Ill Health Protection

Long Term ill Health

If you were out of work long term due to ill health, would your family suffer financially?

There are ways to protect yourself from having this worry

Income Protection
Also known as "Permanent Health Insurance" (PHI). This provides you with a replacement income to help maintain your standard of living should you be unable to work due to ill health. This benefit could be provided for possibly the rest of your working life should you suffer an accident or illness that prevents you from working.

The plans benefit could commence after only 1 days illness if required or alternatively, you can delay having the benfits paid until after 1 year of illness. The longer you wait the less the premiums would be. The deferred term must be elected at time of application.

We find that most people in stable employment will opt for a deferement period of 3 months.

Tradesmen that may be self employed, or those, whose employers provide no benefit, often opt for a period of 1 month. Those employed in the public sector i.e. teachers, civil servants, or health service workers and those that benfit from exeptional employee schemes, may wish to defer until 6 months or even 1 year.  

Please contact us for advice on your particular circumstances

Laurel Court Associates Ltd is authorised and regulated by the Financial Services Authority (FSA no. 231749)