Income Protection / ASU
Utility costs are soaring, the weekly shop is becoming more and more expensive, fuel costs continue to rise, juggling your monthly finances becomes even more demanding.
So how would you cope if you lost your monthly income through illness or injury or were made redundant?
Does your employer provide sick pay?
Do you know how much statutory sick pay you would receive from the Government?
There are now several options to ensure that you can protect against this uncertainty, ranging from short term accident/sickness/unemployment (ASU) policies to provide a monthly income if you are unable to work, to a full income protection policy providing a benefit until your proposed retirement.
This Payment Protection Insurance is optional.
There are other providers of Payment Protection Insurance and other products designed to protect you against loss of income. For impartial information about insurance, please visit the website at www.moneyadviceservice.org.uk .
The typical cost is £5.34 per £100 of monthly benefit.
This is based on someone aged 35 and with a 30 day waiting period.
At Your Mortgage Solutions Norfolk Ltd we can discuss all the various alternatives and advise you on a suitable product to meet your needs.