What type of insurance do I need?

clueless78

I've been thinking recently about taking out an insurance policy that will cover my outgoings if I were unable to work through illness or an accident but there seem to be so many variables with different types of policy.

My circumstances: I'm female, non smoker, 30, in good health, single, no mortgage, no dependants. My job is, thankfully, very secure so I don't require redunancy cover and I get 6 months full sick pay. Please could somebody tell me what type of policy I need, I would need £1500 per month to cover all my outgoings.

Also, is there a ball park figure of how much such a policy might cost? I googled income protection insurance and it suggested that I would have to go to a financial advisor to set it up, if it's way out of my budget then I don't want to waste their time.

Thanks in advance for any thoughts or suggestions

dunstonh

Please could somebody tell me what type of policy I need

Permanent Health Insurance (PHI for short).

At 30 and non smoker you are still the right side of it being affordable. A 6 month deferment helps. Clerical work will be cheap. Manual more expensive.