Guides & News

So this is the not so good side of insurance, when a policy does not pay out when you expect it to.

So what is Income Protection? It is pretty much what is sounds like. You take out an insurance policy, that protects your income. It typically covers between 50-75% of your gross income, if you are too ill to work.

When you have HIV the insurer is going to want to know some specific details about your condition so that they can fully assess your application.

When you have had a stroke the insurer is going to want to ask you a number of questions to establish the severity of your condition.

When you have Parkinson’s Disease the insurer is going to want to know about how the condition affects you.

Critical illness cover. What is it? Do you need it? In a nutshell this policy can provide you with a tax-free cash lump sum if you are diagnosed with a serious condition that is covered by the insurer.

Do you have Crohn’s disease? Ulcerative colitis? IBS? Diverticulitis? When you have a digestive condition, it is possible that the insurer may ask you a few questions about your health, to see if they can offer you the cover you want.

Do you get to travel abroad often? One, I’m jealous. Two, make sure that you know what this can mean for your insurance policies.