Accident, Sickness And Unemployment
ASU is designed to provide you with financial protection in the event you are unable to continue working because:
- You have lost your job through no fault of your own;
- You become ill and are too sick to work;
- You are injured and unable to work.
You will typically receive a proportion of your income for up to 12 months which can then be used to help cover your monthly outgoings.
To be protected against an accident, sickness or unemployment, for a 35 year old with a 30 day waiting period, provides you with £764.75 per month cover for £34.58 for a 12 month period.
Actual costs will depend on individual circumstances and providers underwriting.
Source:10/04/2017 based on a 35 year old taking a policy with Paymentshield, with a monthly benefit of £764.75 over a 12 month period.
There are other providers of Payment Protection Insurance and other products designed to protect you against loss of income. For impartial information about insurance, please visit the website at www.moneyadviceservice.org.uk
You should think carefully about how you would cover your monthly mortgage payments and other outgoings if you couldn’t work.
Progress F S Ltd believes in looking after you and your family as well as your mortgage. Talk to us about whether ASU cover is right for you and, if it is we can help find the right policy to protect you.
Contact us to find out more.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
We will charge a fee of £399 for a residential mortgage & £599 for a buy to let mortgage on application. In addition we will also be paid a procuration fee from the lender.
Progress FS Ltd. t/a Progress, registered in England at 283 Church Street, Blackpool, FY1 3PG (number: 04217039). Progress FS Ltd. t/a Progress is an appointed representative of First Complete Limited (number: 05416236), which is authorised and regulated by the Financial Conduct Authority (FRN: 435779) for mortgage and non-investment insurance advice. The Financial Conduct Authority does not regulate conveyancing and surveying services, commercial mortgages, wills, trusts and some forms of Buy to Let mortgages.
We offer advice on residential and Buy to Let mortgages, Mortgage Protection and Home Insurance. *Should you have a need for advice on commercial mortgages, conveyancing and surveying services, wills, trusts and investment planning you will be referred to a third party provider. Neither Progress FS Ltd. t/a Progress nor First Complete Ltd. is responsible for any advice provided by a third party.