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Whilst suffering an illness or disability which is serious enough to stop you working is bad enough in itself, the effects it can put upon your finances can be devastating.
If you have to be off work for a long duration of time then continuing to pay your ongoing financial obligations can prove to be very difficult and you run the risk of loosing many things you have been working so hard to achieve such as your home, car etc.
With diabetics income insurance you can feel secure in the knowledge that should you no longer be able to work due to an illness or disability then with your insurance policy, you will start to receive a tax free monthly income.
This monthly payment will continue until you are fit enough to return to work (currently up to a maximum of 10 years) or until you retire and can help with continuing to pay your mortgage, personal loans etc
Most employers will pay their staff sick pay for up to a maximum of 4 weeks and if you don’t have a diabetics income protection insurance policy in place you will then have to rely on state benefits to cover your income.
These benefits are generally much lower than an average income and you could find yourself severely struggling to continue fulfilling your payment obligations.
Whilst Diabetics income insurance will cover you against illness or disability it will not cover you against redundancy or involuntary unemployment.
To cover yourself form redundancy / unemployment you will require diabetics accident, sickness & unemployment insurance or ASU cover for short.
Just fill out our short online quotation form by clicking the button below and one of our friendly, fully qualified advisors will search the market for you and be happy to offer any authorised advice & answer any questions you may have.
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