A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Income Protection Insurance Jargon Buster
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JOBSEEKERS ALLOWANCE - and its affect if you claim
Any impact on Job Seeker’s allowance depends on your individual
circumstances. As a guide:
- Job Seeker’s Allowance (contribution based): This is available for 6 months provided the applicant has made NI contributions for the past two years and is actively seeking work. It is not means tested.
- Job Seeker’s Allowance (income based): This is means-tested - and affected by your financial position (E.g. any savings, partner’s salary).
Current JSA allowance: £57-45 (25 and over), £45-50 (18-24)
JOINT COVER FOR INCOME PROTECTION INSURANCE POLICIES
We do not provide joint cover as premiums are calculated according
to an individual’s income, age and cover selection.
Each of you can cover up to 75% of your net monthly income up to a maximum
of £2,000.
Our unique choice of 3, 6 or 12 months benefit periods and different
cover options provide flexibility for each of you to choose the cover
you need. For example one of you could select ASU with 12 months maximum
benefit period, while the other could select Unemployment only with
3 months maximum benefit period.
- Each of you will need to complete an individual Application Form and Direct Debit
- Each of you are insured in your own right and assigned individual policies
- Premiums are paid separately by Direct Debit.