Accident & Sickness Insurance

classico_2

I am a self employed driving instructor looking to take out the above insurance and would appreciate any advice on companies to contact for the best deals.

roonaldo

If it was just accident and sickness insurance and you were self employed, there are no issues and this is correctly sold.

Its only unsuitable for self employed if it includes unemployment cover, as its often difficult to satisft the conditions to claim.

dunstonh

In this situation you should look for permanent health insurance. There is very little internet coverage on PHI. It is retailed mostly via IFAs.

amersall

roonaldo wrote: »

If it was just accident and sickness insurance and you were self employed, there are no issues and this is correctly sold.

Its only unsuitable for self employed if it includes unemployment cover, as its often difficult to satisft the conditions to claim.

The op was asking about taking insurance,not being mis sold.

I am a self employed driving instructor looking to take out the above insurance and would appreciate any advice on companies to contact for the best deals.

roonaldo

OP you have posted in wrong thread, you may get more responses in another section as this is for reclaiming ppi.

magpiecottage

roonaldo wrote: »

OP you have posted in wrong thread, you may get more responses in another section as this is for reclaiming ppi.

Yes but the OP has got the answer he wanted from DunstonH.

I would just add that he should make sure the IFA is truly independent and can select a suitable product from the whole market.

Also, remember:

• PHI pays income respect of any illness or injury that prevents you working, if necessary until you reach the end of the policy term, whereas a sickness and accident policy will only pay out for up to one or two years;
• The premium on a PHI policy is specified at outset and written into the contract for the entire term whereas a sickness and accident policy's premium can normally be reviewed (in reality this probably means increased) by the insurer;
• PHI may specify that it will pay out when you are unfit to do your specified occupation or it may say any occupation you are suited to;
• Neither will continue to provide benefits if you become well enough to work but there is no job left for you to do;
• Critical Illness cover provides a lump sum, rather than an income, but ONLY if you are "fortunate" enough to suffer one of the specified conditions. If it is something similar, but not identical - or not sufficiently severe - there is no payout.