What other types are there?
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You can also choose -
Income Protection - Health insurance is important if you
are unable to work through accident, illness or injury - Income
Protection cover will give you an income for as long as necessary.
This is especially important if you are the main earner. You
can use the money to pay bills, your mortgage payments or
for anything else you want - just as you can with your own
salary. If you just want enough to cover your mortgage payments
then Accident, Sickness & Unemployment Cover may be better
for you. If you can't ever return to work, Income Protection
goes on paying you until the age you would have retired anyway.
This insurance is sometimes called Permanent Health Insurance
(PHI) because it is a form of health insurance. It can pay
you a regular monthly income if you are unable to work due
to accident or sickness. It does NOT provide protection against
unemployment (accident, sickness and unemployment -ASU- cover
may be more appropriate if you want unemployment cover). SmartMole
can provide both these types of cover.
Accident,
sickness & unemployment cover provides a monthly payment
if you have an accident, become sick or are made unemployed.
It is designed to help you get back on your feet after a set
back, with benefit payable for typically up to a year.
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