[firefly123]

who has this going to ditch mine heard lots of horror stories about firms not paying out

[Mike #1]

I do mate i am with umun . Sounds weird i know but got the cover through Lifesearch an award winning Life insurance broker it will pay out 75% of wage until i am 65 yrs old if nessacary . Mike

[Ronnie Bryce]

I do mate i am with umun . Sounds weird i know but got the cover through Lifesearch an award winning Life insurance broker it will pay out 75% of wage until i am 65 yrs old if nessacary . Mike

Sounds too good to be true E&M. Have you read and fully understood all the huge amount of small print? Who awarded Lifesearch this award? I would be very cautious, remember the smallprint, this is where you will come unstuck when or if ever the sh it hit's the fan mate.

[EandM]

Generally you have to die first, then spend time in Hospital, then complete the form that states you were ill for three consecutive days before you died and signed by you after you died 

[Mike #1]

Its not a con mate and i dont have to die to get a payout thats why it is called income protection

It provides a tax free income in the event you are unable to work and paysout until you recover or if needs be up until retirement .  have a look at www.lifesearch.co.uk     . Mike

[Londoner]

Thats my take on these things from what I have read about them.

[Mike #1]

I do see what you are getting at lads but if like me you have come very close to been in wheelchair for the rest of my life due to breaking my back income protection is important ,

If i go out today and end up breaking by leg for instance then i am not able to work so i would be entitled to a payout .

It pays out if i am not able to work while recovering from a serious accident for instance if i did seriously injure my back and i ended up in wheelchair for the rest of my life , I would not want sit at home for the rest of my life.

I would do what i could to work to pay my bills and support my wife . Mike 

[Mike #1]

Take a look at www.unum.co.uk       > MIKE

[Mike #1]

Had mine over a year now that statement did puzzle  me a bit . But i am not affected as i took the policy out before this change. Mike

[EandM]

Its not a con mate and i dont have to die to get a payout thats why it is called income protection

It provides a tax free income in the event you are unable to work and paysout until you recover or if needs be up until retirement .  have a look at www.lifesearch.co.uk     . Mike

I was actually being facetious but no offence intended.
I fell over a stile in October and had over a month off work due to being on crutches so I would never ridicule the principle of income protection.
What I was trying to do was to illustrate the lack of parity between the promises made and the likelihood of actual payout.
I had a CICA policy many years back which covered accident and illness and on the only occasion I needed to claim I was unable to do so as I needed an appointment and letter from my GP within a  time frame that was impossible due to being not well enough to get the GP in the first place!
There were / are so many mitigating factors that are not covered / ignored or ambiguous that makes me question the validity of the policy.
It also doesn't help that I have serious trust issues with insurance companies and in some cases I don't consider them to be much different from organized crime.

[Small but perfectley formed]

Try Exeter freindly you need a job specific plan ie that says if you cannot clean window you will get the agreed monthly payout

[steve rix]

Try the wiltshire friendly society

[tompoole]

I have cover that pays up after 30days of inability to work
For any reason from redundancy to illness, it's with legal
And general and is a 5 star rated policy, it pays for a year only
Costs £35 per month you need to be signed off by a dr and
If redundant need to be actively looking for work, and will need
Job  centre to sign to say so every month ,It only pays
£700 PCM but has payed up when made redundant , and yes
It. Overs self employed.
This is about average for any good policy ,

[tompoole]

Please note most policy's state you have to be signed off
Or actively looking for work by dhss , their policy is that you
Only get 12 weeks to find a job in your current level or field,
Then you must take any job offered, so be warned! The redundancy
Cover is effectively only 2 months

[Mike #1]

No bother EandM  i was just trying to point out that i have a good policy but i agree some companys such as CICA  are to be treated carefully to ensure you will be able to claim when needed . Mike

[EandM]

No bother EandM  i was just trying to point out that i have a good policy but i agree some companys such as CICA  are to be treated carefully to ensure you will be able to claim when needed . Mike

No worries Mike.

I remember a stipulation with mine that to claim on the illness cover you had to be unable to work for seven days and have this verified by a GP. If I couldn't work for seven days that would be the longest I'd been ill in my life.
Sure there are some good ones out there as the comments bear out - caution required and always read the small print.
Martin

[birdymiller]

I am with exeter pay £40 a month for £900 a month that kicks in 4 weeks after i cant work. After 1  year they take into account ssp or what ever the state gives you when you are unable to work as they keep changing the name. This would cover my mortgage and a few bills. Cover pays til 65

[Mike #1]

I pay £22:00 a month and will get £1000 a month .

The policy rises with inflation in order to keep payments inline with inflation . Mike