How It Works
Disability and redudancy insurance or
Accident, Sickness and Unemployment Insurance is an
income protection policy that is designed to give you
peace of mind that should you be unable to continue
providing for yourself or others due to redundancy or
disability, you won't be left in complete financial
disarray.
Unlike mortgage payment protection policies, this type
of income protection is not designed to specifically
pay off your mortgage or other loans, nor will it pay
for private medical treatment or special needs that
arise through disability. What it will do is provide
you with a regular income if you become unable to work
as a result of accident, sickness or disability.
Unlike payment protection policies, the amount of benefit
that is paid out it is not linked to your mortgage or
other loan payments, but your overall level of income.
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Disability
Insurance Guide
