Accident & Sickness Insurance

What is Accident, Sickness and Unemployment insurance?

Accident, Sickness and Unemployment Insurance (often known as ASU) is a type of cover  that provides a monthly tax free payment paid directly to you to replace your income if you unexpectedly lose your job due to no fault of your own.

ASU is an insurance policy that buys you the time you need to recover from an injury or illness or find a new job should you be made redundant, without being financially penalized.

If you lose your regular income due to accident, sickness or unemployment, your policy will pay a monthly tax-free payment to cover your loss of earnings until up to 12 months, or you return to work.

Peace of Mind For You and Your Loved Ones

Mortgage repayments, monthly rent, food bills, running a car, mobile phone & broadband contracts, pet costs, electricity and gas. It all costs money. Would you be able to keep up with the costs if you were to lose your regular income?

A accident, sickness and unemployment insurance policy provides peace of mind to allow you to carry on paying your monthly expenses while providing the breathing space for you to recover before you get back to work, or find a new  job in line with your skillsets, without undue financial pressure.

The Most Important Type of Insurance

The reality is that many employers do not pay sick pay for accident and sickness; however everyone is entitled to government paid Statutory Sick Pay (SSP).

The bad news is that this totals to around £86.00 per week, which for most people does not go very far. With unemployment, if you are made redundant then you will be entitled to Job Seekers Allowance (JSA), however this is a weekly payment of £68.00. Could you survive on that?

A Safety Net You Can Rely On

Relying on government benefits means that you will probably need to fall back on your own savings, credit cards, or family and friends, which can in a short period of time be come a problem.

By having a comprehensive accident, sickness and unemployment insurance policy in place, you are covering yourself against some of the most stressful situations life can deal you and taking control of your future and finances.