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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
