011 in Accident Sickness and Unemployment Cover, All Posts, ASU Cover, Ways to Protect Income.Unemployment Cover Only with ASU Insurance In recent times due to the high unemployment figures and recession, many ASU andunemployment cover providers have stopped doing unemployment only policies. However there are still a few left and we are pleased to say that we deal with some. In the main there are 2 ways in which [...]
ASU Cover What Waiting Period?
Posted on February 5th, 2011 in Accident Sickness and Unemployment Cover, All Posts, ASU Cover, Ways to Protect Income.With ASU cover you have the option to change the deferred or waiting period. The longer the deferred period then the cheaper the monthly premium. However the deferred period is best set to match the time when your income would drop. Deferred Period Example 1 – John receives full sick pay for 3 months. However [...]
ASU Verse Income Protection
Posted on February 5th, 2011 in Accident Sickness and Unemployment Cover, All Posts, ASU Cover, Ways to Protect Income.Many people think that Income Protection Insurance and ASU cover is the same cover but under a different name. The truth is that each type of cover are totally different. In the short article we will look at some of the differences and when each one is better than the other. Who should have income [...]
Accident Sickness and Unemployment (ASU) Cover Explained
Posted on February 5th, 2011 in Accident Sickness and Unemployment Cover, All Posts, ASU Cover.This type of insurance is designed to offer short term protection against accident sickness and unemployment. You can choose at the start whether you want the policy to cover accident and sickness only, unemployment only or accident sickness and unemployment. ASU cover is only to be used as a short term policy. The number of [...]
Income Protection Deferred Periods
Posted on February 5th, 2011 in All Posts, Income Protection, Permanent Health Insurance, Ways to Protect Income.Income Protection and Permanent Health Insurance policies have what is known as a Waiting Period or Deferred Period this can be described as. “once you claim, there is a delay before payments start. You can choose how long this is, for example from 4 weeks up to 104 weeks. The longer the waiting period, the less you [...]
Income Protection Maximums
Posted on February 5th, 2011 in All Posts, Income Protection, Permanent Health Insurance, Ways to Protect Income.The maximum amount of cover allowed under an income protection insurance policy varies from insurer to insurer. However the normal limits that apply are between 60% and 70% of you annual earnings. Friends Provident base these limits on net earnings and these limits are shown below: 70% of the first £10,000 a year of your [...]
Income Protection and Permanent Health Insurance
Posted on February 5th, 2011 in All Posts, Income Protection, Permanent Health Insurance, Ways to Protect Income.Income Protection and Permanent Health Insurance is the same type of cover as each other. They are just different names for the same policy. This type of insurance is designed to cover income if the policyholder cannot work after a period of time called the deferred period. The income is paid for a set time [...]
About Me
This is the site and Blog of Damian Youell. I am a fully qualified financial adviser. I believe that many life insurance consumers are missing out on important and valued advice that can be gained from using an IFA.
I specialise in offering more complex policies such as business protection, relevant life policies etc. However I still believe that even for the simple term insurance policies consumers can benefit from financial advice.
Feel free to contact me. The site makes it quite easy to book and appointment, email or ring.
