This is just an additional benefit available on most
life insurance contracts today.
It generally costs about 1% to 2% of the premium which
in most cases is less than a couple of pounds.
basically all it does is ensures that the premiums to
the plan are met in the event of sickness, accident or
disability.
How it works is if you have this as a benefit in the
event you are unable to work for more than about three
to six months (differs from contract to contract) due to
sickness accident or disability and your doctor has
signed you off the life insurance company will start
paying the premiums to the plan on your behalf.
They will continue to do this either until you return to
work, you retire or your doctor says you are fit to
return to work.
Click here to
do a free no obligation quote now !
Please note this benefit does not cover for redundancy.
In addition it will only make the payments on the life
insurance contract it will not cover the payments on
your mortgage or anything else.
For cover that protects additional expenditure such as
your mortgage you should be looking at
Mortgage Payment Protection
|
|
|
|
|
