Income Protection

This insurance operates on a similar basis and is very important for the Self Employed and for Employees that do not have Sick Pay provided by their Employers. For a monthly amount the insurer will again pay out a fixed monthly amount equating to no more than 66% of an individuals annual income. The distinct difference to ASU is that this type of policy only covers people who cannot work through injury or sickness and it will pay out until the individual in question reaches the age of 65 or of course returns to work, again whichever occurs first.