Mortgage Protection Insurance

Income Protection Insurance

Loan Protection Insurance

Ant Insurance

Why choose ANT Insurance?

  • Pays up to 75% net monthly income
  • Choice of cover options
  • Back to day 1 cover
  • Age banded premiums
  • Unique online 3, 6 or 12 months benefit periods
  • Dangerous occupations and sports not excluded
  • Authorised & regulated by the FSA

Mortgage Protection Insurance

Protects your monthly mortgage
repayments

from only 55p

per £100 pm benefit

Obtain Quote More Information

Income Protection Insurance

Protect all or any of your monthly outgoings including LOANS

from only 60p

per £100 pm benefit

Obtain Quote More Information

Brand New! Public Sector Insurance

Even cheaper mortgage and income protection from just 38p per £100 pm covered

from only 38p

per £100 pm benefit

Obtain Quote More Information

This guide about Income Protection Insurance (ASU) is designed to help you decide if this is a suitable product for you. It aims to help by answering the following questions:

Ant Insurance is the trading name of FIUK.com Ltd. Authorised and regulated by the Financial Services Authority. Registered in England & Wales No. 05096433. Registered Office 12 Littleworth Road, Esher, Surrey KT10 9PD.

What is Income Protection Insurance (ASU)?

Income Protection Insurance (ASU), UK's lowest cost Income Payment Protection Insurance, provides you with a monthly income if you become unable to work through accident, sickness or unemployment giving you time to find a new job or recover from illness. With our income protection insurance no medicals are required and individual habits such as smoking do not affect your premium or your eligibility.

The monthly benefit is a proportion of your net income and varies between providers, usually to a maximum of 75% but with a benefit limit, again variable, of up to £2,000 whichever is the lesser. You may choose any proportion of that amount to be paid in monthly installments for a length of time that is determined by the benefit period you choose, usually to a maximum of 12 months for any one claim. This tax free sum is paid directly to you to spend as you wish and will allow you to continue to pay your monthly bills and provide the essentials for yourself and your family until you are able to return to work
back to top

How does Income Protection Insurance (ASU) work?

Being unable to work, and the loss of income that incurs, is likely to affect your lifestyle. Income protection insurance (ASU) is designed to replace your income and reduce the negative effect of your loss of earnings.

Under an income protection policy, you pay regular premiums to an insurance company and subject to certain conditions they agree to pay you a monthly benefit if you are unable to work because of accident, sickness and unemployment. Income Protection insurance polices may be offered as Combined Accident, Sickness, Unemployment Only income protection or Accident & Sickness Only income protection, and you may choose dependent on your own individual requirements.

Because income protection benefits are free of personal income tax, insurance providers offering income protection will generally limit your benefit to an amount less than your normal earnings, in our case up to up to 75% of your net income up to a maximum of £2000.

Income Protection Policies have variable options that might include:
Deferred Payments: When offered this allows you to choose at what point you want the benefit payments to start after you are unable to work. If you have savings or a good company scheme it may be possible to "defer" the payments for 3, 6 or even 12 months. The longer the deferment period, the cheaper the premium generally is. However in our case, payments are paid Back to Day 1 (see below) and your insurance premiums are also kept low.
Exclusion Periods (or Waiting Periods): This is the length of time, from the start date of the policy, until you are able to claim for redundancy. This is different from deferred payments as it is a once only exclusion period.
Back to Day 1: Many income payment protection policies (including ours) now offer the option of Back to Day 1 cover. This means you may make an insurance claim after 31 days of redundancy, accident or sickness and the payment will be backdated to the first day.
back to top

How do I know if I need Income Protection Insurance (ASU)?

First - calculate your savings or alternative income or additional income
Potential income sources will depend on your personal circumstances.
To find out if you might need Income Protection, ask yourself these 5 questions:

1.) What are my total monthly outgoings ?

Estimate the total expenditure of your monthly outgoings that should include items such as mortgage or rent, loan repayments, utility bills, council tax, food and petrol. If you wish you may add your insurance costs for this cover or other insurances you pay, such as household insurance buildings insurance or motor insurance.

2.) For how long could I survive on my savings ?

You need to realistically estimate your total expenditure and then deduct this from any savings you may have or any other income you may receive. Income protection insurance may be unnecessary if you decide you could survive on your savings.

3.) What are my benefits at work if I become sick or injured?

Your employer may continue to pay you an income for a limited time. Some employers will only pay Statutory Sick Pay. Others may be more generous. You should check what arrangements your employer has made before arranging income protection insurance.

4.) Will the state give me financial help?

