I am searching protection of income insurance. Would like to get a quote for £22.000 /annum income.?

Answer 1

Such "Insurance" is usually not worth the paper it's written on.

First they only cover Salaried Employees (but will take your premiums anyway), then they will only cover you if, when you started the policy you had "no reason to believe you MIGHT be made unemployed / redundant etc."

Needless to say, as soon as you try to claim they will try to suggest that the only reason why you took out the policy was because you expected to be made redundant ....

But what the heck, it's your money, do as you see fit :-)

Try Norwich Union (they will insure anything, for a price)

Answer 2

You could try on here http://www.moneysupermarket.com/asu/IncomeProtectionDefault.asp and compare policies.

As well as insuring your income you have the option to only insure enough to cover your expenses i.e. mortgages, bills etc. It depends which is most suitable to you really.

As with any insurance always read the terms and conditions carefully before signing to make sure you've got the right level of protection

Answer 3

hello, try going onto www.moneysupermarket.co.uk, click on insurance and then on income, you will be able to put you detals in once and they will give you quotes from different companies. My advice would be to read the different companies policy summary documents very carefully as a lot of them will only pay out after so many months and won't cover you if you haven't been in your job for so many months, won't cover pre-existing health conditions etc...

Answer 4

Premium depend on whether you want ASU or IP. It also depends on whether you have been employed for the last six months, your occupation and if you need cover for mortgage protection, loan protection or just income. Please note that you will be limited to a percentage of your gross income - typically 50%.

See www.portwood.co.uk/asuone.htm for further details.

Answer 5

My advice is don't. Have you ever heard of any one who gained from it?