What Is Accident & Sickness Insurance?
Accident and Sickness Insurance, also known as Income Protection Insurance, is a type of insurance policy that provides a regular income to the policyholder if they are unable to work due to an accident or illness. This type of insurance is popular in the UK and can provide peace of mind for those who rely on their income to pay bills, mortgage payments, and other expenses.
Accident and Sickness Insurance typically provides coverage for a wide range of illnesses and injuries that prevent the policyholder from working, including back pain, stress, cancer, heart disease, and more. The policy may also cover partial disabilities or temporary disabilities that prevent the policyholder from working in their current job but allow them to work in a different job or capacity.
The policyholder typically selects a waiting period, also known as a deferred period, which is the period of time they must be unable to work before the policy begins to pay out. The waiting period can range from a few weeks to several months, and the longer the waiting period, the lower the premiums.
The policyholder also selects a benefit period, which is the length of time the policy will pay out if the policyholder remains unable to work. The benefit period can range from a few years to the policyholder’s retirement age, depending on the policy terms and the policyholder’s needs.
Accident and Sickness Insurance can provide valuable financial protection for those who are unable to work due to illness or injury. However, it is important to carefully consider the policy terms, premiums, and exclusions before purchasing a policy.
Compare Accident Sickness Insurance
What Does Accident & Sickness Insurance Cover?
Why Do I Need It?
or work machinery should look at some kind of comprehensive sickness
Accident and sickness insurance can be beneficial for individuals who rely on their income to pay for living expenses and support themselves or their families. Here are some reasons why you may need accident and sickness insurance:
How long should my policy pay out for?
When getting a quote for sickness insurance you can define the length of time you would want the policy to pay out for. The minimum term of payout is 12 months, then 24 months. Many people will quote for a full term of the policy. This means the payout will carry on until the end of the term of the policy. For example a policy that runs until you are 65, will keep paying a monthly income until you are 65. Makes sense hey!
How to make a claim on accident and sickness insurance
To make a claim on your Accident and Sickness Insurance, follow these general steps:
How About Self Employed Sickness Insurance
Self-employed sickness insurance, also known as Self-Employed Income Protection Insurance or Self-Employed Accident and Sickness Insurance, is a type of insurance that provides income protection to self-employed individuals who are unable to work due to illness or injury.
The coverage and benefits of self-employed sickness insurance vary depending on the insurance provider and policy terms, but generally, it covers the following:
Our Customers Love Us!
What people are saying about us.
Excellent service with easy to
Jody was very helpful in explaining the options and I thoroughly recommend his company
We received a wonderful service
We received a wonderful service from mykeyman and will be using them again. The service and product knowledge from team is excellent. Everything was made easy to understand. The price was the best we found too.
First Class Service
The standard of service was first class. They kept me up to date with progress on my Relevant Life Policy, followed up promptly following delays caused by my medical practice being slow in compiling reports, and responded instantly and clearly to any questions I had.