State help will vary depending on your own individual circumstances but as a general rule, if you are eligible, the government will pay approximately £57.45 a week (over 25's). Some of these benefits are means-tested, and in most cases there are conditions that have to be met, such as your having paid sufficient National Insurance contributions.
If you have had a mortgage since October 1995 help for mortgage payments is not available for the first 9 months and then the payments will cover the interest only, for those with a mortgage prior to October 1995 there is no help for the first two months.

5.) How quickly could I find work?

The answer to this will vary greatly dependent upon your occupation and where you live.
back to top

Why would I use Income Protection Insurance (ASU)?

Giving consideration to the effect on your income and your expenses, how do you think that you would cope with the change in your circumstances if you lost your income or were too ill to work? For how long could you cope? If a shortfall is likely, you should consider taking out short term income protection insurance to protect your family and your lifestyle.
back to top

When might I not need Income Protection Insurance (ASU)?

When you have sufficient income from other income sources Income Protection Insurance (ASU) is not always required. If you are one of the lucky few who have sufficient savings to tide them through a period of unemployment, or you believe you could realistically adapt your lifestyle to take account of your reduced income, then you may consider this income protection insurance or any other income protection insurance product to be unnecessary.
Your employer may have a good sickness benefit scheme:
Income protection insurance may be unnecessary if your employer has a sufficient sickness benefit scheme.
back to top

If I do decide to buy Income Protection Insurance (ASU) what should I be looking for?

How much income do I need to protect ? Find an income protection policy that offers the maximum choice, this varies between 50% to 75% of your net income to a maximum of between £1,000-£2,000. Our income protection insurance policy allows you to cover up to the upper limit in both cases, i.e. up to 75% of your net income up to a maximum of £2000.

How long can I wait before I would need to claim?

Some income protection insurance policies provide deferred payments where you will not receive benefits for a number of months. You may consider that an interval, between when your employer stops paying you and when income from your income protection policy starts, would also be acceptable if you had savings. Our income protection insurance has a qualifying period of 30 days after which insurance payments are made to you backdated to day 1.
back to top

How long will I need to receive my monthly benefit for any one claim?

Your choice of income protection insurance will be dependent upon your individual circumstances but monthly benefit varies between 3, 6, 12 or 24 months for any one individual claim.
back to top

Should I get advice?

As a responsible income protection insurance provider, our site provides a wide range of information on our products and we issue a 'Key Facts' document to help you make comparisons between income protection insurance policies. However our offer of income protection insurance is non advisory so taking independent financial advice may be helpful.
back to top

What are the differences between income protection insurance (ASU) and loan payment protection insurance and mortgage payment protection insurance?

Covers a percentage of your income and is paid directly to you and you choose how to spend it. It can provide for any loan or mortgage repayment, household bills such as rent, credit cards, school fees, gas and electricity and removes the need for costly separate cover. It requires just one policy for your whole working life and the insurance premium will not increase according to age for the duration of the policy.
back to top

Mortgage Payment Protection Insurance (MPPI) and Loan Payment Protection (PPI):

Covers only your loan or your mortgage repayment. It rarely makes provision for your extra monthly outgoings although some mortgage protection policies will additionally cover associated mortgage costs. Generally you would require a new policy with each new mortgage or loan you obtain so pricing and acceptance could then be affected over time by your health and your age.
back to top

Ant Insurance is the trading name of FIUK.com Ltd. Authorised and regulated by the Financial Services Authority. Registered in England & Wales No. 05096433. Registered Office 12 Littleworth Road, Esher, Surrey KT10 9PD

Welcome to Ant Insurance, Income Protection Insurance, Back to Day 1 Cover, "Cheapest Standalone Protection" as recommended by Mortgage Magazine, Unemployment Only from just 60p, Accident & Sickness from just 60p, Combined ASU from just £1.15, Income protection insurance, income protection, Income protection, Salary protection, Income protection insurance,Unemployment insurance ,injury, illness, loss, insurance, cover, protection, online income protection, income mortgage protection, income protection plan, cover income protection, income, insurance, protection, unemployment, mortgage payment protection

back to top

Click below for all information about income protection insurance

Income Protection | Loan Protection | Mortgage Protection | Public Sector | FAQ's Jargon Buster | What our customers say | Why choose AntInsurance | What is Income Protection |
How to keep your premiums low | Top tips to buy safely | If you have existing PPI | Self-employed & contract worker | Joint cover

Click below to view our video guide that explains about AntInsurance and our protection policy


back to top

Internet Marketing by KnM | Mortgage Protection Insurance by Ant Insurance