Unemployment Accident Sickness
HOW COULD YOU COPE IF YOU COULDN'T WORK?
Unemployment , accident and sickness are real threats and can affect any one of us at any time.
It is important to ask yourself:
'How would I cope if lost my income due to unemployment, accident or sickness?'
ARE YOU AT RISK?
Unfortunately, yes - the following statistics speak for themselves:
You are 10 times more likely to be off work through serious illness than to die before the age of 65 (source: M&G Re statistics). It is estimated that only 30% of people with mortgages would qualify for Income Support.
WOULD THE STATE HELP?
Unfortunately, even if you did qualify for State Benefits, the amount would probably only represent a small percentage of your normal income.
YOUR MONTHLY OUTGOINGS
Consider the monthly outgoings you have and need to maintain:
- Mortgage
- Loans/credit cards
- Regular household bills
- Food
- Running a car
- Children's clothing
The above are just examples - would you be able to pay for these if you lost your income?
INCOME PROTECTION - AN IDEAL SOLUTION
You can receive a monthly income should you become unemployed or be unable to work due to accident or sickness.
The payments from BIBA's Unemployment Accident and Sickness Insurance can be paid for up to 2 years. This will help you to maintain your lifestyle and assist in getting you back on your feet.
All you need to know about Unemployment, Accident and Sickness Insurance
OUR INTENTION
• To provide a regular income in the event of you being unable to work due to unemployment, accident or sickness.
• To enable you to select the cover under the policy to suit your circumstances.
YOUR COMMITMENT
• To pay the regular monthly premium by Direct Debit. Our premium rates are reviewed regularly and therefore may be altered from time to time.
• To notify your BIBA Insurance Broker of any changes in your circumstances, e.g. change of profession.
SCOPE OF COVER
• Cover will cease immediately if you stop paying the regular premium.
• No benefit will be paid for the chosen Exclusion Period.
• Benefit will cease on expiry of the chosen Benefit Period or your return to work, which ever is earlier.
No benefit will be payable in respect of Unemployment Cover (if chosen) if unemployment occurs within 90 days of the application being accepted. This also applies to subsequent increases in Unemployment Cover.
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