Accident sickness and unemployment insurance (ASU)

Also known as 'mortgage protection', 'income protection' or 'payment protection' but on this page accident, sickness, unemployment insurance. Our accident sickness unemployment policies can cater for the circumstances when you do need protection for your mortgage payments or if you do not have a mortgage and need to protect your income. 

Why you need it

• 90 families a day had their homes repossessed in 2000. The majority due to the financial problems with unemployment
• One in three people aged between 25 - 34 have experienced unemployment for a period in excess of one month
• Almost one in five working age households (3.4 million) have someone who is currently unemployed
• Every day 500 people in the UK become unemployed. 60% of unemployed men and 45% of unemployed women will be out of work for 6 months or more
• Every adult in Britain is five times more likely to suffer a serious disability than die before the age of 60
• Today in Britain, 2,900 people will start claiming State disability benefits
• 1,800,000 people in Britain are already disabled and have been unable to work for 12 months or more
• The State benefit for a single person are currently (1.3.2001) under £60 per week.
• The State Benefit for two adults and two children is £96.00 per week
• Since October 1995 new mortgage borrowers receive no state help for the first 9 months of unemployment or disability. Existing mortgage borrowers receive nothing for the first two months, 50% for the next four months and then full benefit for mortgages up to £100,000 providing they qualify for income support. The Government estimate that 70% of mortgage borrowers will not get income support due to savings, income or a working spouse or partner.
• In 1998 the introduction of new incapacity criteria resulted in 102,000 claimants being turned down for any state benefit. An independent doctor will carry out the assessment and you must be incapable of doing any work, not just your normal job, to qualify for state benefit.

How this policy can help you

• You do NOT need to have a mortgage to be insured. However it will cover your monthly mortgage payment, rent, loans, household bills etc
• Free transfer and immediate cover for existing policyholders
• Highly competitive premiums paid by monthly direct debit at no extra cost
• Each applicant can select up to £1,000 per month benefit income protection insurance and up to £1500 mortgage protection insurance
• Only a 30 day excess period
• Choose either unemployment, or disability or combined
• The self-employed, directors and proprietors of businesses are covered if their business ceases to trade
• Tax free benefits
• No loading on the basis of age, gender, occupation or smoking habits
• Wide acceptance criteria

1. Accident, sickness and unemployment insurance if you don't have a mortgage

2. Mortgage protection insurance

3. Loan payment protection insurance - special rates to cover loan repayments

4. For our home page for landlords insurance for UK buildings and contents

Full list of our unemployment insurance related pages

unemployment insurance | unemployment insurance application form | unemployment insurance asu | unemployment redundancy insurance |

You may be confused about the wide range of contracts we can offer and which one(s) would be so suitable for your demands and needs. If so please contact us on 0870 7456247 and we can give you further advice on accident sickness and unemployment insurance.