Lifestyle Protection Insurance from i:protect is being re-launched for 2012 to significantly extend the appeal of this product to both home owners and renters. In fact it should be considered by anyone in work who would find themselves in financial difficulty if they lost their job. It is a personal financial lifeline that is of far greater importance just now during troubled times for the UK economy. There are also an increasing number of middle income homes looking at this type of cover for an economical way to stretch out their savings should the worst happen and their main salary earner not be able to work for several months.

This insurance is offered to both employees and the self employed persons. Indeed the self-employed particularly like i:protect Lifestyle Protection for the Accident and Sickness cover. This can be selected separately from the Unemployment benefits section of their policy. This insurance pays up to £1,500 per month if the insured person cannot work for medical reasons and includes cover for backache and stress. For the self employed this cover is a great income stop-gap as it ‘works’ when they can’t and keeps money coming in until they can resume their usual trade/occupation.    

The re-launch of i:protect Lifestyle Protection Insurance, with new low prices, appeals to customers age 45 to 50 who often struggle to find another job quickly. Specialist provider i:protect have identified people in this age group as missing out on this type of cover in the past.

When getting an on-line quote, i:protect encourage customers to use the excess period options to reduce their premiums. For example, an employee may have a sick pay scheme that pays them for 6 months, by selecting the 180 day excess period option for accident and sickness benefits, the quoted premium simply plummets!

Similarly for someone who would get a redundancy payment/payment in lieu, that could only meet their expenses for 3 months; by selecting a money saving 90 day excess, their benefits would kick in just when they needed them. This policy will pay out until the policyholder returns to work, or, for a maximum of one year which is normally more than enough time to secure alternative employment. Twelve months benefit also reflects the period of time most people would expect to take recovering from a serious injury or illness.

For individuals who are also really worried about long term disablement, a complementary insurance product called long-term Income Protection is something to consider. More the province of Financial Advisers and Insurance Brokers, who usually tailor these policies to start paying out after a year or when the short-term Income Protection Insurance is spent. However, for most people, short-term Income Protection products like i:protect’s Lifestyle Protection will meet their most immediate concerns. This is especially because it is very easy to buy on-line and there are no long health questionnaires to complete or any requirement for a medical report or examination.   

For both flexibility and low prices – check out i:protect Lifestyle Protection Insurance, buyers are rarely disappointed. The claims service is outstanding and i:protect have earned the highest customer service rating in this sector from The Review Centre who are both independent and unbiased.

For more information about i:protect Lifestyle Protection Insurance please click here.

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Tags: Income Protection Insurance, Redundancy protection, unemployment insurance

This entry was posted on Thursday, December 22nd, 2011 at 2:44 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.