Accident, Sickness and Unemployment cover
Accident, Sickness and Unemployment cover (ASU) is a specific type of insurance policy. It offers you and your family financial protection if at any stage during its term you are unable to continue working. The usual circumstances in which the policy will pay out are if:
- You fall ill and are unable to attend your regular place of work; or
- You cannot work due to injury; or
- You lose your job – for example, such as redundancy through no fault of your own.
As a rough guide, the typical ASU policy will pay out an agreed proportion of your income for a period of up to twelve months. Unlike Mortgage Payment Protection Insurance or Payment Protection Insurances, these payments are not restricted for a specific purpose. You can use the money you receive from ASU to meet any of your monthly outgoings.
Sleep easier at night, knowing that those you love and have responsibilities towards will not have to struggle in the event of your death. Contact The Mortgage Place today for no obligation, free advice on financial protection solutions such as Accident, Sickness and Unemployment cover for you and your dependents.